Why Fed’s Money-Printing Makes Gold A One-Way Bet
Nov 24th, 2008 | By Justice Litle | Category: Gold MarketDeflation is every central banker’s worst nightmare, says Justice Litle. That’s why the Fed is pumping huge sums of money into the financial system. But if none of that money moves around the economy, it won’t make much difference. And so more dollars will be printed. Justice says this strategy means either a return to inflation or an all-out collapse of the dollar-based monetary system. Either way, gold will skyrocket.