The Necessity For Fed Easing Is Good For Gold
With massive spending continuing in Washington, federal deficits will remain extremely high. In order to fund these deficits at rates that the government (and the broader financial system) can afford, continued Fed QE will be seen to be necessary. As a result, the U.S. dollar cannot be relied upon as a store of value. And when the dollar ceases to be a store of value, gold becomes the ultimate store of value.
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