As European banks scramble for more capital and China continues to hoard gold, more and more people are looking into precious metals investments. For once, most commentators seem to agree with Peter Schiff that the price of gold is still far from its peak. Jeff Clark of Casey Research explained the relationship between monetary policy and the price of gold in the November edition of Peter Schiff’s Gold Letter:
“There are plenty of long-term charts that show a connection between gold and various other forms of money (and credit). Most show that one outperforms until the other catches up. But let’s zero in on our current circumstances, namely the expansion of the US monetary base since the financial crisis hit in 2008.”
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Monetary Policy and the Rising Price of Gold
As European banks scramble for more capital and China continues to hoard gold, more and more people are looking into precious metals investments. For once, most commentators seem to agree with Peter Schiff that the price of gold is still far from its peak. Jeff Clark of Casey Research explained the relationship between monetary policy and the price of gold in the November edition of Peter Schiff’s Gold Letter:
Continue reading here…