“The use of monetary stimulus, in the hopes that a demand kick will snowball into a virtuous cycle in each national economy, hasn’t worked to achieve its main objective for the past five years. But it has created big fluctuations in asset markets, giving speculative capital a golden opportunity to engage in the biggest wealth redistribution in modern history. Despite its recent setback, gold remains a big beneficiary of the current macro environment. It could make a new high in the current year and rise much higher in 2014. The gold bull market will end when an inflation crisis pushes central bankers around the world to tighten aggressively.”
http://english.caixin.com/2013-05-06/100524193.html
Related posts:
Bankruptcy Litigation Does Not Generate New Wealth
Peter Schiff: Gold & The Perfect Storm That Will Lead To Collapse
Sanctions Will Kill Tens of Thousands of Iranians
Decline and Fall: The Second Stage is Anger
NYC’s Plan To Round Up Mentally Ill People Who Are Not Taking Court-Ordered Medication
When The Media Lauded Clinton's Gestapo Immigration Tactics
A War On Opioids Is A War On Suffering People
Can the Internet Tax Be Stopped Just Like the Attack On Syria?
George W. Bush doesn't deserve the media's efforts at rehabilitation
Wall Street: The Next Fed Chief Should Keep the Presses Running
Jeffrey Tucker: Has the Fed Met Its Match?
Housing, Diminishing Returns and Opportunity Cost
The U.S. Destruction of Afghanistan
Hey Ron Paul: Bitcoins really do fit in your pocket! May I explain?
Deja Vu: The Fed's Real "Policy Error" Was To Encourage Years of Speculation