gold bullion coin prices
The price of gold per ounce is exploding! gold coins "> gold rose gold in forty-six dollars during the past two days. Gold is now eleven years of a hundred a day. Gold has also broken above the critical level of $ 900.
Let me explain the reasoning behind the recent explosion of the movement of gold. I also explain why I think the price of an ounce of gold is higher in the coming weeks and months.
Returning a couple weeks ago —
Federal Reserve, Ben Bernanke, and several other Fed governors began talking tough on inflation.
Financial markets are under the false impression that the Fed will start raising interest rates, perhaps as soon as August. The dollar began to rise in response and gold sold.
However, it soon became apparent reserve, after the latest meeting of Federal Open Market Committee that all the talk about the importance of a strong dollar and inflation concerns just that – TALK! In fact, the Fed is more concerned about the state of the economy, as savings in the dollar.
As soon as it became clear that the Fed was unlikely to raise interest rates in the near future, gold began the explosion upward!
If you think the action last week in the gold market was exciting, just wait. In the long run, the price of ounce of gold will move higher still.
You see, the Fed is in a bit of a situation —
If interest rates rise, the system weakened financial might collapse. If they do raise rates, the dollar continue to weaken.
Unfortunately, the inability of the Fed to raise rates will cause everyone to lose. The dollar will fall and the economy will suffer from inflation.
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Article Source: ArticlesBase.com – The Price of Gold Per Ounce is Exploding – Why You Should Buy Silver and Gold Bullion Coins Now
Gold price manipulation – Bill Murphy & Chris Powell
