Economic Environment Seen as Positive for Gold

[tbird165]

The price of gold has seen a nice upswing in recent days in light of the resolution of the debt ceiling crisis and yesterday’s less than stellar jobs report. To begin with, last week Congress agreed on a bill to temporarily raise the debt seeing until February 7, 2014. What was particularly surprising about the bill is that it effectively allows for unlimited spending by the Treasury between now and early next year. The removal of spending restrictions has resulted in a weakening dollar and a strengthening gold market. Continued monetary easing by the Federal Reserve should continue to cause downward pressure on the dollar. While a weak dollar helps with the U.S. export market, it could cause some negative ramifications, such as future inflation and increased interest rates; especially if the Fed at some point begins to taper their bond buying program. - See more at: http://atlantagoldandcoin.com/economic-environment-seen-as-positive-for-gold/#sthash.sNo1SewZ.dpuf

[Daniel]

It never ceases to amaze me, Washington has access to the best economists on the planet but still can't make sound financial decisions. I just don't think we're getting the full story and either the media outlets are posting uninformed and biased information or they can't understand the facts, or both.

[dipper13]

Gold and silver, for that matter, are still artificially underpriced. The idiots in Washington continue to make poor decisions or do not care about consequences or are just pawns. The media is a rubber stamp for the real power brokers, those few huge corporations that get to buy everything that starts to fail. How can anybody talk about positives in this environment. Gold will explode, keep it or buy more.