Most people forget the Fed is owned by a select few banks such...

Most people forget the Fed is owned by a select few banks such as Rothshilds and the Morgan stable. They are independent of the Government.

When there is further talk of QE you are in effect saying open the printing presses yet again, without a corresponding increase in assets- i.e. it is inflationary.It requires more dollars to acquire the same asset.

In turn the gold price jumps as a large number of investors regard gold as a more international basis for value than the US $- a hedge against inflation.

I am not a gold bug but am certainly enjoying the benefits of having some gold related investments in my portfolio. Just a shame that a lift in the gold price is not always reflected in the price of gold based equities.

Cheers, TAS