Dollar Collapsing Gold Soaring Are The Gold Bugs Finally Right

For longer than anyone can remember, gold bugs have been predicting the demise of paper-based currencies and the rise of their favorite yellow metal. Yesterday, gold cracked $1,000 per ounce, a level it has broken only briefly in the past. And the dollar continued its collapse. So are the gold bugs finally right? Should you swap all your dollars for gold dust and stash it in a safe-deposit box (maybe picking up some guns and cat food while you\'re at it)?
Channels: Precious Metals Currencies
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Few rule changes in Wall Street

Sep. 10 - The financial crisis prompted policymakers to vowing that they will mend the system so it never happens again, but most reforms are still a work in progress.

SOUNDBITES:

Senate Banking Committee Chairman Christopher Dodd

Morris Goldstein is with the Peterson Institute of International Economics

Miya MacGuiness of the New America Foundation

Deborah Lutterbeck reports.

Qatar drowning in petro-dollars

The Gulf state of Qatar is rich in oil and gas and has a small population.

While the country's oil revenues give citizens generous benefits, analysts say the petro-dollars are not necessarily a blessing.

Al Jazeera's Nicole Johnston, reporting from the capital, Doha, explains why an economy based almost entirely on income from oil and gas is not without its drawbacks.
This week we ask if the US can afford widespread healthcare reform, analyse the high hopes for Dubai's new
metro system, and at the paradox of oil wealth.

Tags:
aljazeera english US health care system dubai metro system oil wealth obama health qatar gulf

al jazeera qatar nicole johnston oil doha
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