Wednesday, October 08, 2008

Gold and silver surges on rate cut, inflation to up prices

This is highly inflationary, whether or not it acts as hoped to reduce the recession. If you look at the UK bailout package today this amounts to $875 billion in a combination of share purchases and new financial facilities for banks - even more than the controversial $700 billion US economic emergency package voted through by Congress.

read more | digg story

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