Tags: LIGNET | Central | Banks | Gold

LIGNET: Central Banks Will Force Gold Price Higher

Friday, 26 Oct 2012 12:16 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Image: LIGNET: Central Banks Will Force Gold Price Higher
Gold bars are displayed at a shop in Tokyo. The price of gold rose from $253 an ounce in 1999 to $1,895 in 2011. Some analysts say gold is set to rise again and could hit $2,000 an ounce in early 2013 as central banks keep interest rates low through quantitative easing. (YOSHIKAZU TSUNO/AFP/Getty Images)
Gold is no longer the “barbarous relic” that John Maynard Keynes, the famous economist, once described. In fact, it is now closer than it’s been in more than a half century to being perceived as “actual” money. And though it has risen in value 700 percent since 1999, it’s likely that it will go higher still as central banks do what central banks have never before done in the history of the world: attempt to steer the economy away from the brink by controlling the flow of money.

Click here to read the full analysis from financial expert and best-selling author Peter Warburton at LIGNET.com.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Russia Points Finger at US in Ukraine Crisis

Saturday, 26 Jul 2014 07:55 AM

Russia said Saturday that the United States bore some responsibility for the conflict in Ukraine though its backing for  . . .

Reps. Fleming, Sessions Spar Over House GOP Border Plan

Friday, 25 Jul 2014 20:27 PM

A proposal by House Republicans to slash President Barack Obama's emergency aid request to address the illegal immigrant . . .

In Gaza Lull, Residents Return to Destroyed Areas

Saturday, 26 Jul 2014 07:10 AM

Thousands of Gaza residents who had fled Israel-Hamas fighting streamed back to devastated border areas during a lull Sa . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved