I don't see how it[money printing] can last much more beyond this year. There are two possible scenarios. In one, the market's just going to say, stop, we won't take this anymore, and bonds will go down despite the central bank.
In the second scenario, the public is going to say, wait a minute, we don't want this paper money anymore. It's too absurd, and prices will go higher, and you'll have more and more unrest in the world.
Whenever things go down, people look for reasons. The main reason is gold is up 12 years in a row. The only unusual thing about gold market is how strong it has been without a correction. If it goes down I hope I'm smart enough to buy more.
$1300, I would probably buy some gold, $1200 I would buy a little bit more. It depends on whats going on in the world. Its been 12 years. Its got to have a nice good correction to have a correction to clean the bulls and true believers.
It seems that Mr. Bernanke may be leaving in a few months. The Federal Reserve is pumping up the economy and financial markets with its massive easing tactics. I guess he[Ben Bernanke] wants to get out before he has to deal with the hangover or the aftermath