- Gold is finally acting like it's supposed to.

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Gold is finally acting like it's supposed to.

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Dear RH, I’m going to start this off by saying that if everyone could afford to buy a home and make those monthly mortgage payments, then they deserve that house.
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Gold is finally acting like it's supposed to.

Friday, 21 September 2007

Historically, people have bought gold to counteract inflation. The world has a finite amount of gold, but governments can print money all day long.

So you would expect people to pile into gold at the sign of a weakening currency.

Gold defied common sense in 2007. Since March, the precious metal has done nothing, despite the dollar's plunge.

Bank for International Settlements (BIS) and Goldman Sachs has Come out with warnings

Russell McDougal We’re living in some pretty hairy times right now. More and more people are bringing up comparisons to the Great Depression in the 1930's. For good reason.
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That is until the Fed knocked a half point off of interest rates. The cut sent the dollar falling to a new low against the euro, and gold took off...
How much higher do we have to go? As Tom Dyson noted, we haven’t seen people lining up outside of gold coin dealers, yet...

-Sean Goldsmith
Source Daily Wealth

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