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Smartsvn offline mode4/1/2024 ![]() ![]() While I have no doubt there will be continuing corrections in gold, and we're probably in the midst of one at the time of this writing, even so, the price of gold will continue to go up for some time to come, and I don't see how the Federal Reserve can get out of the trap it has created for itself, which would have a possible negative impact on gold prices. While Soros may know currencies, I'm not sure that he's right on this assertion, as the pieces in place at this time lean toward gold maintaining and increasing in price going forward.Ĭontrary to government assertions and mainstream media parroting those assertions, we aren't in an economic recovery, and probably won't be for several more years and even then it will probably be a weak recovery.Īlthough there is a weak and quiet attempt by the Federal Reserve to unwind its debt, that isn't going to happen any time soon, and the central banks around the world are continuing to print money out at unprecedented levels.Īnd even if there are the rumblings of a real and sustainable recovery, there is sure to be strong inflationary pressures as consequences of printing out all that money as well as growing demand for commodities from emerging economies. ![]() Soros was quoted in The Telegraph as saying, "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment." Leftist, liberal billionaire George Soros said recently at the World Economic Forum in Davos, Switzerland that the "ultimate asset bubble is gold." ![]()
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