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Do Gold Prices Rise Whenever the Debt Ceiling is Raised?

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Washington’s Blog
Aug 4, 2011

Garry White argues:

There is … an uncanny correlation between the gold price and the US debt ceiling. Over the past 30 years, the gold price has tracked the ceiling whenever it has been raised.

Do Gold Prices Rise Whenever the Debt Ceiling is Raised? gold 1962975b

Do you think the chart shows a strong correlation or not?

For an in-depth background on gold prices, see thisthisthis and this.

Do Gold Prices Rise Whenever the Debt Ceiling is Raised? 150709banner2

This article was posted: Thursday, August 4, 2011 at 3:20 am





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