Michael Snyder
The Economic Collapse
September 19, 2012
Do you want to know what QE3 is going to do to the price of gold and
the price of silver? Well, you can read what the financial experts are
saying below, but it doesn't take a genius to figure out what is likely
to happen. During QE3,
the Federal Reserve will be introducing 40 billion new dollars that
have been created out of nothing into the financial system each month.
So there will be more dollars chasing roughly the same number of goods
and services, and that means that more inflation is on the way. In an
inflationary environment, investors tend to flock to hard assets such as
gold and silver. And it is important to remember that a lot of the
money from QE1 and QE2 ended up pumping up the prices of various
financial assets. This included commodities
such as gold and silver. The same thing is likely to happen again with
QE3. In addition, investors now have an expectation that the Fed will
continue printing money for the foreseeable future and that the U.S.
dollar is going to steadily decline, and that expectation will also
likely give further momentum to the upward movement of gold and silver.
Of course when it comes to investing, there is never a "sure thing" and
as the global financial system falls apart in the coming years we are
likely to see wild swings in the financial markets. So there is
definitely an opportunity when it comes to gold and silver, but anyone
that wants to invest in gold and silver needs to be ready for a wild ride.
In a previous article, I compiled 10 quotes
from experts about what QE3 is going to do to the U.S. economy. In
this article, I have compiled 10 quotes from financial experts about the
effect that QE3 will have on gold and silver. Hopefully you will find
some nuggets of wisdom that you can use in these quotes from some top
financial veterans....
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