Spot Gold Price Ready to Run
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Many worry about the similarities between current policies of President Barack Obama and Fed Chairman Ben Bernanke and those of the Rooseveltian 1930s and the Carteresque 1970s. They believe we’re following a similar script as governments try to inflate their way out of an untenable position brought on by excessive credit creation, runaway budget deficits and a looming demographic problem in the developed world.
Gold investors point to the tripling of the money supply over the past decade and the creation of $14 trillion in debt. When will this buildup in liquidity and money equivalents translate into measured money supply growth? When that happens, what’s to stop gold from running to all time highs?
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