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Message: QE2 !!!!!

If the QE2 " Quantitative Easing" plan goes through tomorrow, the price of gold is going to go through the roof.

The QE2 is the Fed printing a bunch of money to buy US treasuries because nobody, mainly china, wants to buy them anymore. Owning US treasuries is like owning stock in a company, but this company is the US. When a companies production is low, usually you don't buy stock in the company. The US (production)GNP is low so no one wants stock(US treasuries). All the QE2 is going to do is devalue the US dollar even more. Gold$$$$$$$$$$$SLI$$$$$$$$$$$

IF the QE2 goes through, I wouldn't be surprised to see Gold go up $50 to $100 in the next week. Hope those clowns in the US government put the QE2 through.

jon_doe

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