By MoneyMorning.com.au
After going bonkers a couple of months back, our old pal (gold) is moving in the right direction again.
This morning it’s trading at USD$1,738… and just under $1,700 in Aussie dollars.
Central bankers are trying their darnedest to rid the world of meddlesome warning signs (messing with interest rates, pegging currencies – such as the Swiss franc, and printing money). Warning signs that could help you defend yourself against central bank and government attack.
But through all that, gold still has the habit of giving the game away on what you can expect to happen next. And it’s telling you that more money-printing and co-ordinated wealth destruction is just around the corner.
Of course, like all predictions, we could be wrong… which is why we never tell you to bet your house on it.
But if you’re prepared to bet a few bucks each week on the lotto with odds of 10 billion to one, you should definitely make sure you place a bet on something with much shorter odds – that the U.S. Federal Reserve will print more money in 2012, and the gold price will go higher.
Because believe us, you’ve got a much better chance of getting your money back on a bet against the Fed than you have with a bet on the lotto.
Cheers.
Kris.
PS. Don’t forget to register for the Sydney Gold Symposium. It’s less than two weeks away. Your editor is due to chair day two of the event, including a panel discussion with Eric Sprott, Egon von Greyerz, Ben Davies and John Embry. Tickets are still available. Click here for more details…
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From the Archives…
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2011-10-28 – Greg Canavan
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2011-10-27 – Kris Sayce
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2011-10-26 – Kris Sayce
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2011-10-25 – Dan Denning
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2011-10-17 – Kris Sayce
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