Gold Prices: Where Will Gold Be at the End of 2010?
With interest rates where they are at, investors are looking at gold prices. Where will gold be at the end of 2010 has become a major concern. If you look at the current gold prices at over $1,100 an ounce, it appears the economy is still in a recession. Historically, gold prices fall when the country comes out of a recession, but it is still high. The US government claims all indicators are pointing that the recession is over.
The reason gold is still on the rise is because the people of America have lost faith in their government. The banking industry has control over the economy and they are failing miserably. That is, unless you are a banker then you are on easy street.
The determining factor on the price of gold this year will be the economy. The American people are smart and strong willed. They will find a way to get the country back on its feet. The best way is to bankrupt the big bankers. Honestly. The government said last year that corporations like Citibank were too big to let fail. They were a major contributor to the recession, let them fail. Since the government will not do what is right, then it is up to the American people to do it. Only use small local banks that promise not to be taken over by the ruthless banker barons. This will put the power of the economy back in the hands of the people that actually do the work, the American worker. Manufacturing is the economy not banking.
The shift in power will be indicated in the gold prices. Where will gold be at the end of 2010? It is up to you, the American people.
Tags: 2010, gold prices, investing, money
eShop: 2010 gold prices investing money
Leave a Reply
You must be logged in to post a comment.
