Spot Gold Price – Ready for Hyperinflation?
The U.S. Federal Reserve has printed more money than ever before in history, and plans to print even more. The argument can be made that the actual amount of dollars printed doesn't even begin to approach the losses in all asset-classes over the last two years. Unfortunately, proponents of this argument fail to account for the fact that the dollars being printed will eventually find their way into the economy, triggering the effects of our fractional reserve banking system, exponentially increasing the amount of currency available. These same proponents also fail to give credence to the fact that the effect of these dollars in the system will be rising rates and prices — partially or completely offsetting any previous losses. Record numbers of dollars will flood the system at the same time asset-prices will be moving toward (or beyond) previous highs. That is a recipe for hyperinflation.
[tags]spot gold, spot gold price, gold, gold investing, gold price, gold price outlook, gold price forecast, hyperinflation [/tags]
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Gold is the one currency that you can’t print too much of and can’t devalue with a formal statement, so people will always tend towards buying gold when money is suspect. Money is suspect now, and while gold has dropped recently – because of dollar buying – longer term, and I mean from now (fundamentally and technically {according to my reading of the charts}), gold is starting an uptrend. I took my profit on short gold today and now I’m long, through ETF,
Get ready for super inflation and be strongly prepared to have your standard of living not only reduced but maybe cut in half.
San Diego Real Estate Agent
COMEX gold is being maniuplated by the Fed through a couple bullion banks.
They are doing a fine job of keeping gold down and everyone flooding into it.
But, eventually gold is up because even the Fed will eventually use it to cut the US debt in half or more by revaluing gold to the dollar. Only, they will do it when they feel it is time to do it.
Until then, gold will be stuck in the range of 750 to 900 dollars. Unless, Chinese or middle eastern folks take advantage of golds low price and start buying it on the COMEX with the intention of taking delivery.
Then the game will be over for manipulation by the Fed.
So, either the Fed will eventually cause the price of gold to go to four figures on their time table or some foreign entity will get into the game before that happens to keep from losing dollars when the Fed does it.
San Diego Cosmetic Surgery
I hear that the Comex Gold may default in 2009 sometime because they will not be able to deliver physical gold as promised when more and more investors lose confidence in paper.
Riverside County Lawyer