Keith Springer Author of Facing Goliath Featured in the August Issue of Futures Magazine on Gold

FOR IMMEDIATE RELEASE
Sacramento, California, United States of America (Free-Press-Release.com) August 5, 2011 -- SACRAMENTO, Calif. Aug. 5, 2011 – Keith Springer provides in-depth analysis on the debt debates affect on the gold market.

According to Michael J. McFarlin, reporter for Futures Magazine, “Gold recently made new record highs hitting prices over the $1,600 mark. With uncertainty manifest in almost every quarter of the globe, analysts doubt gold will give-up much of this new high-water mark.”

"Debt policies in the European Union and the United States were the latest catalysts for moves in gold,” said Keith Springer, author of Facing Goliath: How to Triumph in the Dangerous Market Ahead, and president of Springer Financial Advisors in Sacramento, CA. “Typically gold acts as an inflation hedge, but not currently. There are two major reasons people are buying gold now. The first is using it as a catastrophic hedge, but primarily now it’s acting as a third currency outside the euro and dollar.”

“As the European Union prints more money for the bailout, it devalues its currency,” he says. “The problem is that the United States is devaluing its currency as well. So where is an investor to go? Gold is the third currency.”

Springer says investors need to pay close attention to debt talks and warns that a third round of quantitative easing from the Fed could really push prices to the upside. He is targeting $1,650 by the middle of August and sees $1,800-$1,850 by the end of the year.

To view more print and TV media interviews with Keith, visit http://www.KeithSpringer.com and click the “in the news” link, email Keith@KeithSpringer.com or call (916) 925-8900. In addition to his work as an expert financial advisor, Keith provides customized mortgages and consulting for homeowners. This information can be found at http://www.KeithSpringerLoans.com.

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