5 Key Charts Show Rising Interest Rates Good For Gold Bullion
Gold fell to the lowest level in dollar terms since 2009 yesterday after the Fed’s “historic” 25 basis point interest rate rise on Wednesday. The rate hike has been heralded as the “end of cheap money.” This may or may not be the case but what is more important for precious metal buyers is the impact of potential rising rates on gold prices.
“It is not in doubt. ISIS is almost finished. They are weak. If only America would stop supporting them, we could defeat them in days.”
That’s a quote from Mustafa Saadi, a Shiite commander who participated in the fight to retake the ISIS-controlled Baiji refinery near Siniya, Iraq in October.
Hold your real assets outside of the banking system in a private international facility --> http://www.321gold.com/info/053015_sprott.html
The Fed Rate Hike: the Torpedo is Launched
Posted with permission and written by Bullion Bulls Canada, Jeff Nielson (CLICK FOR ORIGINAL)
By Peter Schiff of EuroPacific Capital
Mission Accomplished
The United States has built permanent base infrastructure in every Persian Gulf country except one -- Iran. The U.S. government gets agreements with undemocratic and often despotic states like Saudi Arabia, Qatar and Bahrain to build bases and in return remains silent to their human rights violations.