jimschweizer
If I don't die by Thursday, I'll be roaring Friday night.
gold
This seems counter-intuitive. Gold prices fell to a five-week low in New York after U.S. inflation accelerated last month meaning the Federal Reserve will most likely quicken the pace of interest-rate increases. Usually, if you have inflation and rising interest rates, people buy gold as a hedge against the value of fixed-income assests losing ground. That drives the price up.
Gold is now trading around $425 an ounce. The last time the US economy faced inflationary pressure, gold futures surged to $873 an ounce (that was in 1980.) I guess gold hasn't been such a great long-term investment after all. But maybe it's time to look for some short-term gains... hmmmm
Gold is now trading around $425 an ounce. The last time the US economy faced inflationary pressure, gold futures surged to $873 an ounce (that was in 1980.) I guess gold hasn't been such a great long-term investment after all. But maybe it's time to look for some short-term gains... hmmmm
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