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re: Gold...why is it down?
Posted on 2/20/13 at 8:26 am to RCDfan1950
Posted on 2/20/13 at 8:26 am to RCDfan1950
quote:
85B/month
IMO, because that money is tied up in "big banks'" balance sheets and has not reached the people that would purchase gold. As soon as that money reaches the consumer (when velocity picks up) expect gold prices to increase.
1
Posted on 2/20/13 at 8:32 am to GumboPot
So, GP...the fact that all that extra money does exist - though not active in the economy - does not devalue the relative value of money, and create rise in the demand for real stores of value? Damn this stuff just don't make sense to me. 
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