The US Federal Reserve unveiled a stimulus plan seeking to lower lending rates and spur economic growth with a US$400 bln program to sell short-term Treasury bills and buy long-term debt . However, annalysts feel the paln falls short of 2010’s US$600 bln bond-buying program that ended this year.
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Wednesday, September 28, 2011
Federal Reserve announces stimulus plan, oil falls, dollar strengthens
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For years the Federal Reserve has been weakening the dollar. A few weeks ago they reversed policy and began strengthening the dollar. Gold prices are collapsing daily, and those who invested into backing paper with gold will be faced with the coming collapse of gold prices. There's an article on Timberline about the collapse recently: http://goldinvestingnews.com/18223/gold-posts-worst-monthly-performance-since-the-2008-financial-collapse.html Your best option would be diversifying your portfolio as broadly as possible. Stocking all of your options into one/two assets maximizes your risk and dictates your finance according to the economic ups-and-downs.
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