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View Full Version : Fed to print $1+ Trillion out of thin air - gold up, dollar down




qh4dotcom
03-18-2009, 02:59 PM
http://www.nytimes.com/2009/03/19/business/economy/19fed.html?hp

http://news.bbc.co.uk/2/hi/business/7951493.stm

Gold was below $900 today...when I got the New York Times news alert I checked the price of gold...it had shot up to a high of $950

Dollar was down about 3% to the euro

tmosley
03-18-2009, 03:14 PM
Nice. Thanks for the info.

Original_Intent
03-18-2009, 03:22 PM
Corporate America is going to love this - big inflation and less than COLA raises and/or pay cuts.

You are the new cheap labor.

qh4dotcom
03-19-2009, 08:09 AM
Gold rose more today and the dollar is down even more