why further qe is unlikely, page-33

Thank you ourlady

But I suspect that we are not on the same page.

I don't think gold is money. It is a commodity and a "risky" asset. The USD is the real safe haven. If you don't believe me, look at the correlations between gold and other asset classes like commodities, equities, bonds and the USD.

I am bullish on gold because I am bullish on risk assets and bearish on the Dollar.

Cheers