| From Commodityonline.com: Gold is approaching $1,300 an ounce for good reason. The Obama administration has flooded the world with greenbacks and Treasuries, global investors have little confidence in the management of the U.S. economy and investors have taken refuge in gold.
Since U.S. President Barack Obama took the helm, the U.S. trade deficit increased 60 percent. At more than 3 percent of gross domestic product, the trade deficit drains off more demand for U.S. made goods and services than the president's stimulus spending has added..............................................Full Article: Source
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