GSR Says It's Game On For QE

All global citizens, Chinese included, are hedging against soaring inflation caused by infinite quantitative easing (QE) through the accumulation of gold. The gold to silver ratio (see below) represents that it's game on for QE.

Gold to Silver Ratio (GSR):


Headline: China's new gold rush: its nervous citizens are helping fuel the bullion boom

INSATIABLE Chinese demand has sent the prices of commodities such as iron ore and copper to historic highs; now the Middle Kingdom is helping to drive the gold price ever higher as local investors look for a hedge against soaring inflation and the rising risks to the global economy.

China is the largest gold producer but requires so much of the precious metal (in addition to what it already mines) that it imported more than 209 tonnes during the first 10 months of last year. This represents a five-fold increase from the estimated tonnes it imported in all of 2009.

Source: theaustralian.com.au