YAWN, It’s the Fed Again – Gold Goliath

Posted on :Oct 28, 2015

Gold is making gains in early a.m. trading Wednesday as the U.S. dollar index hits a daily low. Gold last reported a.m. is $1182.20 and silver is up at $16.32.

It should be no surprise that stocks are rising as Wall Street awaits the announcement from the Fed as to whether or not they will raise interest rates. The Nasdaq gained 0.21%, the Dow added 0.15% and the S&P is up 0.13%.  After a two day meeting filled with filet mignon and the finest of caviar, the Fed will grandstand later today feeding the desires of market watchers who love having their ears tickled.

Don’t expect any real change in Fed direction though as poor U.S. economic numbers will continue holding the Fed in check.

On a lighter note, John Boehner is pushing for a Wednesday vote on a new budget deal that will increase the debt ceiling by $50 billion this year and $30 billion the following year. Call us paranoid but does it seem to anyone else that Washington and it’s lofty politicians still can’t understand our nation is bankrupt because of their lavish spending and borrowing habits.

On behalf of the 94 million unemployed Americans and those who are working part-time jobs at poverty level wages we want to say, thank you Washington. Oh well. we guess we’ll manage somehow.

It’s time to look past the smoke and mirrors and see what is really happening on the global economic scale. As economies see downturn after downturn, governments answer the volley with more borrowing, it’s their only answer folks.

We don’t have to be victimized by market schemes designed to fleece working class citizens as long as we can hold tangible assets like gold and silver.

It’s time to protect our assets while they remain ours. Give us a call at 1-800-577-3195 Ext #1 to speak with a sales consultant. You can even own real physical gold and silver in your IRA.

Gold Goliath is not your typical gold dealer.

Visit Us On FacebookVisit Us On TwitterVisit Us On Google Plus