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SPDR Gold Shares Message Board

  • george_arthur_vandelay_costanza george_arthur_vandelay_costanza May 1, 2013 5:25 PM Flag

    Fed is clueless and government is bankrupt

     

    The Fed said a month ago they would scale back on bond purchases. Now they said they might increase them. All the data is recessionary from jobs, to GDP (3.5% nominal growth is just inflation), to ISM, to interest rates below the inflation rate. Interest rates will never go up until the end of the keynesian experiment as they can't go up. Not sure how anyone with the abilities of a third grader in the math department has not arrived at gold as the best investment since 2003 but, now at lower prices than the start of the year the fundamentals are better than ever with new QE and bolder QE being put on the table as the global economy rolls over.

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