From GoldNews
''THE COMING financial meltdown will affect the global economy and the US will not escape, reckons newsletter writer Greg McCoach.
In this interview with The Gold Report,
McCoach explains why he believes that, whatever happens, the precious
metals are bound to fly, as investors scramble for tangible cover.
''The latest QE3 is open-ended, allowing the Federal Reserve to create
money every month, indefinitely. QE3 was announced just a few weeks ago
and already there is talk about QE4. So, in my opinion, this is the
death spiral of the US Dollar.
The same thing is going on in
Europe and Japan. It's very troubling and, in my opinion, totally
unsustainable. But, trying to predict a timeline for the ultimate demise
is almost impossible. This stuff could last another couple of years.
Adding in the derivative problems on top of all this debt, it's just
sheer insanity. So, where is gold going? It's going way higher because
this is the ultimate dynamic that will guide the investment world for
the coming years.''
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