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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (132461)10/2/2008 12:27:57 PM
From: Taikun2 Recommendations  Read Replies (2) of 313348
 
I think you might be right, that is being used to shore up bank reserves.

But there are other factors, for example if people (including foreigners and their CBs) *think* its inflationary or just believe in general that all this stimulus is debasing the dollar

And then there's the $2.6 trillion in bank deposits above the FDIC insurance cutoff that Roubini says is part of a silent run on the banks

rgemonitor.com

Some will also go into paper banknotes a la Prechter

But there's only $750 million in bank notes and printing $2.6bn takes months

What if a few percent of those go into PMs, physical and GLD?

2 percent into gold would be $50bn, 29,411 tons of gold

GLD currently 711 tons
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