LONDON, 29 April 2011 - World No.1 gold ownership and trading service BullionVault features in a run of precious-metal news stories from leading US finance site, TheStreet.com.
"You'd almost think Ben Bernanke wants Americans to dump the dollar and switch into precious metals," it quotes Adrian Ash, head of research at the West-London based company today.
"Last time gold and silver were making headlines like this," Adrian told TheStreet yesterday, "the Volcker Fed actively moved to block speculation in gold and silver futures, hiking interest rates to double-digits to kill the 'inflationary psychology'.
"Whereas [now], and keeping rates at zero, the Fed hiked its 2011 upper-inflation forecast to 2.8%, but the GDP data already put domestic price rises up at 3.4% annualized."
You can read Adrian's comments on what's driving the current action in gold and silver at TheStreet's website here and here...
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