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Obama Begs In China As Gold Rises - Mike Swanson (11/18/09)

Submitted by Mike Swanson on Wed, 2009-11-18 08:45.

This week as Obama travels to China to talk to Chinese leaders about financing the US exploding budget deficit and gold exploded in value - AGAIN.

Just a few months ago gold was under $1,000 an ounce and many people were calling for a big drop in gold prices. Just two weeks ago many called for a bottom in the dollar.

All of these people have been wrong.

Gold is going up. It's up today. It will be up even more before the year is over.

That's just the way it is. You either sit and watch it happen or you make money from it.

On CNBC Peter Schiff had this to say about Obama and gold:


This is a good time to look over your portfolio and seek out good 401k advice if you are a long-term investor.

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