Gold: The Secret Investing Weapon
Franklin D. Roosevelt and his economic advisers targeted gold as the key component for the New Deal . He and his adminastration knew how vital it was to rid the public of gold for a centrally controlled monetary system.
However, as if is often the case, gold did not go away, instead it found a secret market. Savvy investors around the world know that no politician will wipe out history. Gold stayed prefered investment, but it was very limited in scope.
Gold remains a chic investment for the wealthy, but now it is seeping back into the common investors mindset and that is a good thing.
The evidence of this can be found in the fact that the US Mint has temporarly shut down production of the American Gold Eagle. The question of course is why?
There are two possible reasons for the temporary halting of production. The first is a simple lack of gold to produce the coins. The other could be the desire of the US government to control how much gold is going into the market. The answer likely contains a touch of both.
Regardless of the reason, it clearly points to a high demand for the precious metal and signaling that gold despite years of attacks by the government and its minions in the investment world, remains a highly desired commodity.
The question is how long will the government allow the market to expand upward, before action is taken? That is a question nobody can answer.
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Comments
Good article and the price is still going up too. thanks for that
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