Why Stimulus is Fueling Gold, not the Economy

A decade of near-constant monetary stimulus from central banks has taught us that quantitative easing is an addictive substance. And repeated doses of fiscal and monetary stimulus make economies more fragile over time. This realization has driven up the price of gold and silver ETFs as investors seek safe-haven assets and long-time holders of precious metals are demanding higher and higher bids from new buyers to part with their metals.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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