To understand gold is to understand war in in the Mid East.
This articled by Clif Droke on The Gold Price and War in the Mid East is an excellent read if you have decided to invest in gold after reading many of my gold articles.
An expert from his article :
” I received an e-mail from a financial professional this week that speaks to our question in this week’s commentary:
“Am concerned there is a real crisis brewing. Oil at $95; gold at $800 (and keep in mind that’s a suppressed price!) And Sec Lend [Fed securities lending] 4 days — is it in the last 10 days – we’re OVER TEN BILLION DOLLARS?! Is that a weekly all time all time record??!
“WHY??? Most peaks in gold are covered by a war or capped by a crash, eh?!”
Let’s examine the recent spike in the gold price before we attempt to find the answer to this question.
Gold closed at a 27-year high on Friday at $806/oz. That’s one of the highest levels seen since the all-time high was made in 1980. What on earth is the runaway gold price rise telling us?”
Clif is an excellent writer on gold and if you are interested, you might want to read the article, here.
