In this Era of America Deficits one man who knows how to finance a deficit has to be Alan Greenspan. The following old cartoon explains it all:-
Image courtesy of Wallstreetfollies
Dont Stop Printing that money, Alan. We?e depending on you!
written by Constantine Njeru
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Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.
Jim Rogers Gold price prediction
Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.
Jim Rogers on what is driving the price of gold
- Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
- The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
- The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.
Read the whole Jim Rogers interview at this businessweek article.
written by Constantine Njeru
\\ tags: Amp, Businessweek, Central Banks, Currencies, Gold Demand, Gold Price, Guru, Herd Mentality, International Commodities Index, Jim Rogers, Next Decade, Ounce, Price Of Gold, Printing Money, Real Assets, Rogers International Commodities Index, Thousand Dollars