21 Jan – 22 Feb
$500 Contest
Fxprizes
Former Mint Director Sees Gold Climbing
While Fed Balance Sheet Hits $3 Trillion
Gold and Silver prices retreated on Thursday, as the price to invest in Gold eased 1.01 percent or $17.00 to close at $1,667.00 an ounce, after a better than expected initial jobless claims report. The price to invest in Silver dipped 1.83 percent or $0.59 to close at $31.59 an ounce, while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, rose to 52.77 as Silver under-performed Gold.
The Fed's balance sheet topped $3 trillion, for the first time in history, this week, after it started its latest round of quantitative easing (QE3) by purchasing $40 billion of mortgage backed securities (MBSs) each month beginning back in September, 2012, and adding another $45 billion in Treasuries starting this month, for a total monthly outlay of $85 billion each month. The Fed has tripled its balance sheet since the start of the financial crisis, when it stood at $924 billion on Sept. 10, 2008, just one week before the Lehman Brothers crash.
Morgan Stanley says the Fed will most likely maintain two more years of asset purchases to bolster the recovery, while Gold is expected to rally this year and next. “We expect that very low nominal interest rates, an ongoing commitment to QE3 and a below-par recovery with attendant pressure on the dollar will still combine to encourage investment buying of Gold,” said Morgan Stanley on Thursday.
Meanwhile, Edmund Moy, former director of the U.S. Mint and now chief strategist at Morgan Gold in Irvine, Calif., says the Gold price will continue to climb alongside the debt ceiling. "Gold should go up when the debt ceiling gets raised, but investors should expect a lot of volatility," said Mr. Moy. The director went on to explain that investors should not expect a sudden spike in the Gold price when lawmakers finally agree to raise the borrowing cap.
The greater point Mr. Moy is making here is that "Gold should keep rising until the U.S. gets its fiscal house in order." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
21 Jan – 22 Feb
$500 Contest
Fxprizes
INVATA SA TRANZACTIONEZI GRATIS PIPSI IN FOREX
$500 Contest
Fxprizes
Former Mint Director Sees Gold Climbing
While Fed Balance Sheet Hits $3 Trillion
Gold and Silver prices retreated on Thursday, as the price to invest in Gold eased 1.01 percent or $17.00 to close at $1,667.00 an ounce, after a better than expected initial jobless claims report. The price to invest in Silver dipped 1.83 percent or $0.59 to close at $31.59 an ounce, while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, rose to 52.77 as Silver under-performed Gold.
The Fed's balance sheet topped $3 trillion, for the first time in history, this week, after it started its latest round of quantitative easing (QE3) by purchasing $40 billion of mortgage backed securities (MBSs) each month beginning back in September, 2012, and adding another $45 billion in Treasuries starting this month, for a total monthly outlay of $85 billion each month. The Fed has tripled its balance sheet since the start of the financial crisis, when it stood at $924 billion on Sept. 10, 2008, just one week before the Lehman Brothers crash.
Morgan Stanley says the Fed will most likely maintain two more years of asset purchases to bolster the recovery, while Gold is expected to rally this year and next. “We expect that very low nominal interest rates, an ongoing commitment to QE3 and a below-par recovery with attendant pressure on the dollar will still combine to encourage investment buying of Gold,” said Morgan Stanley on Thursday.
Meanwhile, Edmund Moy, former director of the U.S. Mint and now chief strategist at Morgan Gold in Irvine, Calif., says the Gold price will continue to climb alongside the debt ceiling. "Gold should go up when the debt ceiling gets raised, but investors should expect a lot of volatility," said Mr. Moy. The director went on to explain that investors should not expect a sudden spike in the Gold price when lawmakers finally agree to raise the borrowing cap.
The greater point Mr. Moy is making here is that "Gold should keep rising until the U.S. gets its fiscal house in order." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in Gold and invest in Silver and protect your wealth in 2013.
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
