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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.

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 this [3]this [4]this [5] and this [6].

Do Gold Prices Rise Whenever the Debt Ceiling is Raised? 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/

[8] The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher: http://www.prisonplanet.com/the-imminent-2-5-trillion-debt-ceiling-hike-will-unleash-a-gold-price-surge-to-1950-and-higher.html

[9] Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation: http://www.prisonplanet.com/goldman-forecasts-gold-rally-amid-debt-ceiling-confrontation.html

[10] Debt Ceiling Likely to be Raised Without Fanfare This Time: http://www.prisonplanet.com/debt-ceiling-likely-to-be-raised-without-fanfare-this-time.html

[11] S & P: America Could Default Even if Debt Ceiling is Raised: http://www.prisonplanet.com/s-p-america-could-default-even-if-debt-ceiling-is-raised.html

[12] Top Macquarie Strategist: Gold Is A Dangerous Bubble… And Prices Could Still Grow Many Fold From Here: http://www.prisonplanet.com/top-macquarie-strategist-gold-is-a-dangerous-bubble-and-prices-could-still-grow-many-fold-from-here.html

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