The Frightening Reality Of Gold Disappearing From The West
December 17, 2013
As 2013 comes to a close, today Canadian legend John Ing writes about the frightening reality of gold disappearing from the West. Ing, who has been in the business for 43 years, also covered the astonishing big picture as we head into 2014. Below is what Ing had to say in his fascinating piece.
By John Ing of Maison Placements Canada
December 17 (King World News) – The Frightening Reality Of Gold Disappearing From The West
Despite trillions injected into the economy, there are 47 million people living on food stamps in America. And to no surprise, it appears the Fed lost courage to taper the monthly $85 billion asset purchases as the likelihood of tapering decreases due to the market’s addiction to cheap money. And when tapering does arrive, we believe it will morph into another form in a rebranding exercise.
Investors remained complacent until the government shutdown. Default did happen, not in missing a payment, but in the devaluation of the greenback. The US economy is in a self-inflicted zombie state heading into a downward spiral (car sales, employment rates, etc). To be sure the Fed’s quantitative easing (QE), will continue well into 2014, piling debt on top of more debt, stoking hard asset bubbles reminiscent of the mortgage collapse or the dot-com bubble. Today we have a stock market bubble, bio-tech bubble, tech bullet and a debt bubble. QE has been the market’s best friend.