In his press conference on April 27, 2011, Federal Reserve Chairman Bernanke dismissed inflation worries, stating that “Our expectation is that inflation will come down and towards a more normal level”. Should we believe him? Not if you want to preserve your wealth and here’s why.
Chairman Bernanke has a perfect record of making [...]
(Bloomberg) Gold may gain for the first time in three days in New York as physical buying and concern about Europe’s debt boosts demand for the metal. European finance officials endorsed a bailout for Portugal as Luxembourg Prime Minister Jean-Claude Juncker said the region’s ministers floated the idea of extending Greece’s debt- repayment schedule. [...]
Gold held close to the previous session’s near three-week high on Wednesday, supported by an increased focus on inflation after China’s second interest rate hike in six weeks and residual interest in the metal as a haven. Spot gold was bid at $1,362.70 an ounce at 15:33 SA time, against $1,363.59 late in New York [...]
Popular Topicsalternative assets bernanke Bullion Buy Ceiling china Coin Coins comex Commodities Crash Crisis Currency Debt Debt Limit dollar Economy Euro federal reserve Fiat Money futures Gadhafi george gero Gold Greece IMF inflation interest rate Investment IRA Italy Libya Money Peter Schiff Platinum precious metal Precious Metals Prices QE3 rbc Ron Paul Safe-Haven San Diego Silver spot gold