A value oriented investor in search of a balanced investment portfolio in cronic boom-bust world economy..
Wednesday, May 12, 2010
Gold price soaring
ECB seems to follow FED on kind of operations not really supporting the currency like buying "toxic" assets. It may be just a matter of time when the "printing presses" will be turned on. You can roll over the debt from one "credit card" to the next quite long, but not indefinitely.
I guess this is one reason why gold price is soaring: