It is yet another example of the indispensability of gold as a hedge against the bankster engineered economic implosion. Earlier today, the precious metal reached a new record as the dollar tumbled further on the Fed announcement it will continue its habitual manipulation of monetary policy by keeping interest rates artificially low.
Gold reached $1,290.40 an ounce at 2:43 p.m., according to Bloomberg. At the same time, the beleaguered dollar fell 1.3 percent against a basket of six major currencies. Gold has surged 17 percent this year, heading for a 10th straight annual gain.
Many gold advocates are stunned by the momentum and note that the market will soon reach the psychologically important $1,300 an ounce mark. Analysts believe the price will reach $1,500 by the end of December or during the early months of 2011.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
Most people just aren't buying stocks anymore.... What can we get them to buy now?? How about GOLD!! Yeah, yeah, THATS the ticket....and after all these poor middle class schmucks spend whatever we haven't already scammed them out of, we'll drop the hammer on the price of gold and clean 'em out for good.....!!!
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