Gold price will Shoot up more

Gold price will shoot up more…

Gold price will shoot up more on the fear of the US Government printing more uS $ 500 Billion in November 2010.

Inflation fears are heating up this week as Fed Chairman Ben Bernanke gave a speech in Boston on Friday, causing further frantic flight into gold by those fearful of the coming “quantitative easing” the Fed is set to deliver in November. Others who view gold as a short term investment engaged in immediate profit-taking after Bernanke’s speech.

Investors invest in gold as the insurance against the bad monetary policies.

Many people around the world think that the gold price will come down and they will buy more gold. But well, let me tell you that unless the US government won’t stop printing money out of thin air, the gold price will never come down.

So if you want to protect the purchasing power of your hard earned saved money than buy gold out of it. Don’t keep money into your savings account. Because it will loose its purchasing power because of high inflation.

US Government is planning to weaken the US Dollar by diluting its purchasing power.

So buy Gold right now and protect your wealth against higher inflation.