Euro & UK join the ‘easy money’ party

Posted | 09/07/2013 / Views | 2077
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Late last week the central banks of Eurozone (ECB) and England (BoE) broke long standing protocols and told the market they would maintain easy money policy (0.5% interest rates) for the long term.  Off the back of rising yields post QE tapering talk, more financial trouble in Portugal, and their inability to determine how to unwind the extreme levels of Government debt in their banks, they are desperate.  If the US Fed went from ‘hinting’ to actually ‘doing’ the slowing of printing money its unimaginable what could happen around the world and the upside that could mean to gold and silver.