The price of gold has risen consistently for an average of 20% annually for the past few years. There are more to come. This Blog is prepare for "gold bugs" as well as for the ordinary citizens who are looking to safe guard the value of their hard earn money with gold. I will update you from time to time with informative and interesting articles.
Friday, January 07, 2011
Gold Price Update
In my last post at 7 March 2010, gold was at USD$1134, an all time high at that time. Since then it has move to above USD$1400. It has drop a bit to USD$1372 now. I notice a lot of people has started to say that it will crash now. But does the US government resolve its debt problem of 14 trillion dollars? The answer is NO. In fact it is planning to raise more debt to cover the existing debt by asking the Congress to lift the debt limit of 14.3 trillion to an even higher amount. Gold will continue to rise as long as the US and Euro keep printing money. Buy it now to protect your wealth. This is my sincere advice.
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