As interest rates rise federal debt will be rolled over at higher rates, increasing the federal debt burden, suggesting a tipping point for Treasuries. Will the Fed try to suppress yields with printing more easy money?
Couple this with the outrageous demand for gold in the Asian giant and you have a "perfect storm" forming to drive gold's price higher.
Frank Holmes explores gold's bullish prospects...
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The Asian Giant Stampeding into Gold
Gold Prices Skyrocket To New Highs: The No. 1 Stock To Deliver Premium Gold Profits Right Now
Gold has risen steadily since the start of 2009, when it was trading at a bit less than $900 an ounce.
And gold's advance has accelerated of late. The price of gold increased 21% in the year's first half.
Many investors and investment pundits are claiming this gold-plated party is destined to end: When the Eurozone gets its house in order and our elected leaders in Washington finally reach a federal budget accord, these gloom-and-doomers say, the price of gold will plummet.
But I say they're wrong.
And gold's advance has accelerated of late. The price of gold increased 21% in the year's first half.
Many investors and investment pundits are claiming this gold-plated party is destined to end: When the Eurozone gets its house in order and our elected leaders in Washington finally reach a federal budget accord, these gloom-and-doomers say, the price of gold will plummet.
But I say they're wrong.
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