Gold, Silver And Oil Are All Skyrocketing And That Is Bad News For The U.S. EconomyApril 7, 2011
The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price of oil is also continuing to relentlessly march upwards. At last check U.S. oil was at about $108 a barrel. All of this is great news for those that are investing in gold, silver and oil, but all of this is also really bad news for the U.S. economy. Why? Well, because when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse.Traditionally, there has been an inverse correlation between the price of gold and the value of the U.S. dollar. Usually when the U.S. dollar goes down, the price of gold goes up.
One of the main reasons why gold has been so strong over the past year is because the U.S. dollar has been rapidly losing value.
So why is the U.S. dollar declining?
Most economists point to all of the quantitative easing that the Federal Reserve has been doing.
So exactly what is quantitative easing?
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