*MUST READ!
To QE or not to QE, that seems to be the only question gold and silver bugs are currently asking.
In Stewart Thomson’s latest, he states that The Bernank has in fact just about exhausted his QE play, and is now moving down his playbook to gold revaluation.
The time is nearing when you will measure your wealth in the number of ounces of gold and silver you hold, rather than its value in dollars.
“My message to you now is that QE is finished as an effective tool, and the central banks of the world have moved on to gold revaluation, with central bank buy programs. Just as few believed or understood rates to zero or QE in the beginning, few believe or understand gold revaluation now.”
Likewise, quantitative easing failed as policy, yet it continues. Whether there is QE3 or QE300 doesn’t matter. QE has failed to end the crisis and will continue to fail to end it. QE will continue to fail because there are not enough assets in existence in the United States, or the world for that matter, to match the massive OTC derivatives debts.
Your risk is being out of gold, not being in it, when gold revaluation is in play. We are very close to the time where measuring your wealth in ounces will be more important than the dollar price of some fixed amount of gold you have. Few believe, few understand.
Click here for more from Stewart Thomson:
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Yeah I'm one of the few who don't understand the measure of wealth in ounces and not dollars but either way I'm stacking as much as i can when i can lol..
Anon at 7:39, perhaps FOFOA can help you.
"16. Gold could have topped out at $1500 if the “rates to zero” and QE policies had been put on the back burner faster, and gold revaluation moved to centre stage faster, but now it looks as though it will take a gold price of thousands of dollars an ounce to have any chance of ending the crisis."
How does The Bernanke revalue gold? And how could he have ended the crisis sooner if he had revalued gold to $1500?
If the $ collapses, $/oz prices will be irrelevant because the $ price will rise to undefined infinity as a result of DIVISION BY ZERO (the $'s collapse value). Forget altogether about $'s/oz, JUST BUY SILVER & GOLD. Also forget collectible value, maximize your OUNCES.