I have been doing alot of research the last year or so about Gold and currencies. The economy is not doing so hot right now. The price of gold has been rising consistently, especially since the Greek crises. I have been hearing reports that the Obama administration is thinking about another stimulas package. If its anything like the last stimulas package, I am going to go out on a limb and say it will only cause more inflation and not help the economy. Perhaps one of the only reasons the dollar has been staying above float is the that the Euro has been doing very horrible after social programs have drained Europe. The European Union bailed out greece and its put alot of strain on the euro. Gold and Silver protect you against inflation and your purchasing power is saved. If you have no confidence in the current Keynsian philosophy of inflationism. Be smart and buy Gold.
No comments:
Post a Comment