Fed May Not Start to Raise Rates Until Early 2012, Bullard Says
Federal Reserve Bank of St. Louis President James Bullard said policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank.
The Fed’s “main issue” will be how to avoid spurring inflation while adjusting its $1.725 trillion in asset purchases, a main tool in its effort to sustain economic growth, Bullard said today in the text of slides for a St. Louis speech.
Bullard’s statement sent the dollar swooning and gold and silver soaring.
* With apologies to Bill Shakespeare.
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{ 3 comments… read them below or add one }
Sean
Could you address this tax question related to gold especially as it relates to GLD and TGLDX fund. Here is the address of the tax article
http://www.istockanalyst.com/article/viewarticle/articleid/3645940
I’m sure I’m not the only person interested in the consequences of the article.
Thanks
Don Markey
The link brings me to a headline, but no story!
Hi, Sean. I read the same article Don is concerned about (the link worked for me). I wonder if you can direct us to gold ETF’s which are not considered to be collectibles and thus are given regular (favorable) capital gains tax treatment when shares are sold. I’ve read that there are some.
Thanks,
Debra