gold now $1765, page-49

I was one that said QE3 wouldn’t occur, and I still don’t think it is printing capital / money. Like I said in previous post:

Post: 23681 on 27/07/12 11:27

It is debt, buying debt is all, because after the term of the MBS the loan has to be repaid with interest? Be it 3, 6, 18 ,5 year term they will actually take money out of the system in the long run.

They hoping inflation will be higher then the interest rate, big risk and I doubt it.

I’d say they are “bailing” out Freddie and Fannie that hold astronomical levels of MBS.

If debts are not paid then the currency and debt derivative market kicks in, which will be the end all. See here http://www.usdebtclock.org $741 trillion almost a Quadrillion.

The US Fed is trying desperately to get money in off the sidelines.

The banks will be damaged too as op twist ruins their no risk returns.

For securities the risk is very much to the downside in my findings.

So Ausi cash, fixed interest, corporate bonds and of course PM’s / PM stocks.