Posted 11/24/2012 11:00 (#2714060 - in reply to #2714013) Subject: Re: Mining CEO discuss future of gold market
Pittsburg, Kansas
Agree.
And either real interest rates stay negative or the US and Fed together blow up their balance sheets. The Fed with bad paper on the books and the Treasury by not being able to stand the interest cost. Low interest rates are about the only card they have left to play to keep the debt super-cycle from imploding. And low interest rates are not a fix, only a stall tactic.