January 22nd – the European Central Bank announce that they will print over 1 Trillion euros to buy 60 billion euros worth of soverign bonds every month, for the 18 months )march 2014 – September 2015) See full story here at Bloomberg.com
George Soros, the billionaire investor announced that he strongly feels such action will “divergence between rich and poor bigger than it already is” He continued, “It will benefit the owners of assets and actually wages will remain under pressure through competition and unemployment.”
That benefit on assets has already started, with the price of gold increasing 3% in Euro terms, in just one day. (you can see how gold has increased over the past few months, and continues to do so on our precious metals price page)
So what effect has this actually had on the price of gold? Gold has returned to its key mark price of $1,300 and experts are already stating this is just the beginning.
If you are interested in looking at the investiture of gold further, check out our gold reviews.