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Bernanke actually thinks Gold & Silver are not money! During the Q&A portion of the testimony, Congressman Ron Paul asked Bernanke if he thinks gold is money. Bernanke replied, “No. It’s a precious metal.”
Dr. Paul then asked why do central banks hold gold in reserves. All Bernanke could say to that was “Tradition.”
When asked by Dr. Paul if he monitors the price of gold – which today hit another new all-time record high, of $1,588.90 per ounce, amid speculation over QE3 – Bernanke responded that he does.
J.P. Morgan Chase & Co. will accept Gold as collateral. Typically, banks accept only Treasury bonds and stocks in such agreements. By making the announcement, J.P. Morgan is effectively saying gold is as rock solid an investment as triple-A rated Treasurys, adding to a movement that places gold at the top tier of asset classes.
Wow - We could not even make it more than 11 days since QE2 before the FED had to start jawboning about starting the printing press to get the markets to move up. We are addicted like a Crack addict to Stimulus!
Yes Bernanke may not have the guts for the job. When Volker knew he had to jack rates way up to end Carter's inflation with a sharp recession he said, "will you still love me when there is blood in the streets."
Bernanke seems to lack what it takes.
Shorting the market on the probability of either the Euro or US debt ceiling tanking it very soon seems prudent.The economy was in recession in 2001. The Fed created more money. Result? A boom and then an even worse recession in 2007. The Fed is now creating even more money. Result? Shouldn't be too hard to predict.
The economy was in recession in 2001. The Fed created more money. Result? A boom and then an even worse recession in 2007. The Fed is now creating even more money. Result? Shouldn't be too hard to predict.
I think Ronald Reagan and Tip ONeill are a great example. Ronald Reagan repeatedly took steps that included revenue, in order for him to accomplish some of these larger goals. And the question is, if Ronald Reagan could compromise, why wouldnt folks who idolize Ronald Reagan be willing to engage in those same kinds of compromises? - Barack Obama.
Demand for Treasuries will remain strong and thus interest rates remain low if the economy remains weak.
Demand for Treasuries will remain strong and thus interest rates remain low if the economy remains weak.
a weak economy and QE2 kept rates low. With QE2 going it is imposible to say what will happen to rates even if economy stays weak.
BUt, with anti-business president, weak economy, and deflation Treasuries will probably remain a good investment.
Source please.Treasuries returned 42% in 2008 they are safer than most other things to this day and still look good. Im biased though I just finished THe Age of Deleveraging which said Treasuries are the best
Treasuries returned 42% in 2008 they are safer than most other things to this day and still look good. Im biased though I just finished THe Age of Deleveraging which said Treasuries are the best
Source please.
Not exactly looking like a smart investment. Also keep in mind that government pays for such bonds by raising taxes. You also have to take inflation into account.
He probably meant 4.2%.Source please.Treasuries returned 42% in 2008 they are safer than most other things to this day and still look good. Im biased though I just finished THe Age of Deleveraging which said Treasuries are the best
As for the outlook on these bonds:
1st time ever: 10-year yield is below 3%
Not exactly looking like a smart investment. Also keep in mind that government pays for such bonds by raising taxes. You also have to take inflation into account.
Wow - We could not even make it more than 11 days since QE2 before the FED had to start jawboning about starting the printing press to get the markets to move up. We are addicted like a Crack addict to Stimulus!
Yes Bernanke may not have the guts for the job. When Volker knew he had to jack rates way up to end Carter's inflation with a sharp recession he said, "will you still love me when there is blood in the streets."
Bernanke seems to lack what it takes.
I think Bernanke knows exactly what he's doing.
I see no reason to not be bullish on gold and silver here.
a +2 % move on gold, how many times has that happened? unreal.
I think Bernanke knows exactly what he's doing.
I see no reason to not be bullish on gold and silver here.
I think Bernanke knows exactly what he's doing.
I see no reason to not be bullish on gold and silver here.
WTF!!! -
WTF!!! -
I think Bernanke is trying to lower the value of the dollar.
on purpose?
