It’s Now ‘Mandatory’ to Hold Gold as Fed Supports Infinity QE – Sprott’s Grosskopf

from Kitco NEWS

The Federal Reserve is wrapping up its first regularly scheduled monetary policy meeting since the global economy was turned upside down because of the COVID-19 pandemic.

Since early March, the U.S. central bank has thrown all it can at the growing economic crisis; in less than two months, it lowered interest rates to the zero bound range and introduced unlimited quantitative easing measures.

Peter Grosskopf, chief executive officer at Sprott Inc., said that he doesn’t think the Federal Reserve has much ammunition left but will continue to buy government debt to support the economy.

“We do think the Feds end up being the subject of last support for the treasury market,” he said. “The important subject in the market, the important theme is financial repression.”
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit

Follow us on social media:
Facebook –…
Twitter –
StockTwits –

Live gold price and charts:…
Live silver price and charts:…

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week:…

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.