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Silver Wheaton Corp. Message Board

  • sharpie3444 sharpie3444 Jan 7, 2014 10:21 AM Flag


    Why Faith In Gold? (One Simple Statistic)

    Why do we continue to keep the faith with gold (and silver)? We can encapsulate the argument in one statistic.

    Last year, the US Federal Reserve enjoyed its 100th anniversary, having been founded in a blaze of secrecy in 1913. By 2007, the Fed’s balance sheet had grown to $800 billion.

    Under its current QE programme (which may or may not get tapered according to the Fed’s current intentions), the Fed is printing $1 trillion a year.

    To put it another way, the Fed is printing roughly 100 years’ worth of money every 12 months. (Now that’s inflation.)

    Conjuring up a similar amount of gold from thin air is not so easy.

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    • inflation is being put off until the Fed can get workers spending again.
      full employment is a long ways off as the global economy is not doing well.
      TARP, QE, and other policies only keep the banks from going under and give the appearance
      of stability. trickle down has never worked before, but there is hope that it will this time.
      uncharted waters do not make a good gamble, the risk is high,
      TA is as good as any short term, to get real growth is more difficult.

26.71+0.69(+2.65%)Jul 25 4:02 PMEDT

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