Gold Makes New All Time High! Where Next?

Commodities / Gold and Silver 2010
Sep 14, 2010 - 04:06 PM

By: Steve_Betts

Here’s the game for anyone who doesn’t have the time or inclination to follow the markets, and you won’t hear this on TV either. The US Federal Reserve is acting as the buyer of last resort in the bond market in an effort to give the appearance that demand for US debt exists. They print dollars to do this. In supporting the bond, and stocks to a lesser degree, they will destroy the US dollar. Yesterday the greenback took a big hit and today it is getting walloped again. Sooner or later this will spill over into bonds and stocks, and I am convinced it will be sooner.

In fact I believe it will happen now! Everyone talks about buying blue chip stocks with good dividends, or bonds as a “safe havenâ€