Summary from The Canadian Press
The rise of Gold Dinar(9166) often attributed to the rise of gold(9999).And rise of gold affected to world political factors, such as Iran's defiant stance on uranium enrichment.
Dispite of that, deficits of U.S dolar also affected to all metal to climbed dramatically. Holder of U.S dollar worldwide including some central banks, are instead now chossing more often than before to accumulate gold or alternative such as the Euro.
If the U.S Federal Reserve continue to support U.S dollar with additional interest rate increases, U.S. stock and home pice would likely tumble, couse economic turmoil. If instead the Federal Reserve were supportive of stock and home prices (by holding down interest rates), the U.S. dollar would depreciate further.
Obviously, when the deficit problem turns into a crisis, the Federal Reserve will print money and keep interest rates on the low side in order to keep the economic wheels turning, even if it means higher inflation.
Recent developments are indicating that history is repeating itself. U.S. assets, particularly financial assets, are losing ground against all others.
The process will remain continue for many years to come and the price of gold will be among beneficiaries.
The rise of Gold Dinar(9166) often attributed to the rise of gold(9999).And rise of gold affected to world political factors, such as Iran's defiant stance on uranium enrichment.
Dispite of that, deficits of U.S dolar also affected to all metal to climbed dramatically. Holder of U.S dollar worldwide including some central banks, are instead now chossing more often than before to accumulate gold or alternative such as the Euro.
If the U.S Federal Reserve continue to support U.S dollar with additional interest rate increases, U.S. stock and home pice would likely tumble, couse economic turmoil. If instead the Federal Reserve were supportive of stock and home prices (by holding down interest rates), the U.S. dollar would depreciate further.
Obviously, when the deficit problem turns into a crisis, the Federal Reserve will print money and keep interest rates on the low side in order to keep the economic wheels turning, even if it means higher inflation.
Recent developments are indicating that history is repeating itself. U.S. assets, particularly financial assets, are losing ground against all others.
The process will remain continue for many years to come and the price of gold will be among beneficiaries.
