GLD) and silver (NYSE: SLV) have surged in price due to the announcement of the latest round of quantitative easing, QE3 - but those aren't the only assets QE3 will push higher.
While QE3 might seem harmless to U.S. consumers, it is present every time they gas up their cars or buy food at the grocery store.
In fact, all three rounds of quantitative easing have led to higher priced commodities.
Whether you realize it or not, QE3 - same as the stimulus programs before it - is adding greatly to the costs of everyday life. QE3 is directly leading to higher prices for oil, food and the cost of imported goods.
Over time, that results in a tremendous consumer expense in all product and service categories.
QE3 and inflation
- How QE3 and Higher Inflation Are Part of the Fed's Master Plan
- How QE3 – Like QE1 and QE2 – Will Trigger Inflation