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If QE3 Is On The Table, ZIRP Is Guaranteed

1 June 2011 8 Comments

If a third round of quantitative easing is on the table (and many think it is) there is one thing you can bank on… continued interest rates at or near zero.  Zero interest rate policy (ZIRP) will continue for years in my opinion.  Real rates will be negative based on inflation, and that means gold continues to go higher.

8 Comments »

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