gold, page-34339

If the QE had gone straight into Mr and Mrs J Citizen's bank accounts we would have seen the inflation that was first expected. As it was, only the select few had advantage of that QE,

We have seen asset inflation in the S+P and DOW and in the improved values of house prices in areas that were hardest hit during the crisis. Most of those hard hit areas were raided by corporations with access to cheap money buying those houses and renting them out.
Businesses had the opportunity to refinance their existing loans at much lower rates improving profitability without actually improving the business. Some went onto do share buy backs reducing the shares on offer and and making the profit per share look better, again without actually improving the business.

Gold does well in a rising interest rate environment because that signals inflation. Gold is a hedge against inflation ie An ounce of gold pretty much has always bought what an ounce of gold could buy over history, At times it hits over exuberance and runs to the high side and at times unloved and falls below but averaged out it is fairly static.