Gold Price Today: A Real Barometer Of World Trust
Nowadays, Us citizens are struggling with a pile of unpaid debts. In the helm is often a new Fed chief, Ben Bernanke, that has by now been nicknamed "Helicopter Ben" based on admitting he'd print enough paper currency and fall it from helicopters to maintain the U.S. market from sliding into an economic downturn.
The Wall Road Journal lately revealed an excellent commentary, "In Gold We Have faith in," by David Ranson and Penny Russell of H.Do. Wainwright & Co. Economics. They describe why gold prices are the truest measure of dropping consumer trust and of growing inflation. Here are a few key points they bring to light:
* Gold is the benchmark for the price of the dollar - not the other way around.
* The falling U.S. dollar is largely being overlooked by Washington and Wall Road.
* Gold's sharp rise signifies an equally sharp decrease in trader confidence.
* Gold is the barometer of public confidence in paper money.
* The dollar's failure of 60 percent since 2001 can be a blow to capitalism.
Bottom line: The U.S. dollar is gradually but progressively slipping into oblivion, taking with it the desires and dreams of all Individuals, along with the value of their savings accounts and investments.
Most Wall Road pundits view gold as yet another commodity, which they say is now overpriced due to a growing gold fever worldwide since 2001, causing central banks, hedge funds and others to buy gold for the first time in decades. Not so!
Gold is rising due to the fact it is real money. The solution is to convert a portion of your "paper" assets into gold - thus putting yourself on a personal gold standard.
Increasing gold prices right now are a big red flashing indicator of approaching inflation, that may take gold prices above $1,000 an ounce. So don't delay to acquire gold - buy gold and wait. Check out the gold price today
Sobre o Autor
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