Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
THE GLOBAL FINANCIAL MELTDOWN
AS GOLD IS CENTRAL TO THE SOLUTION OF CURRENCY AND MONETARY ISSUES. IT OFFERS A HISTORICALLY TRIED AND TESTED  SOLUTION TO REPLACE FIAT DEBT BASED CURRENCIES AND IS A SAFE HAVEN FROM THE RIBA BASED BANKING SYSTEM. IT ALSO IS THE POINT AT  WHICH ISLAMIC FINANCE AS WELL AS ETHICAL FINANCE AND INVESTMENT CONVERGE AND MEET. IT ALSO OFFERS THOSE SEEKING ALTERNATIVES TO MAMMON TO REACH OUT TO A DIVINELY ORDAINED SOLUTION WHICH MEETS THE NEEDS OF HUMANITY FOR A STABLE AND SECURE MEANS OF EXCHANGE AND VALUE . ACCORDINGLY MORE REGULAR FOCUS WILL BE PAID TO THIS AREA HEREAFTER. WATCH THIS SPACE OR WATCH THE VALUE OF YOUR PAPER MONEY EVAPORATE .


MAHATHIR URGES ASIA TO WORK ON GOLD AND ANOTHER DEVELOPMENT FOR TRADING 



GLOBAL CURRENClES SINKING – GOLD TO EMERGE AS SAVIOR 
http://www.birchgold.com/news/global-currencies-sinking-gold-to-emerge-as-savior/?msid=94970&utm_source=Birch+Gold+Group+Market+Update&utm_campaign=ca48a40a2a-market_update_email_052519&utm_medium=email&utm_term=0_f225c8b1ba-ca48a40a2a-76227377&goal=0_f225c8b1ba-ca48a40a2a-76227377


Gold Will Save Investors From Sinking Global Currencies

The relative stability of reserve currencies, along with their viability as a store of wealth, will soon be placed into question as governments around the world crumble under the weight of national debt. That is according to Sprott CEO Peter Grosskopf, who recently published a note warning investors of the impending crisis.

Although it rarely makes headlines, an article on Kitco reports the $184 trillion of global debt is perhaps the biggest threat to the world economy since the invention of fiat, and an ever-expanding one at that. While representing only a small portion of that figure, the article states the $22 trillion of U.S. debt should be of particular concern to domestic investors, along with the fast-approaching $1 trillion of federal deficit. Pundit projections state that a national debt of $24 trillion will mark the beginning of an economic catastrophe.

Although economists universally agree that there is no easy solution to the debt issue, Grosskopf warns that such a solution is precisely what central banks will opt for. He suggests this will likely come in the form of Modern Monetary Theory (MMT), a form of ultra-loose fiscal policy that will essentially give countries free reign to print as much money as needed to stimulate growth. Grosskopf, like others, believes that this will erode currencies even faster, as hyperinflation is one of MMT’s many issues. Not coincidentally, gold has historically acted as the premier hedge against currency debasement and all other forms of economic fallout. Grosskopf thinks that fiat could ultimately make way for gold’s return as a payment method. While it may not happen tomorrow, Grosskopf thinks investors don’t have time to waste when it comes to moving into gold, as MMT’s growing popularity means that we could soon see quantitative easing on an unprecedented scale.

Gold is the Winner of Trade Wars
A mere few weeks ago, the U.S.-China trade conflict gave off an optimistic look as both nations’ leaders met in order to reach a mutually-beneficial agreement. Since then, however, trade talks have deteriorated and most now agree that the two countries are in a full-fledged trade war.

Gold has not yet benefited from the looming crisis, as most investors are waiting to see which nation makes the next move and escalates the conflict further. Yet Gary Wagner, editor of TheGoldForecast.com, has little doubt that gold will be the true winner of the standoff. In an interview with Kitco, Wagner explained how the trade war will affect all markets and spread into each sector. Although the 25% increase in import tariffs is meant to detriment China, it’s the average American consumer that will ultimately pay the price for the conflict. As Wagner notes, the added tariffs will have a significant inflationary effect as domestic manufacturers ramp up prices, strengthening gold’s long-term bullish case. The erosion of other assets as a consequence of the trade war will act as another tailwind for the metal. “There will be an increase in inflation, and we could see continued pressure on U.S. equities, and we could see gold be a recipient in terms of a bullish move,” said Wagner.
Regarding short-term movements, the analyst pointed to $1,310 as a key resistance level to look out for, followed by the most recent high of $1,350 an ounce. To Wagner, either of these levels could be a signal that gold’s prolonged uptrend has begun.
Reply


Messages In This Thread
THE GLOBAL FINANCIAL MELTDOWN - by moeenyaseen - 08-27-2006, 09:59 AM
RE: THE GLOBAL FINANCIAL MELTDOWN - by globalvision2000administrator - 05-25-2019, 03:18 PM

Forum Jump:


Users browsing this thread: 3 Guest(s)