Japan has returned to zero inflation after recently emerging from recession, once again highlighting how ineffective QE has been at creating a real, sustainable economic recovery.
Ignoring the considerable risks in the mid 2000s led to the global financial crisis. Irish politicians, bankers and financial experts, like their international counterparts, are slow learners ...
Banks and insolvent governments desperate for cash likely also dislike safety deposit boxes as they are a means for people to protect and grow wealth and protect themselves from bail-ins and deposit confiscation. A percentage of box holders also store cash and bullion.
Greece – faced with illiquidity, insolvency and a potential banking collapse – is running out of time and appears to be on the back foot as its international creditors refuse to countenance any debt restructuring, rescheduling or forgiveness.
The inverted relationship between gold and the dollar broke down in November 2011. The dollar soared from July to the present, spiking 21% against the other major currencies. Most of the negative commentary regarding gold in recent months misses the rather bigger point that the gold price has held up remarkably well given the extent of dollar’s move.
Many analysts regard this as further evidence that the Fed is caught in a bind. What is yet to be appreciated by most analysts is that it is unlikely that the massively over-leveraged and debt-saturated financial system can weather increases in interest rates.
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Gold's up 11% against the euro this year, in addition to 12% last year. It has risen versus many major currencies and suffered only modest declines in a few currencies this year. Most central banks are involved in competitive currency devaluations.
Warren Buffett's “financial weapons of mass destruction” - how are you?
- Silly gold ‘bug’ name calling shows bias against gold and towards stocks - “Gold bugs” and “stock roaches” can peacefully coexist - Maybe a rational debate would be enlightening ...
With all the focus on Grexit in recent weeks, investors have not paid much attention to the risk posed by ‘Brexit’ or the possibility of the UK leaving the European Union.
Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”
There is a major new buyer in the gold market - Apple ... New Apple watch could use up to one third of total annual gold supply... Each watch to use up to two ounces of gold... May have enormous ramifications for gold market and propel prices higher