Record High Gold Prices
Again there is another Record High Gold Prices. This was the headlines at the beginning of March 2011 and now again not even 2 months later. The high of $1519.30 on Monday April 25, 2011 was expected since the announcement from the S&P credit agencies downgraded the US government from stable to negative.
The current Gold Prices Today went from the high of $1519.30 to a low of $1498.80 yesterday. This turbulent market has investors scrabbling. With the gold market pegged to the USD which is starting to loss its stability due to the lack of a sound fiscal policy by the US government, no wonder people are buy real investment, Gold.
The current speculation by investors and those in the gold industry is that Gold will continue to rise throughout the year. It is now expected to breach the $1600 mark before the end of the year. This is a clear indication by the markets that no one is believing what the governments around the world are trying to push on the public that the recession is over.
Since the Obama administration decided to bail out the financial industry and not force them to help the general public, the US economy is not going to recover for some time. Since the massive debt was built up helping the rich, the poor will suffer even longer and there are no more funds to help them.
Gold always has and always will be an indicator on how well the economic policies of the US government and the other major economies are doing. As long as record high gold prices continue to occur, the people of the world know their governments are not deploying a sound fiscal policy. It really is time for a change and not the change Obama did, which was for the worse.
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