Gold Reacts and Mining Sector Benefits

Theaureport.com reports that gold is expected to double or more in price in the not-too-distant future.

The editorial is quoted as saying:

The deficit problem is very significant. Deficit spending is not working. So, ultimately, we have to grow out of this economic malaise, but right now organic growth doesn’t look like a plausible solution to the problem. I think the Obama administration has realized this. I’m not sure the Republicans have a better approach. In fact, in a way, I hope they don’t win the House back because I’m not sure they have a plausible solution. From an investment perspective, people are seeking assets other than Treasuries in which to invest.

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