FTIdeas threw out a great question on his YouTube Channel: What effect with the Fed's recent $10 billion taper have on gold and silver? I find the whole topic infinitely fascinating, so decided to dedicate a video to the topic. I did not want to bore everyone with a long, uninteresting economic answer, but I did point out how I am more inclined to focus on the long term effects of the monetary policy behind quantitative easing rather than the short-term, fly-by-night taper debates. I believe that long-term, the consequences have already been created by the creation of $2.5 trillion (yes, with a "T") in excessive reserves. For me, it isn't a matter of "if" those excess reserves will lead to price inflation and a resulting lift in the price of silver and gold, but "when."
However, as always, that is just my opinion and you would not be wise to take investment advice from a guy who collects copper pennies in his spare time. Visit the video above if you would like to hear a longer explanation of this topic from me, or start with the links below to see FTIdeas' original video or to begin or own investigation of the topic.
I finished two more nickel boxes today, so expect to see the results from those boxes in the very near future. How are all of your searches doing as we approach the end of the year?
FTIdeas' original video
Excess Reserves Totals from the Fed
Interesting Article on the Topic