The kitchen sink and the price of gold

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bravekind

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The kitchen sink and the price of gold

posted on Sep 11, 2008 06:26PM

This from today's WSJ -

The European Central Bank has a single mandate - a legacy it inherited from Germany's central bank, which was determined to avoid a repeat of the hyperinflation of the 1920s,. The U.S. Federal Reserve, by contrast, is responsible both for supporting growth and controlling inflation...

"The world's been hit by massive shocks, so everyone should slow down," siad Erik Nielsen, an economist with Goldman Sachs in London. "But the U.S. has absolutely thrown the kitchen sink at the problem."

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Imagine when there are no more kitchen sinks to throw... The dollar will resume its free fall and gold prices will head into the stratosphere.

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