Post by
grassyknollguy on Jul 28, 2015 7:12pm
seriously ???
ABM Amro bank states that gold will decline to $800 over the years because the Greece situation has been settled and the US will raise interest rates ?? Does anyone believe that Greece will actually pay its debts ?? As to the US raising interest rates- that would mean that the US would have to finance or re-finance its debt at higher costs- if one factors into the generally accepted official debt of $18 trillion and then add in the accumulating and coming on-stream entitlements which will push the debt into the mid-20's trillions- just how is increasing the interest rate going to benefit the US economy-especially when the $US is currently trading at a premium right now?? Is anyone familiar with the term recession.
Comment by
tsoprano1 on Jul 30, 2015 9:43am
I agree. See no way that they raise rates with debt so high. As to rates going up at some time down the line, last 4 times rates have started being raised, gold went up also. Raising rates would actually help price of gold. But, the numbers on the economy that the fed keeps putting out are pure Be Ess. T