Friday, February 01, 2013

Gold Higher as US GDP Contracts

GDP Contracts appx a 1/10%.  Gold and Silver wake up and move higher.  When the GDP is appx 12.5Trillion a 1/10% is quite a large amount,  Important to notice that the Federal Reserve keeps on printing money but has not helped.  Sounds Like they are just keeping the economy afloat. So what you need to know is Printing Money to increase growth in this environment will not work and cannot work because we are in a fiscal deficit of appx 1.3 trillion.  

by the way I do not recommend anyone to buy from GOLDLINE buying numismatic coins at a premium is almost always lost once you take possession.