US warships and military personnel moves to Libya
Gold price exploded overnight moving to new highs of US Dollar $1436.20 as Libya disintegrates into Civil War. Defense Secretary Robert Gates announced for U.S. warships and military personnel to head to the Mediterranean Sea near Libya. Overnight investors dumped the US Dollar and took safe haven with gold as the US Dollar continues to lose its value.
With the comments passed by the Federal Reserve Chairman Ben Bernanke to the US Senate ?that there were a number of practical issues that would prevent the return of gold as the world standard. Namely, there's not enough gold in the world to effectively support the U.S. money supply?. These comments from Ben Bernanke sent shockwaves in the precious metal market with investors buying gold at unprecedented levels.
Use this limited time to safe guard your investment portfolio with gold and other precious metals as paper currency continue to lose its value.
p.s where's the poster who told me that Egypt's turmoil would have no effect on the price of gold?
gold soars....article
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