Reserve Chairman Ben Bernanke recently expressed some confusion about increases
in gold prices.
to a recent story in The Wall Street
Journal, Bernanke said, “I don’t fully understand movements in the gold
deficits and billion dollar gifts to Wall Street bankers should have no
paying attention to the Federal Reserve’s massive bailouts gifted to super-rich
bankers, it’s small wonder that world investors have started bidding up gold’s
price – they’re sick of working hard for dollars while the Fed gives them out
for free to the world’s elite financial institutions.
wake-up call for Ben Bernanke, Timothy Geithner and President Obama: deficits
do matter! Recent polls suggest that
deficit spending is now the #1 issue on voters’ minds. Willingness to print the
dollar into oblivion will continue to be matched by a stronger and stronger
bull market in gold.
advantage of this bull market, Ian Wyatt, the Chief Investment Strategist at
Wyatt Investment Research, has written a full report about his favorite
American gold company. This company has
over $20 billion in proven gold reserves, with a market cap of around $200
million. Even if this company only mines
1% of its reserves, it could double its current share price.