Why is the market rising even as gold and silver skyrocket? One reason: quantitative easing, a.k.a. printing money. The Fed is now on it’s third round of quantitative easing, printing up an estimated $30 billion to buy toxic debt.
The reason the stock market is going up is because investors know saving money is foolish. Why save money if the Fed is printing it into oblivion? The reason gold is also going up is because people know that the Fed is printing. People are moving from dollars into whatever they can.
Again, savers are losers.
These booms will go on until we go bust one more time, and then there’ll be even more losers.
When the gold, silver, and stock market peak and crash, it’s the savers and cowards who will once again be the biggest losers.
Please don’t be one of them.
