Uncle Ben has kicked the can down the road and will continue to do so for an indefinite period . Anticipated result is inflation (devaluation) of the American dollar .
This leaves gold and other precious metals as the ultimate store of wealth and safe haven.
Stand back we have lift off .
A note of caution is that Australia is being perceived as having a degree of sovereign risk caused by Canberra's misguided efforts to seize wealth from miners and mining shareholders . Added to this we have a history of financial irresponsibility that takes your breath away . Any takers for pink batts,million dollar shelter sheds and general largesse to try and hold onto power at the taxpayers expense.
We all live in interesting times
SLR Price at posting:
$3.38 Sentiment: Buy Disclosure: Held
