Friday, April 11, 2014

"Petrogold", "Shocking" Gold Bull Market to Come

http://www.mineweb.com/mineweb/content/en/mineweb-independent-viewpoint?oid=236924&sn=Detail


Jay Taylor: I don't know about forever because nothing lasts forever. Your premise is largely correct, however, because the discontinuation of quantitative easing would be so painful it's a pretty good assumption that it will continue for a long time to come.
It will probably end only when the system breaks down, which is inevitable because it is becoming increasingly insolvent.
TGR: We've been hearing for three years about the end of QE and the zero interest-rate policy (ZIRP). It has been argued that this is unlikely for several reasons. QE is the only thing responsible for whatever recovery we've had since 2008, and if ZIRP ended, the U.S. government couldn't pay the interest on its debt, and trillions of dollars in derivatives would go south

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