this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. tom hudson is off; jeff yastine joins us tonight. and jeff, it s record time in the markets. not stocks, but gold prices. and silver, platinum, and most other commodities. jeff: susie, it s now four days in a row that gold continues to hit new records. today it closed at $1,410 an ounce. silver soared 5.5%, a new 30- year high, and platinum rose to its highest level in more than two years. susie: the forecast is for even higher prices. so what s going on? scott gurvey reports. reporter: the dollar goes down. gold goes up. its a standard rule of investing. but how does that explain corn and copper? crude and palladium? and even eggs. there actually are connections. start with the fed, buying securities to stimulate the economy. that lowers the value of the dollar, increasing the cost of commodities priced in dollars. it in
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. tom hudson is off; jeff yastine joins us tonight. and jeff, it s record time in the markets. not stocks, but gold prices. and silver, platinum, and most other commodities. jeff: susie, it s now four days in a row that gold continues to hit new records. today it closed at $1,410 an ounce. silver soared 5.5%, a new 30- year high, and platinum rose to its highest level in more than two years. susie: the forecast is for even higher prices. so what s going on? scott gurvey reports. reporter: the dollar goes down. gold goes up. its a standard rule of investing. but how does that explain corn and copper? crude and palladium? and even eggs. there actually are connections. start with the fed, buying securities to stimulate the economy. that lowers the value of the dollar, increasing the cost of commodities priced in dollars. it in
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. u.s. economic policy came under fire today. tom, in a rare move, fed policymakers openly debated the central bank s recent decision to buy billions of dollars of government bonds. also, world finance leaders questioned u.s. efforts to encourage economic growth. tom: susie, a lot of second guessing ahead of the g20 meeting on wednesday in south korea. that meeting brings together the leaders of the 20 biggest economies in the world. president obama got a taste of what to expect as german and chinese officials criticized u.s. currency, trade and monetary policy. susie: so, is the u.s. on the right path or not? joining us now, mohamed el- erian, c.e.o. of pimco, the world s largest bond fund. mohammed, nice to see you again. thank you, susie. susie: now you ve been critical of the fed s plan to buy these billions of dollar
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. u.s. economic policy came under fire today. tom, in a rare move, fed policymakers openly debated the central bank s recent decision to buy billions of dollars of government bonds. also, world finance leaders questioned u.s. efforts to encourage economic growth. tom: susie, a lot of second guessing ahead of the g20 meeting on wednesday in south korea. that meeting brings together the leaders of the 20 biggest economies in the world. president obama got a taste of what to expect as german and chinese officials criticized u.s. currency, trade and monetary policy. susie: so, is the u.s. on the right path or not? joining us now, mohamed el- erian, c.e.o. of pimco, the world s largest bond fund. mohammed, nice to see you again. thank you, susie. susie: now you ve been critical of the fed s plan to buy these billions of dollar
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. u.s. economic policy came under fire today. tom, in a rare move, fed policymakers openly debated the central bank s recent decision to buy billions of dollars of government bonds. also, world finance leaders questioned u.s. efforts to encourage economic growth. tom: susie, a lot of second guessing ahead of the g20 meeting on wednesday in south korea. that meeting brings together the leaders of the 20 biggest economies in the world. president obama got a taste of what to expect as german and chinese officials criticized u.s. currency, trade and monetary policy. susie: so, is the u.s. on the right path or not? joining us now, mohamed el- erian, c.e.o. of pimco, the world s largest bond fund. mohammed, nice to see you again. thank you, susie. susie: now you ve been critical of the fed s plan to buy these billions of dollar