Sunday, November 22, 2009

Gold above $1150

On 11/6, I posted that gold was just under $1100/oz. Now 16 days later, it's above $1160. What is driving the spot price? An inflationary monetary policy? A devaluation of our currency?

Gold and silver are good indicators of the value of our Federal Reserve Notes. Unlike stocks, their value will never be zero.

Found at Patriot Trading Group

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