Assurance Trading Gold Industry Blog

Gold is soaring Monday, trading at $1131 per ounce. President Obama is in China, calling for a new relationship. New relationship, indeed! On the surface of this visit everyone is smiling. Immediately below surface the dollar is falling–again. China’s right, the U.S. government wants to inflate its way out of debt. Why does the Fed want inflation? It is very simple: If you carry a lot of debt, inflation is your friend. The dollar will not be.