Gold can soar, when no-one wants fiat money.
Bernanke & Co. thought they really didn't have a choice. Because the only way for the insolvent banks to become solvent is for a gigantic asset bubble to push up prices.
And gold is the precursor for much higher asset prices!
Do you want this:
Speaking of masks--I see PIMCO is trying a new one on. Did anyone see McCulley from PIMCO gesticulating Friday on CNBC?
After PIMCO's Bill "5,000 Dow" Gross was wrong...was found wanting
After PIMCO's El-Erian's "sugar highs, brick walls, and escape velocity".....was found wanting
So now PIMCO's McCulley is telling us that "we thought it would be a pretty slow slug" and those in the "V camp need some "splaining to do" and regarding monetary policy the Fed can be "incredibly patient and nurturing" and that they were "being responsible." He said, however, in a low interest rate environment you could have an "expnsion of the PE ratio."
So now besides screwing up their clients viewpoints on the stock market, they can screw up their clients viewpoints further, because the high priests of PIMCO have now given their blessing to the Fed!
But don't take Ben's mask off!
Now if PIMCO worked in the NFL, instead of Wall Street we would be seeing this!