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AAAU - Finally It Matters What The Fed Can And Can't Print
Goldman Sachs Physical Gold ETF
Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard in 1971. But no one outside our little echo chamber paid attention, fixating instead on what the Fedcouldprint: trillions of dollars that were perfectly fine for buying anything a creditworthy person could want. To paraphrase the old Saturday Night Live skit,“Fiat currency has been berry berry good to me.”
But the reaction of the world’s central banks to this latest crisis – effectively unlimited currency creation to buy up/bail out