Obama’s feeble dollar sparks a new goldrush
Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen to zero. Why investors are expected to find such a modest claim reassuring I can’t imagine. But something is persuading people to buy gold, driving the price to and past $1,100 per ounce, from about $270 at the beginning of this decade, and around $700 when the financial crisis first hit. This is not...
Original Article: Forum: News/Activism
Tags: Amp, Decade, Dollar, Financial Crisis, Fort Knox, Hoard, Imagine, Ingots, Investors, Obama, Ounce, Sparks, Spokesman, Television Ads, Value Of Gold, X92