Categorie: Kredietcrisis

Current economic policies are not sustainable and the world faces doom because “the govements are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report.

“They will all bankrupt us and expropriate us, but it may not happen tomorrow. They’ll give us something to play with, until the whole system breaks down…they’ll just print money and print more money,” he said on CNBC Thursday.

“What I object to the current govement intervention in so-called ‘solving the crisis’, (is that) they haven’t solved anything. They’ve just postponed it.”

Faber waed that the “ultimate armageddon” would be much worse the next time around, as “govements will go bust”, which would lead them to print more money. He also waed that China’s growth was “completely unsustainable in the long run,” highlighting the red-hot property sector.

Chris Watling at Loingview Economics argues that the case for owning gold is a straight forward case of economics supported by two key points – golds history and its supply/demand dynamics.

 

En wat koop je als de staatsobligaties in toenemende mate verslechteren? Goud. Omdat China een land is met een vanouds enorme goudbehoefte en ook toenemende koopkracht van de middenklasse, heeft de World Gold Council besloten samen gaat werken om goud in China verder te gaan promoten. Of de westerse papieren goudmarkt hier blij mee is, is natuurlijk de vraag…

The news today that the state-owned Industrial and Commercial Bank of China (ICBC), the China’s largest bank by assets, is to cooperate with the World Gold Council to help promote gold in China, is but the next sign that the Chinese hierarchy is continuing to push gold as an investment to its general population.

Het World Gold Council verwacht binnen 10 jaar een verdubbeling van de goudvraag in China. Wat betekent dit voor de wereldwijde goudprijs?

 

De Nederlandse hypotheekschuld is tot een recordhoogte gestegen. In RTL Z van 23-3 een item over deze hypotheekschuld. Bekijk de video online op goud.com!

Tensions are rising over China’s economic policy. Beijing is accused of deliberatly undervaluing its currency, and critics say its damaging the global economy. But what can be done? And could it lead to a trade war?

Tensions are rising over China’s economic policy. Beijing is accused of deliberatly undervaluing its currency, and critics say its damaging the global economy. But what can be done? And could it lead to a trade war?

De Nederlandse hypotheekschuld is tot een recordhoogte gestegen. In RTL Z van 23-3 een item over deze hypotheekschuld. Bekijk de video online op goud.com!

 

 

Bart Melek of BMO Capital Markets, who projected that the gold price could reach $1,600 per ounce by 2011. In his report, Melek cited a bevy of factors that should continue to contribute to the gold price advance – including long-term inflation conces, sovereign debt issues, the relatively poor long-term outlook for the U.S. dollar and fiat currencies in general, and the market expectation that the Federal Reserve will not aggressively raise interest rates.

 

The BMO report went on to point out two additional factors supportive of higher gold prices. First, gold producers are engaging in essentially no hedging, and the official sector has become a significant net buyer of gold for the first time in more than 20 years. Furthermore, central banks may add to their gold reserves in order to diversify their foreign exchange holdings amid the currency debasement rampant across the globe. As for the Inteational Monetary Fund’s plan to sell the remaining 191.3 metric tons of gold announced last fall, Melek expects it to have only a modest negative impact on the price of gold.