GOLD 0.51% $1,391.7 gold futures

huge problems with money printing ....

  1. 24,765 Posts.
    "Over to Germany, where the finance minister Wolfgang Schaeuble has said the effects of global monetary policy are causing huge problems.

    Reuters has more:

    Ultra-loose monetary policy around the world has triggered concerns about excessive liquidity and how such policy positions will be unwound, Schaeuble said at a book launch in Berlin.

    "At the moment we are having huge problems with the consequences of global monetary policy," he said."

    At http://www.telegraph.co.uk/finance/business-news-markets-live/10109577/Business-news-and-markets-as-it-happened-June-10-2013.html

    My comment:

    He could have added, "But don't worry folks. None of this "excessive liquidity" will lead to a soaring gold price, no matter how much the demand for physical gold increases, because we've altered the laws of supply and demand in using the paper markets to crash the gold price by selling "paper gold" backed by no physical gold."
 
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