|
![]() Real Wealth #263 06/10/2010 Why is gold Rising? Are you kidding me? Just read the headlines...
Dear Gold & Energy Subscribers, Below you’ll find four stories in the news the past 48 hours that I think
deserve your attention. In many cases they confirm what I’ve been telling you
about the dangers ahead. The last story below deals with Federal Reserve Chairman Ben Bernanke inability to deal with the reality that gold is signaling a great deal of economic danger. It leaves me wondering whether he’s in denial or just unable politically to answer a simple question like ...”Why is gold climbing in price?” Either way it’s a very bad sign. By the way I recommend a OIH Call trade in my Gold and Energy Options Trader that we will likely take another healthily profit. If you’re on the fence about subscribing please sign up today. This way if we take a nice fat profit you’ll get a good taste of how I am running this amazing options trading service. U.S debt to rise to $19.6 trillion by 2015Tue, Jun 8 2010 WASHINGTON, June 8 (Reuters) - The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress. The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year. Debt Spreading 'Like a Cancer': Black Swan Author The economic situation today is drastically worse than a couple years ago, and the euro is doomed as a concept, Nassim Taleb, professor and author of the bestselling book "The Black Swan," told CNBC on Thursday."We had less debt cumulatively (two years ago), and more people employed. Today, we have more risk in the system, and a smaller tax base," Taleb said. "Banks balance sheets are just as bad as they were" two years ago when the crisis began and "the quality of the risks hasn't improved," he added. Soros Says `We Have Just Entered Act II' of CrisisBillionaire investor George Soros said “we have just entered Act II” of the
crisis as “The collapse of the financial system as we know it is real, and the crisis
is far from over,” Soros said today at a conference in Bernanke Puzzled by Gold Rally Federal Reserve Chairman Ben Bernanke says he’s a bit puzzled by surging gold prices. The 30% rally from a year ago, on top of gains in previous years, might be interpreted as a loud signal from markets that big inflation pressures are building in the U.S. Gold is seen by many investors as a hedge against inflation risk.
Now that the UN has passed another round of very benign sanction
against
Sincerely, James DiGeorgia Editor/Publisher
------------------------------------------------------------- Learn How to Put Gold In Your Self Directed IRA or How to buy Physical Gold Call Finest Known 1-866-697-4653 ------------------------------------------------------------- Please see risk disclosure link below. |
All rights reserved.
Risk Disclosure Privacy Policy Terms of Use Refund Policy