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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.

Gold Rush in The Maderan Day

Today gold prices are increasing day by day. Fear of financial collapse has enhanced gold's glitter, with prices soaring more than 300 percent the past decade, including 30 percent just in the last 12 months. And just as strong U.S. real estate prices a few years ago created a burgeoning ecosystem of entrepreneurs exploiting that bubble, gold's surge has led to a new crop of prospectors seeking gold and the business around gold.

Let us see in the past .One is Mark Franklin. About four years ago, Franklin, 52, watched a television show on treasure hunting and decided to try his own luck at gold prospecting. The Dayton electronics technician had never prospected before, but he saw a future in the precious metal—a world awash in debt could trigger inflation and a robust outlook for gold, a so-called "hard" asset that typically rallies in times of economic distress. Gold is now about $1,209 an ounce, near the all-time high of $1,266 per ounce in June. Plus, Franklin says, the quest for gold was a good excuse to get outdoors. He discovers about $50 worth of gold, in flakes and larger pieces called "pickers," on an average day prospecting in Ohio or on longer trips to Idaho, Alaska, Michigan, and Georgia. His total take? Just more than $4,000.

Franklin is far from a lone prospector. "Every time the gold price goes up, our membership increases," says Jinny Iodice, customer service manager at the Gold Prospectors Association of America, a Temecula (Calif.) group that provides forums and outings for recreational miners. There have been plenty of new members: The association's membership jumped 93 percent in 2008, followed by a more modest increase of less than 10 percent so far this year, as the gold bug infects more recreational miners. The GPAA has more than 62,000 members nationwide.

Just as past gold booms produced incredible wealth for some, however, far more of those seeking to strike it rich went bust. "When you see such a dramatic move, the tail end almost becomes hysterical," says Gus Sauter, chief investment officer at Vanguard, comparing today's gold rush with the Internet boom of the late 1990s. "People who threw caution to the wind are still scrambling." In the past, gold has done well when U.S. Treasuries yielded less than the inflation rate, which is not the case right now, according to Paul Kasriel, chief economist at Northern Trust. But "markets are weird," he says. "Why did people keep buying houses when it was pretty clear house prices were going to fall?"

But "gold is real money," says Gerard Adams, president of the National Inflation Assn., a year-old group in Fort Lee, N.J., that seeks to warn about hyperinflation, which it considers inevitable. In Adams' view, the price of gold has not yet peaked.

An Adventure Trips

Gold is also used for business activities. Many companies are banking on that. Three years ago, Terry Soloman decided to turn his lifelong passion for prospecting into a formal business with Arizona Gold Adventures in Congress, Ariz. Soloman gets two types of customers: families wanting an outdoor vacation and individuals serious about prospecting. With his children out of the house and the price of gold rising, Soloman turned the recreational prospecting trips he had taken for some two decades into a formal business. Now he has about 400 visitors a season. The average customer finds one to two grams, says Soloman, but some get even luckier. "You've got other people who walk away with several ounces," he said. "You've got to have a little luck."

Lucky or not, Soloman says everyone leaves with legitimate prospecting skills for his $349 daily fee. Those wanting more serious skills now make up about 40 percent of his business, double the number before gold surged, Soloman said.

The California Gold Rush (1848–1855) began on January 24, 1848, when gold was discovered by James W. Marshall at Sutter's Mill, in Coloma, California.^[1] News of the discovery brought some 300,000 people rushing to California from the rest of the United States and abroad.^[2] Of the 300,000, approximately 150,000 arrived by sea while the other half of them walked 1,500 miles (2,400 km) overland.

The early gold-seekers, called "Forty-niners" (as a reference to 1849) traveled to California by sailing boat and in covered wagons across the continent, often facing substantial hardships on the trip. While most of the newly arrived were Americans, the Gold Rush attracted tens of thousands from Latin America, Europe, Australia, and China. At first, the prospectors retrieved the gold from streams and riverbeds using simple techniques, such as panning.