Bernanke Speech Supports Stronger Gold Coin Prices

Oct. 21, 2010 - PRLog -- Federal Reserve Chairman Ben Bernanke shifted the blame for the economy to the United States Treasury and Federal Reserve last week and pledged to do anything needed to help stimulate the economy. The comments helped support the price of gold coins, since Bernanke basically opened the door to additional stimulus efforts, including the printing of more dollars.

The continued devaluation of the dollar will further drive investors to buy gold coins. Investing in gold was very strong last week prior to the speech, with intra-day gold coin prices nearly hitting $1,390.

Bernanke commented that further stimulus actions will be dependent on economic data and the lack of inflation in September may force the Federal Reserve to create more dollars.

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