Gold Market prices are very volatile today 9th December 2011 awaiting EU debt crisis news from meetings today in an attemp to find a solution to the moetary problems in the Euro Zone.

View Live Gold Charts throughout the day to keep an eye on the changing Gold price as todays EU meeting progresses. Gold Market Prices will change as volatile markets buy and sell today depending on which way they feel the EU solution will go. Please view related news below on the EU talks regarding the debt crisis and how it may affect the Gold MArket Price Charts throughout today.

Spot gold edged up 0.3 percent to $1,712.09 an
ounce by 0021 GMT, on course for a fall of nearly 2 percent on
the week, its third week of losses in the past four.
    * U.S. gold inched up 0.2 percent to $1,716.50.
    * The European Central Bank cut its benchmark interest rate
by 25 basis points as expected, but dampened hopes for further
bond-buying, unnerving markets just before a crucial European
Union summit.
    * European leaders agreed on new fiscal rules enshrining
tougher budget discipline on Thursday, an EU official said.

    * Besides the EU summit, investors will watch a spate of
data out of China, including inflation, industrial output and
retail sales later in the day, besides preliminary trade figures
on Saturday.

Inflation in 2012 will rise ever faster. Taxes will go up on the expiration of the Bush tax cuts. Over-taxed citizens will go to private trading and off-the-books black markets. Tax collections will fall dramatically since incomes do, too.

The USA Defense Department will be forced to undergo severe cuts and current Middle Eastern wars will cease, or slow temporarily until a newer, much larger World War III, begins in the aftermath of crashing economies.

We expect the current administration to be re-elected with later-on efforts to impeach the president that will fail. People will stop voting in droves.  For the most part, voters have lost all faith in their so-called leaders.

The US Post Office is under severe pressure but will continue delivering mail, eliminating Saturday delivery and certain office services.  Many rural post offices close for good and rural people must turn to private delivery and other arrangements. Delivery timing will slow considerably, on smaller budgets and fewer employees. Mail service and delivery goes on, albeit more restricted to higher population areas. Private delivery will increase.

Watch for public parks and facilities going into disrepair on falling budgets. Some parks may be closed for good and some might even be sold to private owners and developers. Interstate highways are sold to private toll-taking companies to monetize state-held assets for payments on ruined budgets.

The “Back To The Land” ideas are in full force. There are still enough oldsters around who remember the Dirty 30’s and extreme hardships many felt with a decade of no income. They will teach their kids and friends how to cope.

 Most anything consumers, individuals and families enjoy such as optional little pleasures like cable TV, internet, cell phones, package delivery and cleaning services will all diminish. One major dish TV provider just reported major service cancellations; I would guess mostly in rural locations where there’s no directly connected cable, or internet. Those in a lower income spectrum are just canceling services and making due by using their friends’ equipment, or by using cheap cell phones or snail mail.

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This entry was posted on Friday, December 9th, 2011 at 10:31 am and is filed under Featured Articles, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.