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> Fiscal Armageddon Looms!?
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Posted: 08-Apr-2011, 08:04 AM
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"(Kitco News) -Comex gold futures are trading higher Friday morning and hit yet another all-time record high of $1,474.50 as of this writing. Meantime, Comex silver futures have notched a fresh 31-year high and have moved above what was psychological resistance at $40.00 an ounce. An erosive U.S. dollar index and rallying crude oil market are bullish factors helping to propel the precious metals. Comex June gold last traded up $12.60 an ounce at $1,471.90. Spot gold last traded up $12.70 at $1,471.50."

Those who bought either metal 6 years ago have done well. With silver, very well. Inflation could well wipe out wage earners in the future. What we are observing now can be traced to the fed reserve's loose monetary policies.


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