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Old 03-19-2009, 02:03 PM  
SomeCreep
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Join Date: Mar 2003
Location: Where the Wild Things Are
Posts: 26,118
Quote:
Originally Posted by Ethersync View Post
Yesterday the Fed announced they will be buying up treasury bonds. This has the potential to be hugely inflationary and as expected the dollar puked yesterday. The decline continues today.

This is very good for gold. I already have a stockpile of gold and I am going to increase the percentage of monthly income I invest in bullion substantially now.

The stock market will probably continue to rally now. Enjoy it while it lasts... If you time it right you will make a killing. Many people have recently. I still do not trust the market though and I am staying out.
It's either hyper inflation or a deflationary depression. He chose the lesser of two evils.
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