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Do Gold Prices Rise Whenever the Debt Ceiling is Raised?

Posted By admin On August 4, 2011 @ 3:20 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Aug 4, 2011

Garry White argues [2]:

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.

Gold at $2,000? I didn’t used to think so – but now I am not so sure. In fact, I’m almost convinced it will happen before the year is out.

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

For an in-depth background on gold prices, see this [3]this [4]this [5] and this [6].

Europe on Brink of Major Financial Collapse: Guggenheim CIO 150709banner2 [7]

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URL to article: http://www.prisonplanet.com/do-gold-prices-rise-whenever-the-debt-ceiling-is-raised.html

URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2011/08/does-gold-rise-whenver-debt-ceiling-is.html

[2] argues: http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8678682/Gold-to-hit-2000-before-year-end.html

[3] this: http://www.washingtonsblog.com/2011/07/top-reserve-managers-predicted-that.html

[4] this: http://www.washingtonsblog.com/2011/07/gold-demand-outstrips-inventory-for.html

[5] this: http://www.washingtonsblog.com/2011/07/even-ben-bernanke-admits-that-gold-is.html

[6] this: http://www.washingtonsblog.com/2011/07/fed-chairman-bernanke-says-gold-is-not.html

[7] Image: http://www.prisonplanet.tv/

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