Silver Explodes, Gold Surges Higher on Fed Money Printing FirestormCommodities / Gold and Silver 2010 Nov 10, 2010 - 09:08 AM GMT
The precious metals markets are going wild even as I write these words.
This is precisely what we recommended investing in with our online presentation that so many investors are rushing to view right now.
And right now, on the spot markets …
• Silver has exploded to $29.03 per ounce, up a full $1.60 — a massive rise of 5.8% just today alone.
• Gold has surged as high as $1,424 per ounce, its highest prices of all time.
• Platinum has been as high as $1,805 per ounce, closing in on the $2,000 level for the first time in the history of any precious metal.
But now, it’s no longer just Bernanke’s $600-billion-money-printing scheme that’s spooking the markets. It’s also the …
International Furor and Blind Rage He’s Triggering Around the World!
Germany’s Finance Minister Wolfgang Schäuble, says, “U.S. policy is clueless.”
China’s Finance Vice Minister Zhu Guangyao says that the U.S. is ignoring ” … its responsibility to stabilize global markets and did not think about the impact of excessive liquidity on emerging markets.”
Russia has joined the assault with officials saying the U.S. Fed should ask permission from other G-20 members before cranking up the printing presses. “Russia’s president will insist,” says the statement, “that such actions are taken with preliminary consultations with other members of the global economy.”
Brazil’sFinance Minister Guido Mantega has warned of a global currency war and predicts the Fed’s move will be ineffective, saying, “Throwing money out of a helicopter doesn’t do any good.”
South Africa’s Finance Minister Pravin Gordhan, a prominent voice among finance officials from emerging economies, said the Fed’s move was “disappointing” and that it undermines the whole spirit of the G-20 meetings.
DallasFed President Richard Fisher, a frequent critic of Fed policy is warning that QE2 risks further declines in the dollar, more market speculation, higher commodity prices and a loss of credibility for the Fed.
Even Sarah Palin is publically demanding that Fed Chairman Ben Bernanke “cease and desist!”
Investors hate this controversy and turmoil. When they see it boiling up, they naturally rush to silver and gold.
Plus, in addition to the precious metals, this is generating enduring, long-term opportunities in emerging markets, currencies and more.
Make no mistake: This intentional gutting of the U.S. dollar’s value will be THE #1 factor in every investment decision you’ll make for the next two years and beyond.
The time to protect your wealth is now. The time to harness this trend to go for substantial profits is also now.
Turn up your computer speakers and go to this page for the comprehensive audio-visual presentation we’ve crafted to help you protect your wealth and profit.
This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com.
© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.