Quite an interesting thought, because technically such massive supply of money, as Lex points out, would be equal to a cut in interest rates.
However, this really misses the point. Does the death mask of Tutankhamun only have value because it is made of gold?
Of the $22 billion estimate is this the melt value?
According to AP:
staggering hoard of gold coins and statues of gods and goddesses studded with diamonds and other precious stones................ after six days of searches revealed a treasure trove of artefacts, statues and temple ornaments made of gold and embellished with jewels.
This is where gold bugs and I disagree on the yellow metal.
If, as our clients are, you are looking for a long term store of value what would you rather own?
For us it is as simple as having two choices:
Owning a lump of a yellow metal, or an ancient artefact made from that yellow metal?
