Green Light Turns Yellow

The Federal Reserve and the European Central Bank had both given the go-ahead for higher gold prices… until Ben Bernanke’s testimony before Congress and a key announcement from the Federal Open Market Committee brought about a swift reversal.

The Oil Conundrum Explained

Oil as a commodity has always been a highly valuable early warning indicator of economic instability. Every conceivable element of our financial system depends on the price of energy. High energy prices derail healthy economies and completely decimate systems already on the verge of collapse. Oil affects everything.

Gold Prices Rise As Euro Increases Ahead Of ECB Financing

The price of gold rose on February 28, as a drop in the value of the American dollar coupled with gains made by the euro pushed the precious metals market skywards.

Signs To Watch For

Dear Bob,

I am an enthusiastic reader of your information. But I am left with frustration. Thanks to you, I have an adequate supply of essentials including food, vitamins, gold and silver. I am 77 years old. I live alone and practice full time. I am blessed with excellent health.

I have four desperately important questions:

1. Can I feel “safe” with my retirement funds in bank holdings with Merrill Lynch? I am not comfortable with European currencies, even Swiss, because of the turmoil in Europe. The thought of government confiscation of my funds or having my money become worthless is terrifying.
2. What I need is a sign of the approaching doom. I know of nothing to watch except the banks closing their doors. What businesses will be able to function?
3. I have family with their homes “under water” and unable to re-finance without enormous up-front funds. Is there any temporary safe haven to save their homes?
4. How will we pay bills? Especially big mortgage and insurance payments.
   

Bob , I am simply asking for some signs to watch for to help me sleep better and not wake up in terror.

I need a good word from the Master (YOU) before I invest in your CD- Seminar packages. Thank you for your wonderful Christian philosophy.

Respectfully,

Jean Alice Lord, D. C.

Gold Prices Rise After Greek Debt Deal Boosts Euro

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.

Forbes: Gold Standard Inevitable If Economy Is To Be Fixed

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.

Gold Prices Hold At 11-Week High

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.

China In 2012: Growth Driver Of The World Economy?

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.

Fed: Rates To Remain Low Into 2014

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.

IMF: For 2012 China Dominates Global Economy, U.S. Stalls, Europe In Decline

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.