As the middle east heats up and oil prices soar, the need to take shelter in certified gold investments becomes ever more urgent. Posted by James Randolph on February 28, 2011
Protect yourself from the juggernaut with certified gold.
February 28, 2011 – As the middle east heats up and oil prices soar, the need to take shelter in certified gold investments becomes ever more urgent. Bernanke, Inc., and its band of Wall Street outlaws are once again displaying their ignorance of the plight of everyday citizens and a total disregard for their wellbeing.
The dollar may be falling and stocks tumbling, but the market elite believe the Fed has strengthened the economy to a point where the oil price doesn’t matter. As reported in the Wall Street Journal, Ken Fisher, chief executive of Fisher Investments, says "The fact of the matter is, when the economy’s stronger, we use more gasoline and we buy more things from Tiffany at the same time." So, mister average American, keep up those purchases at Tiffany – and stop worrying about paying the mortgage and putting food on the table.
Despite the view from gilded boardrooms, “economic indicators like new home sales, jobless claims and durable goods orders, all released today, [point] to a slow, uneven recovery with little job growth,” says CNBC blogger Kelley Holland. The additional money it takes to buy gas for the car and oil for the furnace has to come from somewhere, and for most Americans that means putting off retail purchases.
“A spike in oil prices to $130 a barrel would lower U.S. industrial-production growth from roughly 5% annually to about 4%,” says Kelly Evans in the Wall Street Journal. The cost of that would eat up almost everything consumers gained from reduced income taxes.
As the Fed holds down interest based on gimmicked inflation numbers, investors are being drawn away to the currencies of more rational central banks that rely on headline inflation.
It seems there is no way to stop Bernanke’s juggernaut before it is too late, but we can prevent it from running over us with strong investments in certified gold coins.
Senior Staff Writer – Certified Gold Exchange