货币泛滥

Too Much Money

在量化宽松上，美联储不是“一个人在战斗”，欧洲央行的OMT也大开印钞机。8月，默克尔站在欧洲央行行长德拉吉一边，倾向于保卫欧元；9月6日欧洲央行无上限购债计划（OMT）启动；9月14日美联储宣布推出第三轮量化宽松（QE3）政策。一系列历史性事件中，金银随之起舞，有色金属和能源普涨。全球货币宽松期到来，

In August, Germany tended to support Mario Draghi, president of the European Central Bank (ECB), to protect the euro. On September 6, the ECB launched Outright Monetary Transactions (OMT). A week later, the U.S. Federal Reserve announced its third round of quantitative easing(QE3). Alongside with these historic events, the prices of gold and silver were roaring, followed by the non-ferrous metal and the energy. The world has stepped into a monetary easing period. The price of gold began to revive in March 2009 when the U.S. Federal Reserve launched its QE1. It had risen from USD900 per ounce to more than USD1,100 per ounce by the first quarter of 2010. In November 2010, the gold price reached USD1,400 per ounce. After the QE2, the gold price rose to USD1,923 per ounce in August 2011. If summed up, the gold price had doubled between QE1 and QE2. The silver price had also increased by 144% since QE1. ECB is also printing money to support its OMT. Although ECB can only offer a limited number of funds due to the debt crisis, a great deal of money will still be released by QE3 and OMT. This will elevate the prices of gold and silver, and indicate a deluge of money in this world.