The Federal Reserve Cannot Solve The Problem: They Throw Gasoline on the Fire!
Filed under: Business, News | By: Roy
Posted on: September 12, 2007 | No Comments
There are many different opinions regarding the Federal Reserve. Generally, people seem like the Fed when things are going smoothly, but when the going gets tough, people look to the Fed and its current Chairman, Ben Bernanke to solve all the problem.
A recent article in The Gold Prices Newsletter has suggested that the Fed has no idea how to solve the current financial crisis and they are in fact making it worse.
“The Federal Reserves answer to the problem caused by too much money in the system is to print more money. Further dilution of the once almighty dollar continues with it dropping two cents over the last three weeks for a loss of 2.4%. On the other hand gold has gained $40.00 over the same period for a gain of 6%, and gold stocks are up even more.”
Do you think the Fed can solve the financial troubles of the market?
Or should investors flock to gold to protect their wealth and profit from a potential crash?
Investing in gold looks to have been the winning strategy so far, with gold bullion trading near record highs at $711 per ounce and some gold and silver stocks are making all time highs.
What do you think about this?
Read Full Article from The Gold Prices Newsletter
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