Where is the Price of Gold Going from Here?
As of today:
*the price of gold surged 4% in just a few days
*the US dollar hit a 16 month low
*oil has reached new lows and is not rebounding (indicator of lack of global industrial and consumer demand, not a glut)
Learn the BEST way to invest in gold during the market crash at https://thebestgoldirarolloverguide.net
Posted by The Most Interesting Investor in the World on Thursday, February 11, 2016
Author adminPosted on February 12, 2016February 12, 2016Categories gold newsTags federal reserve hikes interest rates, gold price up, gold up, investors seek safety in gold, price of gold, schiff gold, spot price of gold, yahoo.com finance gold
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The U.S. and Europe have historically manipulated the price of gold through increasing margin requirements and concerted gold lease programs at crucial times to maintain the hegemony of the US dollar and the Euro, but with rising federal deficits in the West we are seeing the dollar exit stage left as the world reserve currency.
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