The Gold Prices Newsletter

The Federal Reserve: The Greatest Scam In History (revision B) Posted: 19 Mar 2009 05:22 PM PDT We first posted this article on 13th August 2007 when it appeared to us that the US Dollar along with the economy was heading into such dangerous waters that gold would be the beneficiary. At the time gold was trading at around $670/oz and it closed yesterday at $960 for a gain of $290 or 43.2%. Yesterday was the first time that we have seen the ‘C‘ word used as the Federal Reserve announced that it would be buying back $300 billion in longer-term Treasuries in order to assist the economic recovery. This move to buy these Treasuries is regarded by many as a last resort or a sign of panic as the turmoil in the financial markets reaches a crisis point (more…) Related on Gold Prices: The Federal Reserve: The Greatest Scam In History? The Federal Reserve: The Greatest Scam In History? (Revisited) How Far Will The Fed Go? A Monster day for Gold and Silver Stocks! The Fed has Spoken! Also See: Uranium Stocks news and information on profiting from uranium stocks, future outlook for uranium prices and more Silver Prices for silver news and reports with real time silver prices and charts

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