Gold Prices – Bargains in the Precious Metals – but Only for Americans
In this SGT Report video Gold Core Founder and Research Director Mark O’Byrne talks about gold prices, worldwide economic realities, and what emerges is the truth about gold. When you look at the performance worldwide against various world currencies like the Pound, Yen, Euro, Ruble, local fiat currencies in the Ukraine, Greece, etc we find that the gold prices have actually climbed far higher during the past twelve months when priced in just about any currency other than the American Dollar. Gold is up more than 14% when priced in Japanese Yen. It’s up more than 12% in the Euro, 5% in the British Pound – but only half a percent when priced in the surging US Dollar. The strong dollar is making precious metal bargains for American Dollar holders. There are very significant demands for gold from Russia, China, India. As conditions from the tremendous world debt that has been generated by various governments, the tremendous fiat currency printing worldwide causes more stress, and more cracks appear this bargain sale of the precious metals for Americans is likely to evaporate.
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Music: “The Complex” by Kevin MacLeod (incompetech.com) Licensed under Creative Commons “Attribution 3.0” http://creativecommons.org/licenses/b…
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Video Rating: 4 / 5