Gold is up 130% in the past five years, 29% in the past two years and broke through $1,000 an ounce last September and then tacking on another 20% from there. 

Why will gold continue  to rise?  The basis of gold moving upwards is chiefly predicated on the U.S.’s serious financial heartaches, chief among them being:

–A soaring $12 trillion of debt.

–A ballooning $1.5 trillion budget deficit.

–Non-non-stop debasement of our currency by round-the-clock money printing by the Federal Reserve.

–A growing international lack of confidence in the greenback.

–The prospects that a number of countries, among them China, Japan, India and Russia, may no longer buy U.S. treasuries.

Tags: gold as an investment, Gold News

This entry was posted on Tuesday, December 22nd, 2009 at 2:26 pm and is filed under Gold News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.