How will new government rescue plan impact the gold price?

if the congress approve the bill, which means it will directly inject 700 billion dollars into financial insitutions. will 700 billion dollars intensify inflation? seems when the plan announce, the dollar drops, isn't it the sight that the plan will significantly damage the value of dollar? what do u think?

Public Comments

1. theoretically, it should, because money will look for a place to escape this dillutionary liability i think silver in particular looks attractive, because the ratio of gold to silver is around 75 it was as low as around 45 earlier this year
2. There is no doubt in my mind. The want to raise the statutory ceiling on the national debt, from 10.5 trillion to 11.2 trillion. This means they don't have the money. So they are essentially making 700 billion out of thin air. Sounds inflationary to me. I expect gold to skyrocket over the next few years. Grandpa