|
Some of the nations foremost experts on the Fed Reserve are almost in a panic. Noyone seems to know what is going to happen.
Since the Fed took the liberty of expanding the M3 money supply, in 2007, so much that they decided against reporting the amount.....inflation was a guarantee.
As uncertainty increases and the value of the dollar plummets, conditions ripen for hyperinflation. Gold has tripled in price under our illustrious War Commander while it went down under Clinton.
This is what makes gold very possibly a superb investment. If the Fed decides that the boat is leaking too badly, they will start buying gold rather than selling gold. Why not? There was nothing backing their fiat money anyway.
If the Fed starts buying gold with the apparently hyper-expanded money supply, that would likely work as a catalyst for gold prices in the thousands of dollars/ounce range.
Why take 5% on a CD when inflation is double digit? While you *could* lose 30% on a gold investment, you could also make 600%.
Many experts are predicitng a collapse of our monetary system due to excessive deficit spending....i.e. wars that were never meant to win. Why not invest in a soft landing?
_________________ "If the people allow private banks to control their currency the banks and corporations will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson
|