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LONDON: The European single currency hit a near 7-month dollar high on Friday on expectations of more US stimulus spending, in turn pushing gold to a fresh record, dealers said.

At about 09:35 GMT, the euro struck $1.3764, the highest level since March 17 and compared with $1.3634 in New York late Thursday. The faltering dollar pushed gold to a record $1,317.42 per ounce on the London Bullion Market.

“The economic data out of Europe has been fairly uninspiring this morning and the sovereign debt issues are still bubbling away,” said GFT analyst David Morrison.

“Consequently, it’s probably fair to say that it’s the expectation of further quantitative easing [QE] from the US Federal Reserve that continues to undermine the dollar and lift the single currency.” The dollar has faced strong selling pressure since the US central bank hinted last month at more stimulus spending if the tepid US economic recovery cools further.

Morrison noted that “QE involves the creation of new dollars by the Federal Reserve, which are introduced into the system through the purchase of Treasuries [bonds], mortgage-backed securities and perhaps other assets.

“By creating these fresh dollars, the Fed dilutes the purchasing power of the existing dollars, devaluing the currency.”

Gold jumped meanwhile on the back of the weak US unit, which makes the dollar-priced metal cheaper for buyers using stronger currencies and so tends to stimulate demand and prices.

Organo Gold started a full time business in Sept 2008 and did a pre-launch a year ago. This company makes many products among which is the King of Herbs, the Ganoderma. The company produces coffee which is the primary product. There are many companies that produce coffee so what gives Organo Gold an edge? Organo Gold has a good management, the CEO has over 10 years of direct sales experience. In his previous company in the Philippines, he built a 500,000 member organization. Out of 1,600 different companies in the Pacific Rim, his company was named Direct Sales Company of the Year 3 times in a row.

As it is mentioned, the company has many products to offer to the community such as Coffee, Tea and Hot Chocolate with 100% Organic Ganoderma, Ganoderma Lucidum capsules, Ganoderma Spore Powder, Ganoderma Mycellium, Nutraceuticals, Skin Care and more to come. Ganoderma builds your immune system, oxygenates your body, boost stamina and provides your body with over 150 all natural antioxidants to fight free radicals. Comparatively a glass of orange juice has only 7 antioxidants.

Therefore Organo Gold are offering great value products to the people.

With regards to their financial strength, Organo Gold is debt free and even though this is a start-up company, the sales are reaching 1 million dollars per month.

In regards to its compensation plan, there are seven ways to get paid:Retail Sales paid daily, Fast Track Bonus paid weekly, Duel Team Bonus paid weekly, Unilevel Bonus paid monthly, Unilevel Matching Bonus paid monthly, Generational Bonus paid monthly and Global Pool paid quarterly. It seems like that Organo Gold compensation plan is an openhanded one.