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Thursday, March 22, 2012

Gold is Money

Gold is Money it retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy. Investor demand for gold has increased tenfold in 10 years indicating that the commodity is entering a new phase of the gold bull market as China and India drive demand. The price of gold has also been affected by global monetary stimulus programs and the exchange rate between gold and paper is expected to rise even further, with analysts predicting that the next 12 month target for gold will be USD 2,000.

In Gold We Trust: The Future of Money in an Age of Uncertainty
The Economist has published a new book, authored by Matthew Bishop, American Business Editor, on gold and the future of money. "In Gold We Trust" is available globally on Amazon as a Kindle Single.

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