Hey IDC Holders
A bit of economic research for you while we wait for the PFS in the coming 9 days!
We saw what happened to the price of gold and silver with QEI and QEII! Now the price of gold is sitting at $1770/Oz as a base!
Mt Kare is about come to life at the best time for 50 years for Gold and Silver Prices!
Just wait for the actual QEIII money to begin to flow into precious metals and shares in coming weeks!
We need to remember three things about IndoCHine Mining:
1. Mt Kare has a current JORC Gold Resource of 1.8Million Ounces and 20 Million Ounces of Silver in this small shallow area!
2. What lies beneath....? :)
3. The Most important de-risking milestone events of the Sleeping Giant Mt Kare is happening right now with the PFS out in less than 9 Business Days!
Check out our Market Cap against other Gold Explorers and Producers.....a lot of upside for IDC!
Silver Dollar Values Prices Skyrocketing, Experts Agree: QE3 Guarantees High Gold & Silver Prices!
This really is going to help the wealthy get even wealthier, & it's going to create the "wealth gap" in between the wealthy & also the poor even bigger in America. . My recommendation is to buy gold & buy silver while the prices are low. Read on...
FOR IMMEDIATE RELEASE
PRLog (Press Release) - Sep 16, 2012 -
The Federal Reserve announced that QE3 will start on Friday, however it is going to become a lot different from QE1 and QE2. Each of these rounds of quantitative easing had been of restricted duration. This time, the quantitative easing is going to become open-ended. The Fed is going to purchase 40 billion dollars worth of mortgage-backed securities per month till they have decided that the economic climate is in great sufficient shape to quit. For all those that get confused by terms like "quantitative easing" and "mortgage-backed securities", what the Federal Reserve is basically saying is this: "We're going to print a bunch of cash and purchase stuff for as long as we really feel it's essential." In addition, the Federal Reserve has promised to help keep interest rates at ultra-low levels all of the way through mid-2015. The course that the Federal Reserve has set us on is utter insanity. Ben Bernanke can rain cash down on us all he desires, however it isn't going to complete a lot at all to help the real economic climate. Nevertheless, it'll certainly hasten the destruction of the U.S. dollar and raise the prices of commodities such as the gold price and silver prices. How high will silver go? Learn more >> http://www.gold-and-silver-market.com/KITCO-SILVER/
And also the Federal Reserve is apparently very eager to get QE3 going. Purchases of mortgage-backed securities are going to start on Friday. In the coming months, a huge selection of billions of dollars that the Federal Reserve has zapped into existence out of absolutely nothing will probably be injected into our monetary method.
So what will occur to all of this new cash? If banks and monetary institutions use that cash to create loans then it could have somewhat of a good influence on the economic climate in the short-term.
Nevertheless, the truth is the fact that it is not as if banks are hurting for money to loan out. In reality, right now banks are currently sitting on $1.6 trillion in excess reserves. Just like using the first two rounds of quantitative easing, a lot of the cash from QE3 will most likely finish up being place on the shelf.
However the stock marketplace loved the news because they understand that the prior two rounds of quantitative easing have been fantastic for the monetary markets. On Thursday, the stock marketplace soared to levels not noticed since December 2007. There's a lot rejoicing on Wall Street right now. And this stock marketplace bounce is fantastic for Bernanke's great buddy Barack Obama. Obama nominated Bernanke to a second term as Fed Chairman, and this may be Bernanke's method of paying him back.
Thinking about how vulnerable the U.S. dollar currently is, announcing an "open-ended" round of quantitative easing is utter foolishness. According to the Fed, whenever you add the 40 billion dollars of new mortgage-backed safety purchases per month to all of the other "easing" measures the Fed is continuing to complete, the grand total is going to come to about 85 billion dollars a month.
The Fed furthermore promised to help keep interest rates at "exceptionally low levels" till mid-2015. To support continued progress toward maximum employment and price stability, the Committee expects that an extremely accommodative stance of monetary policy will stay suitable to get a considerable time following the financial recovery strengthens. In specific, the Committee also decided these days to help keep the target range for the federal funds rate at 0 to 1/4 percent and presently anticipates that exceptionally low levels for the federal funds rate are most likely to become warranted a minimum of through mid-2015.
It appears that anytime the U.S. economic climate gets into difficulty, Bernanke and his buddies in the Fed only have one prescription and it goes some thing like this....
"Print more cash and promise to help keep interest rates near zero even longer."
Obviously a lot of Republicans are fairly disturbed that QE3 was announced with just a few months remaining in a very heated election battle.
But is QE3 truly going to help the average individual on the street? First let's take a look at employment. We're told that one of the main factors for QE3 is jobs. But did QE1 and QE2 produce jobs? The answer is obviously no. The percentage of working age Americans having a job fell significantly throughout the last recession and has not bounced back since that time regardless of all of the quantitative easing which has been done currently. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.gold-and-silver-market.com
So why attempt exactly the same thing once more when it didn't function correctly on the first two occasions? But what more quantitative easing is most likely to complete would be to pump up stock marketplace values because a lot of the cash from QE3 is going to finish up being place into stocks as well as other investments. This really is going to help the wealthy get even wealthier, and it's going to create the "wealth gap" in between the wealthy and also the poor even bigger in America.
QE3 can also be most likely going to trigger commodity prices to rise just like QE1 and QE2 did. That means which you will probably be paying more for gasoline, food as well as other fundamental necessities. So there might not be more jobs, but a minimum of you'll get the privilege of paying more for things. The inflation that QE3 will trigger will probably be especially cruel for all those on fixed incomes like retirees. None of the additional cash from QE3 is going to go into their pockets, however they will have to pay more to heat their houses and fill up their buying carts.
And also the "exceptionally low interest rate" policy of the Federal Reserve is completely devastating for all those that have saved for retirement and which are relying on interest earnings for their living costs. In short, quantitative easing is very great for the wealthy and it's very bad for the average man and lady on the street.
Maybe the greatest danger from QE3 is the fact that it could significantly hasten the day when the U.S. dollar ceases to become the reserve currency of the globe.
The rest of the globe isn't stupid. They see that the Federal Reserve is now firing up the printing presses anytime they really feel like it. They are able to see the games that we're playing with our currency. Why must the rest of the globe continue to make use of the U.S. dollar to trade with one an additional when the United states of America is continuously debasing it and playing games with its worth?
As I wrote concerning the other day, China and Russia have been calling to get a new reserve currency for the globe for a number of years. They have been top the charge to conduct international trade in currencies apart from the U.S. dollar, and I have documented many of the significant international agreements to move away from the U.S. dollar that have been produced in the last couple of years.
We're handing the rest of the globe an excuse to abandon the U.S. dollar on a silver platter.
Plus when the rest of the globe rejects the U.S. dollar as a reserve currency, the dollar will crash, the cost of living will increase significantly, our standard of living will go way down and we'll by no means totally recover from it.
So in the event you believe that issues are "bad" now, just wait till that occurs.
As a result, monetary policy - quantitative easing - has been around for an extraordinarily long time. Nonetheless, individuals are losing their life savings as well as watching pension plan benefits disappear in the exact same time. Sadly, it sounds like it's a trend that will continue, because the Bank cannot bring to mind a more viable answer.
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My recommendation is to buy gold and buy silver while the prices are still relatively inexpensive for the time being. Don't wait until QE3 hits the fan! How high will silver go? Learn more >> http://gold-and-silver-market.com/KITCO-SILVER/
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