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Posted by JazminAdriana on 21st Apr 2012
I think that the government's done to meattpt to support the economy is making things much worse actually. They have wasted trillions of dollars bailing out creditors and shareholders of failed institutions with broken business models. And this is going to lead to massive problems down the road with regard to our currency and interest rates, in my opinion. And I think that the gold price breaking out to a new high is a strong indication of the reduction in faith and confidence that people have in governments and their fiat currencies. So for most people one of the few ways to protect themselves from these risks is to invest in gold related assets. One gold mining company that I particularly like is Premier Gold because it offers a lot of leverage to the gold price. There is a good article here called Premier Gold Aims for Multi-Million Ounce Deposit at Hardrock</a> which discusses one of the gold mining company's recent high grade gold discoveries at its Hardrock project in Canada. I think this company will continue to benefit from the Federal Reserve's inflationary programs and money printing because of a higher gold price.