QE trade is occurring globally and not confined to one Fed chief, says Gold Stock Trades editor
"We did hear that the Romney camp would possibly fire [Ben] Bernanke, but we asked, if you look at the Federal Reserve and what the world is doing with quantitative easing, it's not going to be such an easy task, and we must remember it was Barack Obama's predecessor, who did appoint him," Gold Stock Trades editor Jeb Handwerger tells The Street in an Oct. 23 interview addressing rumors that the Fed chief might step down. Handwerger predicts that gold's rise won't be easily stopped just because the architect of quantitative easing might be departing.
"And it's going to be a really hard task for whoever takes office to deal with this huge debt burden and how to pay off these debts, and if we see the rest of the world that's devaluing their currency and our currency is beginning to rise, how are our manufacturers going to export in that sort of environment? So there's many policy questions for whoever takes office."
[For more on the rumor that Bernanke might leave the Fed, click here.]
