I've had a long discussion with a Keynesian about the issue of money lately. He maintained that the 2% annual inflation goal of the FED (and many other central banks) would ensure "price stability". I told him that he doesn't understand simple math and that 2% annual inflation annihilated the...
Fed Moves Toward Open-Ended Bond Purchases to Satisfy Bernanke
Federal Reserve Chairman Ben S. Bernanke says the U.S. economy is “far from satisfactory.” His colleagues are moving to...
Trader Dan posits that the GSR will fall as inflation expectations grow. Essentially, (explicit) QE3 = silver rocket fuel.
Combined with Sprott's buying spree, we may indeed see a replay of early 2011.
I know I'm seeing the world with gold and silver colored glasses, but seems to me there is a "more solid" vehicle for preserving and protecting wealth in these circumstances.
If the Germans repatriate their gold, things could get very interesting.
All central banks have a vested interest in keeping forex rates range bound. They are all going to continue playing the money printing game as volatility increases with extreme global sovereign debt...