Gold futures surge as Fed warns of deflation

[Roland99]

Source: MarketWatch

Gold futures soared to new heights above $1,290 an ounce on Wednesday after the U.S. Federal Reserve signaled it may take further quantitative-easing measures to support the recovery and stave off deflation.

The U.S. dollar, meanwhile, came under heavy selling pressure against its major rivals in the wake of the Fed’s latest policy announcement.

...

After regular trading closed, the Fed signalled it would be willing to take additional steps to boost the faltering U.S. economic recovery and to ward off deflation.

The central bank’s words have largely been interpreted to mean that it will likely take further quantitative-easing measures late this year.

Read more: http://www.marketwatch.com/story/gold-futures-top-1290-an-ounce-on-globex-2010-09-21?dist=beforebell

[COLGATE4]

1. Omigod - Beck's personal fortune (based in part on his

shilling overpriced gold coins to the low-information masses) should about double on this news. Look for him to repeat it 24/7.

[Po_d Mainiac]

3. The "informed" already bought bullion ..n/t

[denverbill]

2. Wait a minute. Gold is a hedge against INflation, not DEflation.

Dollars are king during deflation, because prices of raw materials and good drop.

[Po_d Mainiac]

4. It's a hedge against the next round of QE..(printing money) n/t

[phantom power]

9. beat me to it

I don't buy metals if I'm expecting *deflation*.

:shrug:

[Larry Ogg]

5. If the American people ever allow private banks to control the issue of their money,

first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property, until their children will wake up homeless on the continent their fathers conquered. Thomas Jefferson.

[dixiegrrrrl]

8. 4 banks "own" 80% of outstanding mortgages

since the mortgage companies were bought out by the banks.
Who actually HAS the actual mortgage is currently a breaking news topic.

[Po_d Mainiac]

11. yup...The assets they thought they owned that should be shit?

Might turn out they paid good money and may not even have the fertilizer to show for the expenditure!

Frickin Brilliant!!...Today's bankers (banksters), the best bunch of assholes to turn a fortune into pocket change, we've evah seen

[flyarm]

6. BUT BUT BUT..the recession is over..pardon me while i puke in my mouth.....

the recession nis over..the recession is over..it was the headlines on all national newspapers yesterday..:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :woohoo: :woohoo: :woohoo: :woohoo: :woohoo: :applause: :applause: :applause: :applause: :applause: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:

[flyarm]

7. Deflation = Depression!

[Roland99]

10. Gold-and-Silver Trading Biggest Scam in History, Financial Armageddon Could Result

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9181142