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Next stage QE will be further boost for gold and silver

Posted on 12 December 2012

The Fed’s latest round of quantitative easing will total $1.1 trillion, with about $620 billion in mortgage-backed securities and $500 billion in Treasuries. They have to get the economy up to a speed where the momentum will carry it forward without this support. If they fail and momentum slows then the whole QE program will turn toxic and create accelerating monetary inflation. That’s why so many worry about quantitative easing so much.
Nevertheless it will undermine the value of the dollar anyway and in the process and over the longer term, boost precious metal prices. Any sign of runaway monetary inflation and precious metal prices will take off never to look back………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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