Does a June rate hike spell doom for gold?

From Dr. Steve Sjuggerud, Editor, True Wealth Systems:

Here we go again…

The Federal Reserve is threatening to raise interest rates again.

This time, they tell us, the rate hike could come as soon as June.

This has gold investors worried…

“Gold slides on Fed rate hike expectations,” read a headline on CNBC.com yesterday.

Should you worry?

In short, no…

The last time the Federal Reserve raised rates was from 2004 to 2006. Rates went from 1% all the way to 5.25%.

If gold was truly affected by the Fed raising interest rates, then you would think that the dramatic move we saw from 2004 to 2006 would have a devastating effect on the gold price… right?

You’d be wrong. Gold was unaffected. Its price just kept going up while the Fed was raising interest rates. Take a look:

Specifically, exactly one year after the Fed’s first interest-rate hike in…

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