Saturday, October 12, 2013

Quantitative Easing

gold-bars

Did you know that the U.S. government is spending about $60 billion more each month than it takes in?  This necessitates continued printing of money (quantitative easing). Thus, the implications for the dollar and the U.S. economy are not good.

Some economists are calling it ominous.  The outcome will be a collapse of the dollar and its purchasing power, and enormous precious metals price increases.  And, yet, you can totally out perform gold and silver over the next three to five years with a precious metals backed asset.

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