Did anyone see mention in the Fed statement that they were considering buying long term US Treasuries? I think I read it on a website yesterday but I might have dreamt it... I believe this is what spooked the gold market yesterday. Time for the big money to get out of paper before monetisation really kicks in?

Read an article yesterday by a UK Member of Parliament bemoaning the low rate available to pensioners on their savings and suggesting that the UK Government sells them long term Gilts directly to give them access to a better rate. I'm sure they'll be grateful to their wise representative when their life savings evaporate in the coming Great Inflation. This strikes a chord with what JP has been saying about governments dipping into pension funds to buy long term bonds.