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IMF Tells ECB To Start QE
Posted March 5th, 2014

TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - Gold and silver rebounded on Wednesday, with Gold edging up to $1,340.60 an ounce and silver inching higher to $21.22 an ounce, after the ADP Research Institute reported that U.S. companies added fewer workers than expected in February. According to the ADP report, U.S. private employers added just 139,000 jobs last month when economists were expecting 155,000.
 
January numbers were also revised downward to only 127,000 new jobs added that month, from the 175,000 that were initially reported. ADP calls it the weakest two months since August-September 2012. “Employment was weak across a number of industries,” said Mark Zandi, of Moody’s Analytics Inc., in a statement.  Nomura Securities analysts upgraded their view of precious metals prices on Wednesday, arguing that the conditions that pushed the gold price lower have vanished. “Like a phoenix regenerating from its ashes, cyclical gold appears set to recover,” wrote Tyler Broda and six co-authors.

In Europe, International Monetary Fund (IMF) officials worried about disinflation told the European Central Bank (ECB) that it should cut interest rates and reinstate its Long-Term Refinancing Operations (LTRO) or start quantitative easing (QE). The ECB wants to keep inflation below, but close to two percent over the medium term, but it has been frozen below one percent for five months, and it's become a point of concern for the IMF.
 
“You can have too much of a good thing, including low inflation,” warned Reza Moghadam, of the IMF’s European Department…”It should thus consider further cuts in the policy rate and, more importantly, look for ways to substantially increase its balance sheet, be it through targeted LTROs or quantitative easing (public and private asset purchases),”  said Moghadam on his blog.
 
It's important to protect your hard earned wealth during these times of economic uncertainty, and at Tangible Investments, it doesn't matter whether you're new to precious metals or a seasoned veteran, you will always be dealing with top industry experts. Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.800.741.5014 today and let the helpful staff at Tangible Investments assist you in your next purchase or sale. Have you claimed your FREE COIN yet?



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