Jim Rogers: QE1 and QE2 Didn’t Work, But They’re All Going To Print Money

September 4, 2012 By 5 Comments

Jim Rogers this morning in an interview discussed how although QE1 and QE2 didn’t work, all Western Central Banks are going to print money.
QE to INFINITY….AND BEYOND!!!

 



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Comments

  1. Avatar of Conax Conax says:
    September 4, 2012 at 1:52 PM

    We don’t need QE for the silver price to go on up.  The fundamentals plus the current glut in fiat on the banks’ balance sheets are more than enough reason for it to double, easily.
    QE is a horrific debt passed on to our grandchildren, and as such I don’t support it.  I wish they would let failing banks fail, let the markets become free again and recover, and raise interest rates a point or two.  For the children.  (really)  We have already pumped enough fiat to fight WWII twice over into the banks, and they still whine for more.  Bankster bonuses and exorbitant pay is all it bought. Everyone needs to realize we don’t need it, it doesn’t help Main street, and doesn’t help create jobs.
    Too bad the pelicans smeared and rejected Ron Paul, we could have used a man with his honesty and character in high office. Now the hand writing is on the wall.
     

  2. Avatar of Sumkid Sumkid says:
    September 4, 2012 at 3:21 PM

    At 5:14, even Jim Rogers admit that it’s better to own silver than gold. I believe that silver will hit 50$ per ounce again because first of all, if it did hit 50$ per ounce before, why silver would not hit that level again?

  3. Avatar of allinagau allinagau says:
    September 4, 2012 at 3:32 PM

    The ratio has to come back into line.  I believe when silver peaked the ratio was around 1/32 and when gold peaked it was 1/46.  Right now we are sitting at about 1/52.  This coming in line will eventually give silver the bump it needs.  Sure would like to see a very high gold number and a 1/15 at least in the not to distant future.

  4. Avatar of AGXIIK AGXIIK says:
    September 4, 2012 at 6:29 PM

    I think the silver price is a function of supply demand as opposed to QE whatever. Given that there is no more than a billion ounces of silver flowing around the planet,  It would take no more than $50-100 billion in FIAT world wide to jack silver to $100 once the supply crunch occurs. 
    QEs are measured in trillions on a global basis.  $100 billion would be pocket change.  Besides which,  the velocity of money is at its lowest range in the last 100 years.  All that would need to happen is if some of these multi trillion dollar funds of money directed their attention to precious metals.  Silver would react violently

  5. Avatar of allinagau allinagau says:
    September 4, 2012 at 8:00 PM

    I agree.  People aren’t thinking or can’t anymore.  Anybody that wants to have money in the future better buy some metal now before they can’t.  No matter how much manipulation there is, it is still going to come back to supply and demand.  Right now people just don’t know how precious silver really is.  Once this secret gets out the price will climb like nothing we have seen before.  It is an exciting time to be holding metals and it’s only going to get better.  Unless there is some ruthless, super secret plan that none of us can even imagine at this point.  Sorry but I have lost all faith in what is running the show today.  But I’m still thinking about a $1,000/oz because we are seriously short on supply but we have to hit $100 first.

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