Buying Gold Is Like Buying Fiat Money Insurance

a: Buying gold ~
b: buying fiat money insurance

What: "If nothing else, buying gold is like buying fiat money insurance. I see a correction when QE ends, but I doubt that it will be a big one, or last more than a few weeks. If the market really tanks, get ready for QE 3, because Bernanke has said that one of his goals with QE was to pump up the stock market. QE 3 should send gold to $1,800 by the middle of 2012.

Writer: Bill near Slidell
Where: Reference Link Has Evaporated
Date: Aug 8 2011 11:22 AM

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