Gold Price Takedown a Plot by the Fed and the Bullion Banks
Mr. Sinclair has the gold price shooting to $3,500 and higher in the near future. His predictions have been very accurate for more than a decade now.
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Mr. Sinclair has the gold price shooting to $3,500 and higher in the near future. His predictions have been very accurate for more than a decade now.
Although you wouldn’t know it from listening to all the bearish commentary out there, silver is actually enjoying a strong young upleg.
“I think 2013 will be a bad year in all markets,” another survey respondent added, “but can offer some buying opportunities in gold for the long term.”
“Quite clearly the US wants a lower Dollar and its monetary policy is certainly geared to deliver it,”
Gold is going from a fringe investment asset to a mainstream store of wealth held by prudent individuals, institutions, banks and nations.
One of the most important facets of Basel III is that it will treat gold as an asset class. Many experts believe Basel III may officially label gold as a “Tier 1” asset in addition to cash and AAA-government securities.
Gold is often bought as a financial hedge against a weak U.S. dollar. Fed policies that have increased the amount of dollars in circulation have weakened the dollar.
There are tremendous forces at work that will push silver over $100 an ounce. Very few precious metal analysts understand all the forces that are at work
More and more liquidity will be put into the system and therefore there’ll be inflation fears and concern about currency devaluation,” according to Bloomberg.
The truth is that, gold is likely to go much higher in the course of the 45th President’s 4 year term – whether there is a President Obama or a President Romney