Tuesday, August 28, 2012

The Bad Side of QE

Aug 27, 2012 by KitcoNews

What are the downsides and risks of the Fed's QE3 and further stimulus/ quantitative easing? Vince Lanci of FMX Connect is here to shed light on the matter in this edition of "RESET".

Brother JohnF - Silver Update: Africa Rising

Aug 27, 2012 by BrotherJohnF

CNBC finally admits QE is Counterfeiting

Gold hits all time high in Indian Rupees

From The Times of India

Original source

NEW DELHI: Scaling a new peak, gold prices on Monday touched all time record of Rs 31,400 per 10 grams in the bullion market here on strong cues from global markets.

Traders said gold registered gains for the seventh trading session in a row, rising by Rs 100, on sustained buying by stockists amid rally in overseas market.

The investors were also seen shifting funds from melting equities to firming bullion, they added.

Gold Set for Best Year Since 2010

From Bloomberg.com

Original source

Gold is poised to climb the most in two years as prospects for additional economic stimulus by governments from the U.S. to China stoke demand for the precious metal as a bet against inflation, a survey showed.

Bullion for immediate delivery may reach $1,800 an ounce by the year-end, extending gains this year to 15 percent, according to the median forecast in the Bloomberg survey of 15 traders and analysts at a conference in Hyderabad in South India on Aug. 25. That would be the most since a 30 percent surge in 2010, data compiled by Bloomberg show.

Gold is set for a 12th year of gains as the European sovereign-debt crisis boosts haven demand amid speculation of further policy easing by central banks, including the U.S. Federal Reserve, which may be considering a third round of so- called quantitative easing, or QE3. Investment holdings have expanded to a record on demand for a hedge against inflation.

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