It appears that Gold is about to cross the psychological barrier of $1000 an ounce in the very near future.
Silver is at $16.36 and climbing.
Investors are worried about many things that could weigh on the value of the US dollar and see precious metals as a good place to protect the value of some of their assets.
{ 9 comments… read them below or add one }
Will the US side of the equation come in the morning and slam the price of gold down to say 985 or will this be the day that gold breaks the psychological barrier?!
The moving average has been rising. The Fed is ready to print more money, BUT the dollar is still at 1.43 vs. Euro and it will be interesting to see if it breaks with or against the dollar and see what happens then (i.e. will gold go up with dollar or will it go up w/ Euro…
Finally, is the rally out of steam? Certainly the stock market is ridiculously high but maybe gold goes on break again. Betting gold over 1000 is betting against bernake.
Gosh i don’t like that guy….
http://www.kevinhogan.com
From what I’ve read gold and silver always seem to do good in a down economy. It definately looks like a great place to protect your hard earned assets.
Jose Escalante
http://www.ChampionGreenEnergy.com
And back down again. Gold and Silver are real money, which is much different than paper currency.
I’m excited to learn more about this subject.
Steve Chambers
Business to Business Sales Training Expert
Hi, like the look of this info.
Keri Eagan
Anything Alternative
Nice charts. It is too bad our money wasn’t still backed by gold so we could not the US dollars true value.
Robert Martin
http://www.carbuyinghq.com
A thousand bucks an ounce, huh. It will be interesting to see where it, as well as the US stock market, the dollar, real estate — hek, ALL assets — go!
Health, Fitness — Darryl Pace
How can the price of gold be suppressed in the US?
Over heard in passing. Any thoughts?
Bert
http://www.businessandmarketingmakeover.com
When the Rothschilds in London set the price of gold every day all the criminals who run the world’s central banks could support the dictated price because the world’s financial order was held together by the dollar.
The dollar is now being intentionally destroyed so it can be replaced by a currency common to Mexico, Canada, and the U.S. of A. This currency in now being printed, in Colorado.
The significance of replacing the dollar is that when a country loses control of its money it loses control of its sovereignty. The destruction of the Republic has been the aim of conspiratorial plots
since the constitution was adopted.
But with the destruction of the dollar and what order it provided the true value of gold is determined by the market, not the Rothschilds and big players are now getting rid of inflated dollars as fast as can be done and buying gold at any price the market sets.
Ever since watching “Schindler’s List” and visiting Auschwitch/Birkenau, I have been inspired to have some assets in small valuable portables.
Happy Dating and Relationships,
April Braswell
Single Baby Boomer Dating Success Expert