Spot Gold at $9,000 … It’s Possible
Gold at $9000?
A Financial Times recent article stated: "UBS, for example, calculates that the U.S. reserves of gold are so small, relative to the monetary base, that a price above $6,000 an ounce would be needed to reintroduce a gold standard. To implement that standard in Japan, China and the U.S., the price would be more than $9,000. Moreover, right now few Western governments have any motive to even entertain the debate, given that inflation may soon seem the least bad way to tackle the current overhang of debt."
In today's economic climate it would seem prudent for most investors to have at least a small portion of their investment portofolo invested in gold. Personally, I prefer to invest in natural gold nuggets. Arizona gold prospecting
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If gold is so useless why does the US have 262 million ounces in their vaults? Why does the Federal Reserve keep other countries gold stores in their vault in NY? Gold is a type of currency onto itself, it’s a fallback. Right now China, India and Russia barely have any gold reserves. You will soon be seeing Gold buying by these countries as a shore to their currency.
Australian Nugget Specimens
Federal dealings in the gold market have the potential to seriously disrupt the free market by either artificially inflating or deflating the price of gold. Given gold’s importance to America’s (and the world’s) monetary system, any federal interference in the gold market will have ripple effects through the entire economy. For example, if the government were to intervene to artificially lower the price of gold, the result would be to hide the true effects of an inflationary policy until the damage was too severe to remain out of the public eye.
Gold Prospecting