Will the Gold continue to grow in value in the coming month’s?
With the current trend in the Gold market today. Will the Gold continue to grow in value in the coming months?
I expect the value of gold to remain fairly constant over the next few months and years. I also expect it will cost much more to buy it with any of the world’s paper currencies.
Bernanke gave this speech in 2002…He will fight DEFLATION AT ALL COST…INCLUDING A DEVALUATION IN CURRENCY!
If you scroll down to a little more than half of this speech you will see Benny agrees with Franklin D. Roosevelt’s 1933-34 policy to DEVALUE currency by 40% to fight deflation.
"The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly"
draw your own conclusion, is see a parallel between today’s policies and then.
By May 1, 1933 private American gold holdings was surrendered (by force) to the Federal Reserve and exchanged at the rate of $20.67 per ounce. What is the price of gold now? Now that is some trade!