Asset and Wealth Protection
The price of gold rose for a second straight day on February 21, as a rally in the euro spurred by an agreement between European finance ministers and Greece helped to boost the value of the precious metal.
Steve Forbes — renowned businessman, editor, publisher and head of wealth magazine Forbes — knows a thing or two about money, and he said at a recent speaking event that he has a cure for the economy: a gold standard.
The price of gold held near 11-week high levels as the metal benefited from investor expectations that U.S. monetary policy will remain ultra-loose boosted traders’ appetite for the safe-haven metal.
On Jan. 23, the Chinese New Year began; it is the year of the Dragon. A symbol for good fortune and change, the dragon also stands for progression and perseverance. Given the fact that China has become such an important driver of global growth, it would certainly be good to get a little help from the dragon this year.
The Federal Reserve issued a statement on Wednesday saying that the economy of the United States has experienced moderate growth, despite slowing global economic growth, since the central bank’s Federal Open Market Committee met last month.
On Tuesday, the International Monetary Fund said that it predicts slowing global economic growth and a rising risk of global economic calamity if governments fail to act appropriately.
The price of gold hit a six-week high on Jan. 23, as the metal was pushed upward by a recovery of the euro against the American dollar
In 2011, financial markets were dominated by news surrounding the debt problems in the Western world, and markets saw record levels of volatility. The issues in Europe as well as in the United States are equally alarming, and the coming months will show us whether policymakers are able to stabilize the situation.
The price of gold rose to its highest level in five weeks as German economic data boosted the euro and Chinese trade data helped to push commodities skyward.
There are still people around who are wondering “if” or “when” the American dollar is going to collapse. But I can tell you that there is no if or when; the collapse of the U.S. dollar is happening right now. The depression it is causing is highly visible. The people are already in the streets: in the United States and around the world.