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Re: $6,000 to $7,000 an ounce

By: Decomposed in ROUND | Recommend this post (0)
Fri, 08 Jul 11 11:50 PM | 70 view(s)
Boardmark this board | De's Test Board 		Msg. 33809 of 45510
(This msg. is a reply to 33009 by Decomposed)
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re: "I'm not sure of the reason, but I wouldn't be at all surprised if the INEVITABILITY of QE3 isn't beginning to sink in."

- Decomposed, May 11, 2011 


Heh. The TRUTH is that the United States has actually implemented a policy of QE INFINITY - because QE doesn't work, and the expense of will just keep driving the economy down... necessitating further Quantitative Easing, right?
 


Fed will launch ‘QE3’ by fall, expert says

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) — The weak June nonfarm payrolls report will spur the Federal Reserve to launch a third round of asset purchases, known as quantitative easing, sometime this fall, said David Blanchflower, a professor at Dartmouth College.

“QE3 looks increasingly on the table. What are they going to do, let unemployment start rising again?” Blanchflower said in a telephone interview.

Blanchflower, a former member of the Bank of England’s monetary policy committee, said the current U.S. malaise is a rerun of the England economy earlier this year where talk about government austerity made consumers rein in their spending, and businesses then slammed the brakes on investment and hiring.


Full article: http://www.marketwatch.com/story/fed-will-launch-qe3-by-fall-expert-says-2011-07-08




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
Re: $6,000 to $7,000 an ounce
By: Decomposed in ROUND
Fri, 20 May 11 8:47 PM 		Msg. 33009 of 45510

re: "Forbes predicts gold standard? Wouldn't that cause countries holding dollars to cash in their dollars and empty our treasury?"

It might, sure, if the price of gold was too low.

On the other hand, the dollar was backed by gold and silver from its inception until 1971, and it wasn't until then that there was much of a risk that any country would cash in its dollars.

However, if there are more dollars in existence than the backing material can cover, then of course the dollars will be cashed in. That's what France was threatening to do when Nixon defaulted on our promise to dollar holders.


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On a somewhat different note, Gold is up $18 right now. I'm not sure of the reason, but I wouldn't be at all surprised if the INEVITABILITY of QE3 isn't beginning to sink in.

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