11.10.2012 - Bullion investment is still as good as gold
Gold is going to benefit from a further move of real (inflation-adjusted) interest rates into negative territory. There is a long-standing inverse correlation between real interest rates and the price of gold. The Fed has clearly signaled that it will take its eye off its 2% inflation target and instead target jobs numbers effectively declaring an open-ended money-printing program. It is not alone. The Bank of Japan has dramatically upped its own QE program. And although it says it will sterilize any new issuance of paper money, the ECB has announced its own "no ex-ante" bond-buying promise...............................................Full Article: Source
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