All fiat currencies have always lost their value against gold over all of recorded history. This interest rate babble is meant to confuse and contribute to the prolonging of the current counterfeit scheme. Gold has no yield because it is real honest money.
Gold Pulls Back - Is There a Deeper Correction Ahead? [View article]
I would like to make the point that gold has no resistance now since it is at all time highs. Also with regards to your remarks that Chavez or an Iran invasion are the only things that could make them go higher, they are just silly. The Fed is dropping interest rates at the fastest rate in history, the dollar is collapsing to new lows, inflation figures are running away on the upside, we have an imploding financial system, and you are only worried about Chavez. Get serious and remember gold is not for trading
They are angry because it is against the law, and distorts and deceives for an evil purpose; the perpetuation of a fantasy fiat paper money system which is forbidden by the Constitution.
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