Gold Prices Surge After QE 3 Announcement

As markets expected, Ben Bernanke announced a third round of quantitative easing today in the form of $40 billion per month in mortgage-backed-securities. But unlike other programs with a definitive ending, this will perpetuate until the Fed sees meaningful growth in the economy and a better employment situation. That kind of open-ended policy has many cringing in their seats , as it seems like printing more money is the only weapon that the Fed has left in its arsenal. But despite how you feel QE 3 will perform, there is no question that gold investors were overjoyed to hear the news [for more gold news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: 3 Countries With The Largest Gold Reserves Sell Gold Before Bernanke’s Address Tomorrow The Ultimate Guide To Gold Investing How Will Gold Perform During the Euro’s Make or Break Week Why Peter Schiff Urges a Return To a Gold Standard