why further qe is unlikely, page-45

Ophir

"No tangible benefit? How about a 500% rise in the past 10 years. How about backing their currencies with the world's most trusted, solid asset that anyone will lend against or settle any sovereign debt?"

1. Should governments be generating benefits of tax payers by speculating in commodity markets? I am happy for individuals and corporations to do so. I am. But that is not the business of governments.

2. If the gold is the most trusted currency in the world why re two thirds of world trade still settled in a currency (US dollars) which, according to you, is in imminent danger of collapse?


Cheers