Threat of Syrian attacks drive up gold and silver

Posted | 29/08/2013 / Views | 1775
Back to News
Next Article

Threat of Syrian attacks drive up gold and silver

Anyone watching the gold and silver prices late yesterday afternoon would have been quite excited as they sky rocketed (along with oil) and boosted more by a falling AUD all on fears of a Syrian attack.  The hysteria passed over night and prices settled (or were forced) back down.  Look beyond Syria per se though.  We post news that outlines the precarious nature of the global economy daily.  It is a grossly over inflated balloon waiting for one event to pop it.  That could be Syria, that could be a major bank default, it could be China dumping its Treasuries to bail out its own debt crisis, it could be any number of events and each one would likely see gold and silver sky rocket again without the means to suppress it. PS if you want a very sobering 133 second lesson on the US in Syria watch this…