New Gold Upleg: Adam Hamilton
Source: http://feedproxy.google.com/~r/YourFinancialFuture/~3/c_R9NRb1ank/Posted on Monday, March 30th, 2009 | In Gold Markets
New Gold Upleg
Adam Hamilton March 20, 2009 2997 Words
After gold’s breathtaking $38 surge in 15 minutes Wednesday, there is much renewed interest in the Ancient Metal of Kings. The Federal Reserve, which is clearly being run by lunatics, publicly announced it is going to create over a trillion dollars out of thin air to monetize US debt. This degree of pure monetary inflation is utterly unprecedented.
Gold soared because it remains the best asset to own in inflationary times. Inflation is an immoral stealth tax levied on everyone. But it hits those of modest means the hardest, because rising everyday living expenses consume a higher proportion of their incomes. When the Fed injects fiat money into the economy, relatively more dollars chasing relatively fewer goods and services bid up prices on everything.
Last 5 posts by Alex Stanczyk
- Sprott: US Gov Dead Man Walking - October 21st, 2009
- Bank of England Governer: Regulation can not stop bank failures - October 21st, 2009
- Dollar Dead-Pool - October 15th, 2009
- Barclays: Gold can go to $1500 - October 7th, 2009
- Gold passes $1040 – Silver Passes $17 - October 7th, 2009
 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
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