As expected, today the Fed announced it will expand its balance sheet by continuing to purchase long-term Treasuries after Operation Twist expires. The Fed remains committed to buying government debt and keeping interest rates near zero until unemployment drops to 6.5%, which it admits probably won’t happen until 2015. Surprise, surprise, gold prices rose on the news, and the dollar fell. More news sources are noting the record sales of American Eagle gold coins in November, and alongside some other recent articles, it’s a good time to think of what the future holds for precious metals:
Morgan Stanley backs gold, corn, soybeans as best picks 2013
Silver gains favor as investment asset
