Gold prices
Ben Bernanke can’t print gold. Thank goodness.
As you know, Ben Bernanke, chairman of the Federal Reserve, recently outlined his plan for ongoing quantitative easing with QE3. Basically the Fed will keep printing money, pass it down the line to the banks, and then hope it will stimulate some positive economic activity on Main Street. Will it work? Probably not. But we’ll …
Herds of foolish people buy gold when the price is rising fast. Wise individuals buy during corrections.
People behave in curious ways. And human behavior when buying gold is no exception. But before we focus on gold, let’s take a look at when and why people buy just about anything. Look back to the tech bubble of the late 90s. Smart investors jumped in early. Amateur investors kept on buying as technology …
Leaked documents reveal China is buying gold to weaken the US dollar as the world’s reserve currency.
Once again, Wikileaks gives us an insight into areas most politicians would prefer stay hidden. Here is an excerpt from a cable published by Wikileaks, and sent from the US Embassy in Beijing in April, 2009: 3. CHINA’S GOLD RESERVES “China increases its gold reserves in order to kill two birds with one stone” “The …
Mike Maloney explains why gold prices could hit $15,000 an ounce or more.
Mike Maloney is the founder of GoldSilver.com and, in addition to selling gold and silver, he is a big educator and advocate, particularly when it comes to gold. In this video he looks at the rise in the US of the monetary base, combined with total revolving credit. What’s that about? It’s a measure of …
Will gold continue to rise indefinitely, or are we close to the top?
Given the unusual volatility of gold prices recently, that might appear to be a tough question to answer. The gold market it not used to the level of attention and activity it has attracted in recent months. With economic woes headlining in both the US and Europe, investors have fled to gold as a safe …