There seems to be a major disconnect in the financial world today about what drives the prices of commodities. This ignorance has been displayed through some well intentioned financial “experts” who have gone on record saying that gold and silver prices are in a bubble and have reached their peak. Typically, these financial prognosticators point to the fact that thus far, investors who have bought gold and silver have done so out of fear and that once the economic recovery takes hold, the metals will fall as investors relax and go back to more sane investments like mutual funds. While I agree that precious metals prices have risen dramatically over the last several months, I believe those who dismiss gold and silver do so to their own peril.
This little band of gold enthusiasts started out few in numbers a few years back but has made a parabolic move over the past year or so much like their projections for the future price of gold. They now number an unbelieveable 108 who have stated, with sound reasons in their opinions, why gold could quite possibly go to a parabolic top of at least $2,500 an ounce – to even as much as an unimaginable $15,000 – before the bubble finally pops! In fact, the majority (65) maintain that $5,000 or more for gold is likely. In this article I identify those economists, analysts and financial writers and provide the URLs of their articles so you can ascertain for yourself their logic for such parabolic moves in the years to come. www.munKNEE.com.
China is booming. Despite what you may hear from the financial news, the numbers simply speak for themselves. China’s unprecedented economic growth and the projections for future growth are simply astounding. It is estimated that by the year 2030 China’s urban population, (not counting those living in rural areas) will reach the one billion mark. And based upon current projections, by 2025, China will have over 215 cities with more than one million inhabitants each – compared to 35 in Europe today.
Recently, the Federal Reserve was ordered to disclose documents that specifically identify financial institutions that might have collapsed without aid from the 2008 bailout program.
The order, issued by the U.S. Court of Appeals in Manhattan, marks a new development in the ongoing legal battle between Bloomberg and the Federal Reserve. This ruling upheld a previous order from August 2009 that ordered that the information be released.
This unusual legal struggle began on November 7, 2008 when Bloomberg filed a lawsuit under the Freedom of Information act against the Federal Reserve Board of Governors, demanding that the Fed release the names of private financial institutions that received public bailout money.
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