Gold investment worldwide has grown dramatically in the last few years, but compared with the total stock of financial assets, gold bullion investment is still just a tiny proportion.
The World has waged a War against Wealth:
Record low interest rates for prolonged periods and a massive rise of huge and repetitive money supply (QE) in the US and many western nations, including China and Japan is bound to trigger a super inflation. Simply add record unemployment you have a full fledged WAR on Wealth.
BOOOOM
Paper money is always a political tool Gold is hard, apolitical, and global money, supported by an unparalleled history and tradition.
Whenever paper money dies, eternal money – gold and silver – stage a comeback.
BUT – Is Gold in a Bubble?
From 2001 till today- Crisis, Deficits and Cheap Money:
So what happens to Gold then?
A mirage of solvency of the financial system issues and an illusion of "recovery."
The disappointing recovery has also keep unemployment numbers high which has compelled the Fed to become even more accommodative, via the QE3 or more to come, and that increases the risk that things will ultimately slip out of their hands.
And the gold market knows it!
That would mean a gold price of about $1000 to $950.
The World has waged a War against Wealth:
Record low interest rates for prolonged periods and a massive rise of huge and repetitive money supply (QE) in the US and many western nations, including China and Japan is bound to trigger a super inflation. Simply add record unemployment you have a full fledged WAR on Wealth.
BOOOOM
Paper money is always a political tool Gold is hard, apolitical, and global money, supported by an unparalleled history and tradition.
Whenever paper money dies, eternal money – gold and silver – stage a comeback.
BUT – Is Gold in a Bubble?
From 2001 till today- Crisis, Deficits and Cheap Money:
So what happens to Gold then?
A mirage of solvency of the financial system issues and an illusion of "recovery."
The disappointing recovery has also keep unemployment numbers high which has compelled the Fed to become even more accommodative, via the QE3 or more to come, and that increases the risk that things will ultimately slip out of their hands.
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And the gold market knows it!
That would mean a gold price of about $1000 to $950.