What are the immediate effects of such a steep drop in USD?
It puts extreme upward pressure on anything and everything. This has really kicked in especially within the last year to two years, and has been building before that for the better part of this decade.
Metals
* Aluminum: up 76% in 4.5 years
* Copper: up 333% in 5 years
* Platinum: up 353% in 9 years
* Silver: up 272% in 6 years
* Gold: up 300% in 7 years
Food
* Canola: up 133% in 2 years
* Cocoa: up 206% in 7 years
* Coffee: up 170% in 6 years
* Corn: up 150% in 2 years
* Oats: up 160% in 3.5 years
* Rice: up 239% in 6 years
* Soybeans: up 134% in 1.5 years
* Wheat: up 200% in 2 years
Fuel
* Brent Crude Oil: up 900% in 9 years
* Heating Oil: up 450% in 9 years
* Light Crude Oil: up 850% in 9 years
* Propane: up 190% in 9 years
The source is here.
Saturday, March 15, 2008
The pressure of USD steep drop
Posted by Anonabule at 8:02 AM
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