Ely Gold Royalties Inc ELYGF

Federal Reserve is Ely's best friend!

[jimbojim]

Peter Schiff, podcast 582, points out that FR is not even going to "think about thinking about raising interest rates " for the next three years. That is bad for the US$ which has already lost about 6% of its value since Feb, and good for gold...and great for Ely ! Schiff has great insights into the imminent demise of the US$ as the world's reserve currency and it's replacement by gold. Did you know that 45 cents of every dollar spent by the US government comes from taxes...and the other 55 cents is printed? Schiff is a lot of fun and also very informative !