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June 24, 2011

QE3 By Another Name

by gold-nugget

QE2 – QE3

With the Federal Reserve’s policy on QE2 coming to an end, it would seem a sure thing that we will have a QE 3. Naturally, with all the criticism that the Fed has taken on QE2, the new policy will not be called QE 3, but some other PC correct terminology.

The Federal Reserve’s policy of printing money to buy treasury bills has accomplished two things: number one, it has boosted the stock market and number two, it has devalued the US dollar. These policies by the Fed are the main reason one should invest a certain portion of their portfolio into physical precious metals.

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