The former central banker noted that gold, the price of which has been surging, still represents the ultimate means of payment. What is happening in that market is a signal there is a problem with respect to currency markets. He reckons the problem is not a large one, but the jump in gold prices could be the canary in the coal mine to keep an eye on.
Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (Public, AMEX:NG)
2 comments:
The Federal Reserve System Fraud is in fact much worse than what Ron Paul envisionned:
Is the FOMC Playing the Stock Market?
Then why has Soros invested so much in Gold?
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