this comes from casey reserearch:
In its Monday Gold Report, USAGold.com writes:
“According to this morning's [G7] press release, ‘swap lines between the Federal Reserve and the BoE, the ECB, and the SNB will be increased to accommodate whatever quantity of U.S. dollar funding is demanded. The Bank of Japan will be considering the introduction of similar measures.’ “These latest measures come on the heels of last week's announcement by the ECB that they would provide unlimited euro funds to financial institutions …” And, “The UK has already announced a £500 billion bailout of their banking sector …
“Unlimited dollars. Unlimited euros. All but unlimited sterling. We are talking about a global re-inflation on a massive scale … We've recently seen gold set new all-time highs against euro and sterling. Gold nearly set a new record high against the Swiss franc. Given ongoing strong demand for physical gold and incredibly tight supplies, one has to wonder how long the dollar gold charade can be maintained.” A very good question indeed.
http://caseyresearch.com/displayDrp....