Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By CMI Gold & Silver
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

QE programs fillip precious metals buying

% of readers think this story is Fact. Add your two cents.


Because of announced central bank money creation programs, at the retail level gold and silver buying is at a solid pace, not at a frenetic pace, which is good, as frenetic buying usually suggests a top. Based on what we’re seeing at CMI Gold & Silver, precious metals prices seem poised to go higher.

For those investors who try to pick bottoms and tops, I’m not say buy here. But, for long-term investors seeking hedges against further currency debasement, I’m saying buy here. Two, three years from now, people will be kicking themselves for not buying at these levels.

The most anticipated central bank announcement was the Fed’s QE 3, which more aptly should be called “QE Forever” because Bernanke said that monthly the Fed will inject $40 billion into the market by purchasing mortgage backed securities for an “undetermined time.” Given Bernanke’s faith in Keynesianism, it is likely that QE3 will go on for a long, long time.

The European Central Bank announced that through Open Market Transactions it will buy unlimited amounts of eurozone bonds, which means unlimited euro creation. This operation should be named Open Market Purchases because there will be no selling by the ECB, only purchases.

The Bank of Japan announced the equivalent of a $1 trillion money injection. This was long overdue according to Keynesian economists.

China’s central bank just revealed that in the last three days it has injected the equivalent of $53 billion into its banking system. Analysts of the Chinese markets have been predicting such, and a loose monetary policy by the People’s Bank of China is expected for some time to come.
Not to be forgotten is that the UK has had for sometime its own quantitative easing program.

Investors have to deal with not the possibility of but the actuality of currency debasement, higher prices, and negative real interest rates for who knows how long. Logically, we can expect higher precious metals prices.
Analysts at high-profile banks and brokerages houses actually put numbers on predicted gold price increases through the end of the year, like .7%.

There’s no way anyone can predict precisely just how high the price of gold and silver will move in this climate. The world is afloat in a sea of paper money. We can expect higher gold and silver prices just as we can expect higher prices for everything else.


Source:


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.