So I really don’t think they’re ever going to taper. And the Fed will continue to do what they’ve done very effectively. For a long time they’re going to just propagandize, they’re going to protect the purchasing power of the dollar, but they never do.
Since the Fed was established 100 years ago, the purchasing power of the dollar has gone down by various estimates: 97 or 98%. And it’s going to continue to go down. And the only way to protect yourself against that is to own physical gold and physical silver. And any other tangible asset that represents real wealth.
- Source, James Turk via Sprott Money: