Message:

<p>[QUOTE=&quot;InfleXion, post: 1517640, member: 29012&quot;]The Euro is only up 1.5% on the week, but silver is up 7%. It looks to me like this is more due to inflation expectations than the currency fluctuations. China just printed $36 billion worth. The ECB has stated they will provide loans to Spain and Italy as long as they take out ECB debt. The Troika is going to decide soon whether Greece will get another $42 billion worth. The Fed has all but promised QE3, just not precisely when, and ECB dollar swap lines from the Fed are currently at 4 year highs. The Euro, the Dollar, the Yuan, the Yen, the Pound, they are all being devalued to either buy sovereign debt or to keep any one currency from lagging too far behind. Gold is the true measure when currencies are in a race to the bottom. The dollar index could very well go up even as the dollar loses purchasing power, because it is measured against other devaluing currencies. Metals may yet go lower, but when all is said and done sound money will be what retains its value.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in