As I predicted months ago, the Fed announced that it intends to print ANOTHER $600 billion to monetize the debt. Monetizing the debt reduces the value of our money. Also as predicted months ago, the price of gold has skyrocketed. Within 30 minutes of the Fed's announcement, the price of gold jumped another $40 an ounce. Now approaching $1400 per troy ounce.
The good news for America, and the bad news for those who hold onto gold too long, I suspect the new Republican congress will shoot down this atrocity early next year. If they do (and they should), the price of gold will drop immediately. If they do not, you can hang onto your gold awhile longer.
Just so you know...
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