Whenever an investment of gold is made, it is a vote against central banks credibility with savers still further. It can also be considered a measurement of mismanaging of money by central banks.
Even if the American Government, in a last minute agreement that could avoid a shut-down, financial markets will still face the effects of a $16.8 trillion debt ceiling by the middle of October. It could cause major concerns for the next political stand-off.
Many analysts indicate with a soft dollar, with U.S. bond yields improving, which would support the gold prices. For investors who desire a safe investment during this time of uncertainty, should consider investing in gold according to the experts. As the dollar continues to face daily challenges, this will certainly have an impact on the direction of gold as a future provider of your retirement pension plan.
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Siobhan Hughes and Corey Boles contributed to this article on The Wall Street Journal
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All the Best,
Joseph F. Botelho One Gram at a Time
This is an interview that really will not go away, will have an impact! U.S. may have fallen over the Fiscal Cliff. http://t.co/61tn2qsLw2
— Joseph Botelho (@jfbmarketing) September 10, 2013