Dollar Gold Head Indian
After the midterm elections, no one could seriously believe that the US economy would right itself. With the federal government's plan to monetize the debt by increasing the money supply by more than $500 billion, it merely stoked the fires of currency and precious metal speculative price increases.
This was recently predicted in an article written about gold and platinum price expectations. The problem with this scenario, that while accurate, it signals to the rest of the world the potential weakness in the U.S. economy. Regardless of the loss of national prestige, the real victims is the citizenry of the country.
Will Gold, Platinum, Silver and Palladium Rise as the Money Supply Expands?
Certainly, no matter what other investments an investor has, precious metals will continue to be the safe harbor, for a time. The investor acting now and in advance of the oncoming weakness in the economy will be better positioned in almost all ways. Those homeowners and other citizens holding conventional investments could potentially watch helplessly as a potential crash ensues and personal bankruptcy leads to new waves of home mortgage default.
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