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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