The Bull Market In Precious Metals Has Only Just Begun.
2010 March 5
by gold nugget prospector
Eventually the Fed is going to have to raise rates to continue attracting the huge amounts of money it needs to function. Overseas investors are going to start demanding higher rates. Higher rates will kill this fragile economy. Precious metals thrive in a high interest rate environment. From a long term perspective the bull market in precious metals has only just begun.
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4 Responses
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At some point, since the dollar will collapse — interest rates will go up sharply…it has to because foreigners will dump our dollars and our treasuries and will only be enticed to buy them again when they get rewarded for their risk…the mkts set the interest rates and not the Feds…I gaurantee you will interest rates will go up when foreigners wake up and stop buying our debt.
Gold belt buckles
Think about it, we rapidly increase the amount of money to stabilize money. If gold could be created the same way, it wouldn’t be worth much in the Future.
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A few stragglers?I?ll be coming back often for inspiration!
For me, this post was very interesting!