In 3 years of unlimited easing, which at this pace looks quite possible, after all Chairmen have made it clear there will be no end to the global paper printing until 2015, enough electronic money will have been created to buy more than half of all gold in existence.
In 5 years? All of it.
So, once again, which is the scarcer commodity?
Thursday, December 20, 2012
Putting It In Perspective: In 2013 The Fed Will Conjure Enough Paper Money To Buy 11% Of All Existing Gold
http://www.zerohedge.com/news/2012-12-20/putting-it-perspective-2013-fed-will-conjure-enough-paper-money-buy-11-all-existing-
Labels:
central banks,
Fed,
gold,
putting it in perspective,
scarce
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