The Golden Age

Takeaway: Gold ($GLD) will likely continue its meteoric rise as central planners devalue the dollar and perpetuate quantitative easing.

Hedge funds and mom and pop retail investors are big fans of gold and particularly the SPDR Gold Trust ETF (GLD). Since the beginning of September, the US dollar has been devalued by Ben Bernanke and the Federal Reserve's policy of easing and market intervention. As a result, gold has enjoyed an extensive climb over the same time period and has really taken off since August. The question remains: when will Americans demand a stronger US dollar?

 

The Golden Age - GLDversusDOLLAR


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