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Message: Hedge Funds Turn to Gold

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Re: Hedge Funds Turn to Gold

in response to Hedge Funds Turn to Gold by AGORACOM
posted on Mar 09, 09 07:10AM

The way I see it, betting against paper currencies is the safest "bet" you can make right now. It is quite clear that the US fed is in damage control mode. They have made it quite clear that they are going to be as aggresive as they see fit. Take a look at the fed funds rate... not much lower to go. After that it is nothing short of turning on the printing press and away they go.

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