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.
Central Bankers are flummoxed.
Having cut interest rates over 600 times since 2009 (and printed over $15 trillion), they’ve yet to generate the expected economic growth.
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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
Submitted by David Stockman via Contra Corner blog,
The Fed pricked the financial bubblethis week as expected. Janet Yellen’s press conference couldn’t have been more perfect for our investment thesis at my new research publication, Stockman’s Bubble Finance Trader. It confirmed that the money printers have come to a stark dead end.