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FED Warns Congress Economy Closing in on Fiscal

Last updated 5 years ago

According to the Federal Reserve Chairman, a fiscal cliff is imminent "when taxes rise and deep spending cuts kick in." As we have noted for over the past year, the government is in trouble and is looking to print more money. As the Government does this, the value of gold is likely to rise. Gold is precious for a reason, because it is finite. It is not a fiat currency like paper cash, which is why in uncertain economic times it's value usually increases.

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