The U.S. Federal Reserve will buy the $2.5 Trillion in bogus, funny money Treasury debt directly. Actually they own most of it already in a NY FED fiduciary account. All they do is switch accounting line in NY and print another $2.5 TRILLION (tripling M-1 money supply overnight). Then we will all see, this money printing scam by BEN is truly out of control, and the emperor has NO CLOTHES.
You could say the same thing about Berkshire and Buffett, it is one large leveraged hedge fund. If the economy had a depression it would go to zero quickly, just like its 60% plunge in 2008-2009. When the depression comes, Buffett will still be railing against gold, from the poor house, and blaming others for destroying his vision. Just depends which side of the coin you are standing on any particular year. Most of the stock market is based on opinion, trust and faith, with facts being secondary. The governments debt level has tripled in 10 years, and the base money supply is up 4x!!!! $1200 gold is actually a LOW price based on the money printing going on. In 10 more years, our debt levels will be many multiples of today, and the money supply will be in the 10s of trillions at a minimum. The only way to hedge this problem effectively is to own gold and silver, both below ground and above. SA remains an excellent store of value, that will see mining production sooner or later.
Hopefully CEO is doing "something" constructive with cash earning ZERO for shareholders at this precious metals low price- share buybacks or acquiring shares in other small miners seems appropriate vs. a year ago.