What Investors Can Learn From the Japanese Art of Kintsukuroi - What investors can learn from the Japanese art of Kintsukuroi or Kintsugi - art of repairing broken pottery with gold- Investors and savers can protect their savings with gold- Savers and investors are being punished by negative to low interest rates- Global debt levels, stock bubbles and reduced liquidity will lead to crisis- Reinforce cracks with gold prior to money pot shatters Source: Wikimedia Editor: Mark O'Byrne Kintsukuroi or Kintsugi is the Japanese art of repairing broken pottery with gold and silver. The Japanese like to consider it a way of not only repairing the item but also transforming it into something new which is pristine and has a new potential. For the philosphers in the art world they like to ask how can something of such beauty be created from a shattered vase or bowl? Our politics, markets and economy are broken. With each passing day we see more evidence of a globalised, interconnected world that is also increasingly politically and financially fragmented. In turn this is raising tensions between and within countries. Especially between the 'haves' and 'have nots.' We have seen this before, many times in history, when the greed of mankind and his belief in infallibility leads us to believe we can perform unprecedented financial experiments. The more we push on with the experiments, rather than learning from history, the bigger the cracks and damage. Jim Rogers recently expressed his disgust at banks’s claims that had they not acted as they had in response to the financial crisis then things would be worse. Rogers disagrees, all they have done is papered over and widened the cracks… "propping up zombie banks and dead companies is not the way the world is supposed to work. ... It's been nine years and we have nothing to show for it [economically] except staggering amounts of debt.” In order for Kintsugi to transpire the artist must ‘see’ a cracked pot differently. A new perspective has to be taken. The pot is not broken, it is not useless instead it is something which has potential to become stronger and better. We must begin to look at our economy in a similar light. Our savings are not useless, in the same way our economic system is not useless. But they are weak in their current state, they should be made stronger rather than forced to take on more pressure. The art of seeing differently Last week, came the news that global debt levels were 327% of world gross domestic product (GDP), at $217 trillion in the first quarter of 2017. We have added over $120 trillion since the financial crisis. In the weeks before the world’s top money managers had rung the warning bell that this pot was ready to crumble. Marc Faber told CNBC that ‘everything’ is in a bubble with the risk that: “One day this bubble will end,” and as a result people will lose 50% of their wealth. Mohammed El Erian, part of the global financial elite but someone who we should all listen to, has also expressed similar concerns to Faber. He wrote on Bloomberg that because of reduced liquidity resulting from simultaneous policy tightening by central banks, he has some serious doubts about the sustainability of the current overextended bull market in stocks. Meanwhile Bill Gross believes markets in the US are at their highest risk levels post-2008 as investors are paying a high price for taking chances. The low (and negative) interest rates of central banks are artificially driving up asset prices. This is creating little growth in the real economy and as a result is punishing individual savers and businesses. Even those who are generally more concerned with individual wellbeing rather than the health of the global economy are now getting involved in firing warning shots. Life guru Tony Robbins has warned that ‘the crash is coming’ both in a book and on a regular podcast. He recently pointed to the falsehoods that we are all being told about the system, "We are in a really artificial situation. There is a new high, on average, every month. Feds around the world have been printing money.” But, this is the world we live in. Should we wait and see how it plays out? Bury our heads in the sand? Or, should we instead think about what we can do differently. How we can look at his situation and take a new perspective, give it some potential and extended future? Like the art of kintsukuroi we may be able to give it a second chance, with gold. Gold is for everyone: Some are already filling the cracks with gold “The world breaks everyone, then some become strong at the broken places.” Ernest Hemingway Countries around the world (including large nations such as Russia and China) are acquiring gold at an accelerated rate in order to diversify their reserve positions. When you consider the already substantial reserves in the US, Germany and the IMF, we may already be moving quietly towards a default gold standard. There is a reason these countries and organisations are accumulating and/or holding onto gold. They know that when things take the inevitable turn for the worst, gold will alleviate the financial and monetary damage. They know this because whilst their economic policies might not reflect any knowledge of history, history including the recent crisis shows them that gold has survived history because of it’s ability to hold value and act as a safe haven. Unfortunately the chances of the majority of the world’s leaders realising how they can fix the cracks before they become breaks, are low. But that doesn’t mean investors can’t embrace gold to fix the cracks that their finances and investments are exposed to. As with the broken pots, gold just needs to be a small part of your portfolio. A small allocation confers stability and insurance. Jim Rickards argues that the solution to the risks we are all exposed to is to allocate 10% of your portfolio to physical gold or silver:‘That will be your insurance when the time comes.’ Whether it is 5%, 10% or 50%, gold should play a part in your portfolio to give it strength in the tough times that are no doubt ahead. Just one look at the table below (from guru Tony Robbins) and you can see how little an amount needs to go in, in order to fill the cracks and reduce volatility and enhance returns in a portfolio. All Seasons strategy via Ray Dalio via Tony Robbins You might ask why isn’t there a rush to gold if it’s the way to secure our portfolios? Only the smart money is diversifying into gold now - as was the case before the first financial crisis. Martin Armstrong of Armstrong Economics recently said: ‘Gold and the stock market will take off when people realize that government is in trouble. When they lose confidence, that is when they will start to pour into tangible assets.’ Conclusion - Reinforce the financial cracks with gold Really kintsukuroi is about highlighting imperfections. Many reading this might ask why on earth one would want to highlight the imperfections in the banking system and the global financial system rather than just starting from scratch. We don’t need to go so far as to lose our wealth in order to realise how we can protect ourselves. There is no changing the damage that has been done. We cannot erase the past, only learn from it. How do you learn from things? By remembering what has happened and by incorporating those lessons into every day life. We can do that with gold. We can learn from the past mistakes and bring gold into our portfolios to protect and grow our wealth. Gold has consistently proven itself in times of economic distress. Those who have benefited the most from this are the ones who bought their insurance and reinforced the cracks prior to the shattering crash. Source: Kate Ter Haar via Flickr News and Commentary Gold ends marginally lower but books solid +2.5% gain in July (MarketWatch.com) U.S. Stocks Mixed, Dollar Gains as Treasuries Slip: Markets Wrap (Bloomberg.com) LBMA shines a light on the gold in London’s vaults – 7,449 tonnes as of March 31 (Reuters.com) Ex-NASA Agent Fears Gold Lunar Module Will Be Melted Down (Bloomberg.com) Gold Logs Fourth Monthly Increase; US Mint Bullion Sales Bounce in July (CoinNews.net) U.S. Mint bullion sales improved greatly in July Revealed for the first time: How much gold is in London's vaults? (Telegraph.co.uk) Millennials' wages devoured by their own beloved technologies (DavidMCWilliams.ie) Peak Complacency as Recession Looms - Prepare (MauldinEconomics.com) We Need Our $40 Trillion In Stolen Cash Back - Catherine Austin Fitts (Youtube.com) Strategist Sees Gold Higher, Dollar Lower (video) (Bloomberg.com) Gold Prices (LBMA AM) 01 Aug: USD 1,267.05, GBP 957.76 & EUR 1,072.30 per ounce31 Jul: USD 1,266.35, GBP 965.59 & EUR 1,079.06 per ounce28 Jul: USD 1,259.60, GBP 961.96 & EUR 1,075.45 per ounce27 Jul: USD 1,262.05, GBP 960.29 & EUR 1,076.53 per ounce26 Jul: USD 1,245.40, GBP 956.72 & EUR 1,071.29 per ounce25 Jul: USD 1,252.00, GBP 960.78 & EUR 1,074.59 per ounce24 Jul: USD 1,255.85, GBP 962.99 & EUR 1,077.64 per ounce Silver Prices (LBMA) 01 Aug: USD 16.74, GBP 12.67 & EUR 14.17 per ounce31 Jul: USD 16.76, GBP 12.77 & EUR 14.29 per ounce28 Jul: USD 16.56, GBP 12.66 & EUR 14.15 per ounce27 Jul: USD 16.79, GBP 12.77 & EUR 14.34 per ounce26 Jul: USD 16.37, GBP 12.54 & EUR 14.06 per ounce25 Jul: USD 16.31, GBP 12.52 & EUR 14.00 per ounce24 Jul: USD 16.50, GBP 12.66 & EUR 14.17 per ounce Recent Market Updates - Bitcoin, ICO Risk Versus Immutable Gold and Silver- This Is Why Shrinkflation Is Making You Poor- Gold A Good Store Of Value – Protect From $217 Trillion Global Debt Bubble- Why Surging UK Household Debt Will Cause The Next Crisis- Gold Seasonal Sweet Spot – August and September – Coming- Commercial Property Market In Dublin Is Inflated and May Burst Again- Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing- Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term- “Time To Position In Gold Is Right Now” says Jim Rickards- Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20- “Bigger Systemic Risk” Now Than 2008 – Bank of England- “Financial Crisis” Coming By End Of 2018 – Prepare Urgently- Video – “Gold Should Probably Be $5000” – CME Chairman Important Guides For your perusal, below are our most popular guides in 2017: Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report from Freedom Fest in Las Vegas Max and Stacy talk about Wall Street’s ‘dean of valuation’ declaring that bitcoin is replacing gold as the ‘go to’ trade in a time when investors don’t trust governments. In the second half Max interviews legendary investor, Jim Rogers, about China and Germany stepping up to lead the world as the U.S. retreats. They also discuss China’s One Belt, One Road policy and bitcoin as disruptors to U.S. hegemonic power. WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-E600) http://www.youtube.com/playlist?list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_ (E601-E800) https://www.youtube.com/playlist?list=PLPszygYHA9K19wt4CP0tUgzIxpJDiQDyl (E801-E1000) https://www.youtube.com/playlist?list=PLPszygYHA9K302vF9LY8cZJ4_VJB8P347 (E1001 - Current) RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Josh Sigurdson sits down with investment legend and author Jim Rogers to talk about the inevitable dollar crash. Rogers breaks down why the dollar will crash, the delusion of central bankers and the horrific technocratic control of a centrally planned cashless society. Jim Rogers has been... This is an excerpt only please visit http://jimrogers1.blogspot.com or the other Jim Rogers Blog http://jimrogers-blog.blogspot.com, for the full story, >>>>]]
This interview happened within the past week, at Freedom Fest and posted on MoneyMorning website. In fact you will find the full interview plus interviews with other guests at the MoneyMorning Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum... This is an excerpt only please visit http://jimrogers1.blogspot.com or the other Jim Rogers Blog http://jimrogers-blog.blogspot.com, for the full story, >>>>]]
Is it time for the market to crash? Legendary investor Jim Rogers joins Kitco News for an interview to discuss his predictions for the biggest financial crisis we’ll see in our lifetimes, and how he’ll be protecting himself. “Gold is going to be explosive in the next few years,” Rogers said,... This is an excerpt only please visit http://jimrogers1.blogspot.com or the other Jim Rogers Blog http://jimrogers-blog.blogspot.com, for the full story, >>>>]]
We may even have exchange controls in the United States the next ... READ THE REST OF THE ARTICLE ON THE NEW WEBSITE: JIM ROGERS TALKS MARKETS
The central banks have already told us that interest rates are going to go higher. America has already raised interest... READ THE REST OF THE ARTICLE ON THE NEW WEBSITE: JIM ROGERS TALKS MARKETS
Известный американский экономист, инвестор Джим Роджерс в интервью Rambler News Service рассказал, когда российский рубль станет крепче американского доллара.
Американский инвестор предрек глобальный экономический кризис в 2018 году. Глобальный экономический кризис начнется в 2018 году, возможно даже в конце 2017 года. Об этом в интервью Rambler News Service заявил американский инвестор, владелец Rogers Holdings Джим Роджерс. Напуганные экономическим спадом люди будут покупать доллары, так как американскую валюту принято считать надежным активом, отметил он. «Доллар взлетит очень высоко, превратится в "пузырь" и рухнет», — сказал Роджерс.
Video - "Gold Should Probably Be $5000" - CME Chairman Duffy - Fed has caused “frustration” and “confusion” in market place- "If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce"- "If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce"- "Lot of us are so jaded about what is going on in the world, it is like yesterday's newspaper in five minutes"- "One day you will not be able to dismiss them and you will see a huge move in the precious metals"- Gold "coins are probably of more value than anything else" - CME President Duffy on Bloomberg in 2013 Watch CME Chairman Duffy on markets and gold on Fox Business Related ContentGold "Coins Are Probably Of More Value Than Anything Else" - CME President “They Don’t Want Certificates, They Want the Real Product” – CME President on Gold Gold and Silver Bullion - News and Commentary Gold stretches streak of gains to a third session (MarketWatch.com) Dollar dips after Yellen, loonie near 13-month high on BOC rate hike (Reuters.com) Platinum demand faces massive impact from electric car growth: IPMI (Reuters.com) U.S. Stocks, Bonds Jump on Go-Slow Fed; Oil Climbs (Bloomberg.com) Janet Yellen Says Low Inflation Still Major Source of Uncertainty (Bloomberg.com) Gold should probably be $5000-6000 per ounce: CME Group Chairman (FoxBusiness.com) This hammered precious metal could surge 10 percent within months: Analyst (CNBC.com) BoE regulator warns UK banks on accounting practices (FinancialTimes) Credit market a bigger systemic risk than during 2008 crisis: Bank of England (Reuters.com) Carillion’s lesson for investors: pay attention to short-sellers (MoneySeek.com) Gold Prices (LBMA AM) 13 Jul: USD 1,221.40, GBP 944.51 & EUR 1,071.05 per ounce12 Jul: USD 1,219.40, GBP 947.60 & EUR 1,064.29 per ounce11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce Silver Prices (LBMA) 13 Jul: USD 15.95, GBP 12.34 & EUR 14.00 per ounce12 Jul: USD 15.83, GBP 12.31 & EUR 13.82 per ounce11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce Recent Market Updates - India Gold Imports Surge To 5 Year High – 220 Tons In May Alone- “Silver’s Plunge Is Nearing Completion”- China, Russia Alliance Deepens Against American Overstretch- Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute- Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis- Buy Gold Near $1,200 “As Insurance” – UBS Wealth- UK House Prices ‘On Brink’ Of Massive 40% Collapse- Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016- Pensions Timebomb In America – “National Crisis” Cometh- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess- Shrinkflation – Real Inflation Much Higher Than Reported- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash- Worst Crash In Our Lifetime Coming – Jim Rogers Important Guides For your perusal, below are our most popular guides in 2017: Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) Please share our research with family, friends and colleagues who you think would benefit from being informed by it. Special Offer - Gold Sovereigns at 3% Premium - London Storage We have a very special offer on Sovereigns for London Storage today. Own one of the most popular and liquid of all bullion coins - Gold Sovereigns - at the lowest rates in the market for storage. Limited Gold Sovereigns (0.2354 oz) available Pricing at spot + 3.0% premium Allocated, segregated storage in London Normally sell at spot gold plus 6.75% to 10% One of most sought after bullion coins in the world Mixed year, circulated bullion coins Minimum order size is 20 coins These coins are at a very low price and with limited amounts at these record low prices we expect them to sell out very fast. Call our office today UK +44 (0)203 086 9200IRL +353 (0)1 632 5010US +1 (302)635 1160
- India gold imports in H1, 2017 greater than all of 2016- India imported 521 tonnes of gold in first half of 2017- H1 figure for gold imports $22.2 Bln versus $23 Bln in all '16- Gold demand was up 15% year- on-year in the first quarter- June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago- Annual total set to surpass 900 tons, strongest year since '12- “I trust gold more than the currencies of countries” - 63% of Indians in Survey Editor: Mark O'Byrne Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India. Imports totalled 521 tonnes in the first half of this year, compared to just 510 tonnes in all of 2016. Should buying levels continue then India could end 2017 having imported over 900 tonnes, a level not seen since 2012. These figures are impressive given where the country’s gold demand was at the end of the 2016. The low figure of just 510 tonnes imported in the entire year was mainly thanks to a range of political and economic issues which had a more negative role than anyone foresaw. Many of those issues are now resolved, but some had lingering effects. Some good, some bad. So it is with tentative celebration that we look at this boost in gold demand from the world’s second-largest lover of gold and ask how the country has begun to favour gold once again and if it will continue at pace. 2016: A tough year for gold buyers Last year physical gold demand - for gold coins, gold bars and jewelery - in India hit a seven year low not because of a loss in interest in the precious metal but thanks to a range of political and economic factors. The biggest of these events was of course the sudden announcement by the government to immediately remove all Rs500 and Rs1,000 notes by 30 December. A total of Rs15.44 trillion ($220 billion) – or 86% of the currency in circulation – was abandoned almost overnight. Whilst many internationally and in India itself, especially their many small and medium enterprises, looked on in horror at the impact this had on savers and on the economy, the Governor of the Reserve Bank of India, Urjit Patel’s prediction that the economic recovery would be ‘V’ shaped has come to fruition. The World Gold Council’s June newsletter draws attention to two significant indicators, the Composite PMI and the sale of motorcycles, which have demonstrated this V-recovery. The sale of motorcycles are a good indicator of the health of India’s cash economy. Last year sales halved in one month, to their lowest in six years. The PMI dropped to its lowest level on record. Both have since rebounded. Whilst there are still some controls on cash, new money has been printed and is making its way into circulation. Cash in circulation has increased by 58% in the first half 2017, this will no doubt help the economy past the liquidity squeeze. 2016 wasn’t just about the war-on-cash in India. The gold market was also negatively affected by a prolonged jewellers strike. Sales of gold were crippled across the country as a result. The strike is now over and supply of jewellery to the market has reportedly returned to normal levels. Cashless push, good for gold In the short-term the removal of 86% of the country’s cash was clearly damaging to physical gold demand and there are some lingering effects that will continue to impact the market. The first of these is that as of April 1 2017, all cash transactions over RS200,000 (US$3,000) are banned. This is likely to prove problematic for those in rural areas where access to banking, cheques and electronic payments is not common. We obviously don’t know what the impact of this will be. It may curb gold purchases all together, or we may see a change in gold buying behaviour namely pushing demand onto the black market or buyers spreading their purchases over a period of time. The above is a negative, but something which is only likely to impact in the short-term. If at all, it may not given the ruling came into play in April and purchases have remained strong since then. Ultimately over time buying behaviours will change rather than the desire to hold gold. How do we know this? Aside from India’s gold demand holding strong over hundreds of years a fantastic World Gold Council survey carried out last year found the following results: “I trust gold more than the currencies of countries.”63% of respondents in India agreed with the statement. “Gold makes me feel secure for the long-term.”And 73% of respondents in India agreed with the statement. Whilst the survey was carried out before November 2016, we have little doubt that the sentiments echoed in the WGC’s survey are even stronger given the somewhat underhanded way in which the government went about removing cash from circulation - and the severe impacts on many ordinary Indian savers and business people. Will strong demand keep going? Whilst the country appears to have recovered from the demonetisation of November-December 2016, there are new factors which will both negatively and positively impact the demand for physical gold. One of these is the new change and simplification of the GST. Last month the government announced an increase of GST on gold products from 1.2% to 3%. It is likely that much of the rush to buy gold in the first half of the year was partly due to concerns over the forthcoming rate hike. Gold dealers were likely looking to stock up on gold, ahead of any planned increases in the price. Therefore we may see a drop in demand now the GST rate has been announced and recently implemented. Or we may not. The change in GST could add some much needed efficiencies to the Indian gold market. Despite the increase in GST, the move was ultimately welcomed by the gold market who had expected a higher hike, to perhaps 5%. As the WGC wrote in last month’s report: GST should eliminate double taxation and improve supply chain efficiencies. It can make the gold industry more transparent which, coupled with recent hallmarking legislation, should ensure gold buyers have confidence in the gold products they buy, rather than continuing to suffer from the gross level of under-carating they have previously endured. This is particularly good news when you consider the inflation-busting wage hike that government employees and pensioners are due this year. This will no doubt support demand for physical gold as will the additional income farmers are currently enjoying following the bumper agricultural crop in 2016, following the best monsoon in three years. Gold demand cannot be calmed in IndiaBoth rural and city incomes are set to climb in the coming months thanks to these factors, so it is unlikely a small increase in tax will put off anyone intending to buy gold. Of course, in the short term it is likely GST will pose challenges for the industry, particularly for small artisan jewellers. But overall the move is likely to put more confidence in the marketplace. Like everything in markets, pictures tell a very different story when you look at the long and short-term factors. Last year, gold demand in India was very weak. Stories circulated about the growing middle-class and their lack of interest in the gold that the older generations have so desired. Long-term, there have always been changing fortunes, changing government policies and factors which will both positively and negatively impact the demand for gold. However, gold demand has always remained strong and India, alongside China, remains the world’s top gold buyers. ConclusionObservers are right to be positive about Indian gold demand in the long-term. Economic growth will likely continue to push demand higher thanks to the groundswell of young Indians set to enter the workplace, growing middle class incomes and the poor performance of the rupee as a store of value. There will inevitably be peaks and troughs and ebbs and flows along the way, but gold will remain a key part of the Indian 'saving DNA'. Therefore India will continue to be a vital and significant source of demand in the global gold market. News and Commentary Gold books gain for second straight session (MarketWatch.com) Emails show Russian prosecutor offered Trump Jr. information on Clinton (Reuters.com) Gold turns higher as US stocks stage brief drop (FXStreet.com) Gold positive but upside limited as Yellen testimony looms (Investing.com) U.S. Stocks Rebound From Early Shock, Oil Rises (Bloomberg.com) Want to Know What's Really Out of Favor? Gold (TheStreet.com) Gold Stocks' Summer Bottom (MarketOracle.co.uk) Gold - Pet Rock Revisited (TFMetalsReport.com) The Breaking Point & Death Of Keynes (ZeroHedge.com) India Removes 220 Tons of Physical Gold (GoldSeek.com) Gold Prices (LBMA AM) 12 Jul: USD 1,219.40, GBP 947.60 & EUR 1,064.29 per ounce11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce04 Jul: USD 1,224.25, GBP 947.32 & EUR 1,078.81 per ounce Silver Prices (LBMA) 12 Jul: USD 15.83, GBP 12.31 & EUR 13.82 per ounce11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce04 Jul: USD 16.15, GBP 12.48 & EUR 14.23 per ounce Recent Market Updates - “Silver’s Plunge Is Nearing Completion”- China, Russia Alliance Deepens Against American Overstretch- Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute- Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis- Buy Gold Near $1,200 “As Insurance” – UBS Wealth- UK House Prices ‘On Brink’ Of Massive 40% Collapse- Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016- Pensions Timebomb In America – “National Crisis” Cometh- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess- Shrinkflation – Real Inflation Much Higher Than Reported- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash- Worst Crash In Our Lifetime Coming – Jim Rogers- Go for Gold – Win a beautiful Gold Sovereign coin Important Guides For your perusal, below are our most popular guides in 2017: Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
JIM ROGERS - 8 Jun 2017 - Markets Crash Later This Year Or Next, Write It Down In this episode we interview the legendary Jim Rogers. He is an American businessman, investor, traveler, financial commentator and author based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland... This is an excerpt only please visit http://jimrogers1.blogspot.com or the other Jim Rogers Blog http://jimrogers-blog.blogspot.com, for the full story, >>>>]]
Министерство финансов России ожидает, что в ближайшие три года условия внешних заимствований для стран с развивающейся экономикой будут ужесточаться. Это связано с изменениями денежно-кредитной политики ведущих центробанков мира.
Министерство финансов России ожидает, что в ближайшие три года условия внешних заимствований для стран с развивающейся экономикой будут ужесточаться. Это связано с изменениями денежно-кредитной политики ведущих Центробанков мира.
“Silver’s Plunge Is Nearing Completion” - Silver's plunge is nearing completion - Bloomberg analyst- Silver's 10% sharp fall in seconds remains “mystery"- Plunge despite anemic global supply and strong demand- Total silver supply declined in '16 - lowest level since '13- Silver mine production down in '16, first time in 14 years- Total silver supply decreased by 32.6 Mln Ozs in 2016- Supply deficit in 2016- fourth consecutive year (see table)- "Falling knife" caution but opportunity presenting itself Silver has had a torrid time of late with a the "flash crash" seeing a massive $450 million silver futures sell order pushing silver 10% lower in seconds and follow through selling later Friday after the better than expected U.S. jobs number. The electronic futures silver and gold exchanges continue to 'wag the dog' of the global silver and gold markets ... for now. If one had just looked at the short-term trends of silver at the end of 2016, you would have thought we would be mad to predict that 2017 would be a bearish year. At the time it appeared as though silver was in a new bull market and in the early months of 2017 the price climbed by around 9%. But since April silver has handed back its gains and some and it is now down 3% for the year. This has been counter intuitive to gold and silver investors alike who are looking at an economy filled with macroeconomic, geopolitical and indeed monetary uncertainty and central banks who appear increasingly fallible as the months go on. Some were left wondering how much lower silver could go when last Wednesday it fell through the important $16 level for the first time in 2017. In addition, the silver price weakness was given an extra push two days later when it collapsed by 10% in a matter of seconds. The reasons why this happened are still unknown, if it was a mistake then no-one is owning up to it and if it was a result of a desire to shift off $450 million worth of silver futures in minute then we will never know. But their might be a (silver-powered) light at the end of the tunnel. Some silver market and industry experts are forecasting the silver plunge to be coming to an end. A justified plunge ended by global yields Bloomberg’s Michael Cudmore believes that the plunge in silver was justified ‘Gold and silver have a particularly strong correlation with real rates since the metals provide no yield, and hence demand is inversely related to the opportunity cost of speculation. An environment in which global bond yields are rising in the absence of significant inflationary pressures is about as bad as it gets for speculative precious metals, so the move makes sense.’ But, Cudmore argues, it won’t stay like this forever. ‘If the rise in global yields persists, then severe spillover effects in other asset markets could prompt a bid for precious metal havens again. So we are approaching the point where both higher yields and lower yields have the potential to boost the asset class.’ New diversified industrial demand But for many investors, talk of very short term yield hikes are about as handy as a wet finger in the air. Is the picture still as bullish when you look at the basic fundamentals of physical silver demand and silver supply? According to the Silver Institute around 55% of all silver consumed is for industrial use. The remainder is taken up by jewellery, coin, bullion and silverware. As a result of this dual demand, one can understandably get distracted by figures that suggest investment demand is down and therefore the price outlook is bearish. But, on the other side of the demand coin things are not only looking positive but the face of industrial demand for silver is also changing. This is an indicator of a market which is able to be agile in the face of changing times. Something which cannot be said for other markets so involved in technology. Bearish commentators like to refer to the falling in use for silver in the field of photography, once a big source of demand. However, the Silver Institute remind us that this has been the case for many years and is unlikely to be impacting upon demand figures now, ‘Photographic demand fell by just 3 percent in 2016 to 45.2 Moz, representing the lowest percentage decline since 2004, potentially indicating that the bulk of structural change in the photography market is over and that current fabrication volumes may be largely sustainable.’ In the meantime, bears would be wise to remember that there are several other applications for industrial silver and they are growing. In the 2017 silver survey data showed new highs were recorded for silver’s growing use in the photovoltaic (solar energy) and ethylene oxide (essential ingredients in plastics) sectors. These are two major and growing sectors for industrial silver. By way of example, photovoltaic demand climbed by another 34% in 2016, the strongest growth in six years thanks to a 49% increase in demand for solar panels. In all it appears that the physical demand for industrial use silver is still at a strong level. Declining supply? As readers know silver has a dual role: it is a precious metal and an industrial one. This means that when one might expect it to react to monetary events such as a rate hike, it doesn’t because other factors are also at the forefront of traders’ minds. For silver the weak performance of both gold and base metals in the last few months has weighed down on the price, an almost double whammy if you will. In 2016 the total demand for silver decreased marginally to 1.028 billion ounces, but declining supply meant that importantly 2016 was the fourth consecutive year with a supply deficit. Scrap supply has been falling for some time and posted its lowest level since 1996. Meanwhile in 2016 global silver mine production recorded its first decline since 2002. When added to declining silver scrap supply and a contraction in producer hedging, total silver supply decreased by 32.6 million ounces last year. It does not appear as though the mining figures are set to improve. The Silver Survey 2017 report shows that the total silver mined in 2016 fell by 0.6% to 885.8 million oz. A large proportion of the drop was attributable to the lower output from the lead, zinc and gold sectors. According to the Silver Institute 2017 survey, only 30% of the mined silver comes from mines whose primary metal is silver. 12% comes from primary gold mines and 23% is mined as part of primary copper deposit. Given current gold and copper prices, it is not impossible to imagine further pressure on silver’s supply side given very few new mines will be developed in the current price environment. "Falling knife" caution but buying opportunity presenting itself The commentary space has generally been quiet about the price of silver. Instead, the behaviour of gold in relation to the geopolitical sphere has been the main topic of interest. However, we appear to be close to a bottom in silver. This is in relation to both very positive supply demand fundamentals but also the likelihood of continuing robust investment demand as evidenced in robust silver ETF holdings. In the short term, no one really knows where the price is headed to and silver looks vulnerable to further selling in the very short term. During similar price falls over the years we have warned not to "catch a falling knife" on many occasions and this was echoed by Cudmore in his Bloomberg piece (on the terminal) as published on Zero Hedge. However, one thing is for sure, silver remains great value given the still very strong fundamentals and when compared to valuations in stock and bond markets. Silver and gold buyers should use the most recent bout of "mystery" selling as an opportunity to stack up on silver coins and bars in order to get long term exposure and financial insurance at short-term, discounted prices. News and Commentary Gold inches lower as market awaits rate hike cues (Reuters.com) Gold, Silver Stable After Recent Beatdown (LSE.co.uk) U.S. Stocks Rise on Tech Bounce, Commodities Gain (Bloomberg.com) LME launches bid for slice of $5 trillion London gold market (Reuters.com) U.S. ready for unilateral sanctions against North Korea (MarketWatch.com) Exclusive: Aztec golden wolf sacrifice yields rich trove in Mexico City (Reuters.com) Why One Trader Thinks "Silver's Plunge Is Nearing Completion" (ZeroHedge.com) Silver Flash-Crash - "There's No Such Thing As A Bad Tick" (ZeroHedge.com) Recent gold decline means cusp of move higher (AveryBGoodMan.com) Deutsche Bundesbank gold reserves shrink 45 tons over the past ten years (SmaulGLD.com) Bankers' Endgame and the Rise of Gold and Silver (GoldSeek.com) Gold Prices (LBMA AM) 11 Jul: USD 1,211.90, GBP 938.98 & EUR 1,063.68 per ounce10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce04 Jul: USD 1,224.25, GBP 947.32 & EUR 1,078.81 per ounce03 Jul: USD 1,235.20, GBP 952.09 & EUR 1,085.00 per ounce Silver Prices (LBMA) 11 Jul: USD 15.51, GBP 12.02 & EUR 13.61 per ounce10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce04 Jul: USD 16.15, GBP 12.48 & EUR 14.23 per ounce03 Jul: USD 16.48, GBP 12.72 & EUR 14.49 per ounce Recent Market Updates - China, Russia Alliance Deepens Against American Overstretch- Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute- Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis- Buy Gold Near $1,200 “As Insurance” – UBS Wealth- UK House Prices ‘On Brink’ Of Massive 40% Collapse- Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016- Pensions Timebomb In America – “National Crisis” Cometh- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess- Shrinkflation – Real Inflation Much Higher Than Reported- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash- Worst Crash In Our Lifetime Coming – Jim Rogers- Go for Gold – Win a beautiful Gold Sovereign coin- Only Gold Lasts Forever Important Guides For your perusal, below are our most popular guides in 2017: Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
China, Russia Alliance Deepens Against American Overstretch - China and Russia allied on Syria and North Korea- Beijing & Moscow economic & monetary ties deepen- Trump needs Russia in order to maintain balance of power in superpower triumvirate- Sino-Russian relations currently in their “best time in history” says Chinese President ahead of G20- China, Russia call for calm diplomacy on Syria, Korea- China, Russia "fed up with Washington's pursuit of hegemony"- US is "biggest source of global strategic risks" according to China state media- Important calm and diplomacy prevails to prevent nuclear war ‘Trump and Putin meet for the first time and the handshake wasn’t what you expected!’ read the headline on my in-flight entertainment newsfeed, on Friday afternoon. I’m not sure what the Mirror website thought I was expecting the handshake between the US and Russian leader to be like, but by all accounts it was a relatively normal handshake given it was no doubt the most important diplomatic meeting of 2017. The handshake between the US and Russian Presidents was always going to be newsworthy, no matter who was in power but not since the Cold War have the stakes been so high in a meeting between the two leaders. The meeting was scheduled for 30 minutes, but went on for more than 2 hours. Both men continuously praising one another. One of the outcomes of the meeting was an announcement by Trump that the two countries would work together on cybersecurity. This prompted much derision from senior politicians, Republican Senator Lindsey Graham said: "It's not the dumbest idea I've ever heard, but it's pretty close." The decision to work with Russia was described as a ‘significant’ accomplishment’ by Treasury Secretary Steve Mnuchin. Then, in classic Trump-style, the US president backtracked on the proposal to work with Russia tweeting "The fact that President Putin and I discussed a cybersecurity unit doesn't mean I think it can happen. It can’t.” This move by Trump is not uncommon. He has seemingly flip-flopped since his election campaign on working alongside or against the world’s two other superpowers, Russia and China. When it comes to Russia, Trump’s less-than-slick management of his special White House advisory team has meant that the US President has not got far with Putin. Last week a UN report stated that nationalism, protectionism and attitudes of "my country first" posed threats to the United Nation's global goals. It seems that now more than ever Trump must get relations with the super powers, onto an even keel. Trump is aware that the US has similar issues with Russia and that it must get Putin on side to a degree or at least neutral in order to confront the more powerful China. The US needs to work with President Xi Jinping on globally important matters such as North Korea. But there are elephants in the room which also must be confronted, namely currency manipulation, trade, climate change and deepening tensions in the South China Sea. As James Rickard’s writes, “one power in a three-power game, it is essential to have an alliance with the other power, or at least keep it neutral. The US needs a neutral or friendly Russia before it confronts China.” But, at the beginning of last week observers were asking if Russia and China were perhaps getting too close for the United States’ liking or advantage. Perhaps the calamitous arrival of Trump and his new approach to diplomacy (i.e. tweet it) has opened up an opportunity for both Putin and Xi Jin-ping to push ahead with their alliance. The outcome of which may be a lesson in how the US must stop overreaching when it comes to geopolitics. Sino–Russian relationship: Entente or alliance? Ahead of the G20 meeting last week China’s President Xi Jin-ping met with President Putin in Moscow. This was Xi’s sixth visit to Russia since becoming president, and the third meeting between the two heads of states in the last six months. Neither country has ever referred to the other as an ally, but the meeting was strategic in terms of the Sino–Russian comprehensive relationship, both politically and economically. During the two day meeting, the two countries signed deals which will allow Russia to bypass Western sanctions by China agreeing to fund investments in Russia worth billions of dollars. Both the Russian Direct Investment Fund (RDIF), a sovereign wealth fund and VEB, Russia's state development bank are subject to US sanctions. But both have now signed deals with China Development Bank. The deals will will finance infrastructure and development projects as well as a new innovation fund. The purpose of the US and Western sanctions was to cut Russia off from long term financing in the U.S. and EU. These new deals will be set up in Russia and China's own currencies and are a demonstration to the West that Russia cannot be cut off from major trading partners and the global market place and the US no longer has the means or power to do so. It is worth reminding readers at this point of Putin’s comments last year that both "Russia and China need to secure their gold and foreign reserves.” It’s unlikely Putin was speaking out of turn by mentioning China’s monetary policy. Both countries central banks continue to increase their gold reserves and are accumulating large gold in anticipation of currency wars reigniting in the coming months. Concerns about systemic risk and the coming devaluation of the dollar, euro and other major currencies has led to ongoing diversification into gold bullion by large creditor nation central banks such as Russia and China. Influential state media Chinese daily, the Global Times, reported last Monday that China and Russia have decided to deepen their ties because they are "fed up with Washington's pursuit of hegemony." The US and other Western countries are yet to pass comment on these new deals. It is likely that they are each treading carefully, fully aware that they need Russia and China on side when it comes to more pressing matters such as Syria and North Korea. Whilst neither Russia nor China mentioned the US in relation to the two countries’ meetings, nor were they mentioned in joint statements, it was easy enough to connect the dots in terms of where both Putin’s and Xi’s concerns lie. "To strengthen global strategic stability' is a new way of speaking to remind people of the US being the biggest source of global strategic risks," explained the Global Times. "The joint statements (show) both Beijing and Moscow are fed up with Washington's pursuit of hegemony. Beijing and Moscow have confirmed that their relationship is not an alliance, and it is not aimed at a third party. The affirmation is not rhetoric, but their real deliberation. A China-Russia alliance, which will bring a game-changing impact on world order, is not in the interests of either side. They are more willing to develop all-out diplomacy and maintain a normal relationship with the Western world. However, the US efforts to encroach on China and Russia's strategic room has rendered an interdependence between Beijing and Moscow over some core interest issues.” In the name of national sovereignty Russia and China appear to be working together on the basis of preserving national sovereignty. For too long the US has used many means to advance its own goals of so-called democratisation around the world. One example is NGOs, both international and domestic. Even Colin Powell once spoke of the US advancing its own goals in terms of democratising authoritarian regimes and market economics. “I have made it clear to my staff here and to all of our ambassadors around the world that I am serious about making sure we have the best relationship with the NGOs who are such a force multiplier for us, such an important part of our combat team.” More recently the US has been exceptionally vocal about how it will ‘manage’ regimes with which it does not agree. This has seemingly been seen as an overstep too far especially as they have been far-reaching in who to blame for various issues. Nikki Haley is one of the most prominent figures in this aggressive form of US 'diplomacy'. The US ambassador to the United Nations followed a bizarre White House press release about a supposed Syrian gas attack with the following tweet "Any further attacks done to the people of Syria will be blamed on Assad, but also on Russia & Iran who support him killing his own people." Haley has positioned herself as both judge and executioner, not only in regard to Syria but also the more powerful Russia and Iran. So far Haley remains in her position, with little criticism from the White House. Meanwhile, it is clear that both Russia and China are resentful of America’s actions when it comes to Syria. Both are apparently suspicious that the U.S. is attempting to stir up trouble in the hope of eliminating unwanted political leaders. Diplomacy lessons, from Russia and China When Putin and Xi met last week, they expressed their mutual concerns regarding both Syria and North Korea not in a tweet or in a cloud of emotion but in a far more diplomatic fashion. They released joint-statements calling for calm. "The sides emphasize that in matters of chemical weapons in Syria, all parties, with respect to Syrian sovereignty, must support the efforts of the Organization for the Prohibition of Chemical Weapons [OPCW] and relevant UN structures to conduct an independent and comprehensive investigation in order to obtain irrefutable evidence, establish genuine circumstances and draw conclusions that are capable of withstanding the verification by facts and time." Calling for calm heads and diplomacy the statement went on to state that both China and Russia ‘strongly condemn any use of chemical weapons anywhere and by anyone.’ Calm heads is the opposite of Nikki Haley who is about as subtle at diplomacy as Trump is with a blonde Irish reporter invited into the Oval office. Any alliance (whether formal or otherwise) between two countries as powerful as Russia and China, in the Middle East is the last thing the US wants to be fighting against. The call for calm will not only reverberate well throughout countries in the Middle East and North Africa which have been devastated by the ongoing wars in the region. It will also resonated well with European nations which are becoming destablised by the massive exodus of desperate people from destroyed states into the EU, creating a wave of populist backlash. This call for calm and peace has been particularly reflected in the Qatar crisis. Last Monday China’s UN ambassador said the best way for the crisis to be resolved was to employ the radical solution of…letting the four countries sit down, talk diplomatically, negotiate and thereby sort it out themselves. The power of China in the face of nuclear war Both China and Russia are concerned and strongly opposed to the controversial US missile system known as the Terminal High Altitude Area Defense (THAAD) positioned in South Korea, to defend against North Korea. Despite assurances to the contrary, China are concerned the missiles could be trained on China itself. Russia is also concerned about the positioning of the missiles and issued a joint-statement citing “strong opposition against the unilateral installation of anti-missile systems in Europe and Asia-Pacific by some specific countries at the expense of others’ security interests.” When it comes to North Korea, no one is ignoring the real threat that exists. But, both Putin and Xi are calling for restraint on both sides. In the same joint statement, they called for ‘a mutual freeze on Pyongyang’s nuclear program and U.S.-South Korean military manoeuvres in the region.’ The US needs to tread carefully here as China is their only real hope when it comes to settling the North Korea crisis peacefully. China is all too aware of the amount of leverage it has over North Korea and, therefore, America. The People’s Republic of China accounts for over 75% of North Korean exports, this gives it a huge amount of power when it comes to sanctions on the country. Not everyone is convinced that China’s help with North Korea is with the desire to reduce their nuclear power. Adam Mount, a senior fellow at the liberal Center for American Progress expressed concern over China and Russia’s joint approach, “I think we need to be aware of the possibility that China and Russia could take a step back from containing the regime and move towards increased diplomatic recognition, which could someday lead to their recognition of North Korea as a nuclear state.” Will the triumvirate ever exist? At the moment there are three main superpowers. Will they ever exist in a true triumvirate, or is the tussle of power too great and the outcomes desired too different? At the moment it seems they all hold leverage over one another in various ways. But, for the first time in modern history the US isn’t able to bring the most amount of chips to the table. For too long the US has believed that threats and sanctions alone will keep the Russia and China’s ideas of grandeur, in check. But the world has been changing for a while, with Sino-Russian relations taking advantage and preparing accordingly. It seems the arrival of Trump and his erratic and badly managed team has exacerbated pre-existing trends and given Putin and Xi with the opportunity to further advance themselves as two emerging superpowers in a world which is moving from US hegemony to a multi polar world. News and Commentary Gold prices edge down on steady dollar, firmer stocks (India Times) India imports more gold in H1 than all of 2016 (Mining.com) Another Bullion Flash Crash Is Testing Traders (Bloomberg) Gold Buyers Flee a Month After Their Most Bullish Bet of '17 (Bloomberg) Gold prices down a fifth week in a row; silver drops to lowest in over a year (Marketwatch) Giant Metals Exchange Is Taking on the Gold Elite (Bloomberg) Global Silver Mine Production Drops in 2016 for First Time in 14 Years (Silver Institute) Silver Sinks In Market Mystery (Pound Sterling Live) Where are Slavs on ‘Gold Reserve’ map of Europe (Slavorum) Qatar’s hoard of $340 billion and gold bullion means it’s not worrying about the current boycott (CNBC) Gold Prices (LBMA AM) 10 Jul: USD 1,207.55, GBP 938.63 & EUR 1,060.11 per ounce07 Jul: USD 1,220.40, GBP 944.47 & EUR 1,068.95 per ounce06 Jul: USD 1,224.30, GBP 946.14 & EUR 1,077.51 per ounce05 Jul: USD 1,221.90, GBP 945.87 & EUR 1,078.45 per ounce04 Jul: USD 1,224.25, GBP 947.32 & EUR 1,078.81 per ounce03 Jul: USD 1,235.20, GBP 952.09 & EUR 1,085.00 per ounce30 Jun: USD 1,243.25, GBP 957.43 & EUR 1,090.83 per ounce Silver Prices (LBMA) 10 Jul: USD 15.22, GBP 11.82 & EUR 13.36 per ounce07 Jul: USD 15.84, GBP 12.29 & EUR 13.88 per ounce06 Jul: USD 16.01, GBP 12.36 & EUR 14.09 per ounce05 Jul: USD 15.95, GBP 12.36 & EUR 14.09 per ounce04 Jul: USD 16.15, GBP 12.48 & EUR 14.23 per ounce03 Jul: USD 16.48, GBP 12.72 & EUR 14.49 per ounce30 Jun: USD 16.47, GBP 12.69 & EUR 14.44 per ounce Recent Market Updates - Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute- Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis- Buy Gold Near $1,200 “As Insurance” – UBS Wealth- UK House Prices ‘On Brink’ Of Massive 40% Collapse- Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016- Pensions Timebomb In America – “National Crisis” Cometh- London Property Bubble Bursting? UK In Unchartered Territory On Brexit and Election Mess- Shrinkflation – Real Inflation Much Higher Than Reported- Goldman, Citi Turn Positive On Gold – Despite “Mysterious” Flash Crash- Worst Crash In Our Lifetime Coming – Jim Rogers- Go for Gold – Win a beautiful Gold Sovereign coin- Only Gold Lasts Forever- Your Future Wealth Depends on what You Decide to Keep and Invest in Now Important Guides For your perusal, below are our most popular guides in 2017: Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
В декабре 2007 года миллиардер и "гуру инвестиций" (как его называют в западной прессе) Джим Роджерс продал свой особняк в Нью-Йорке и переехал в Сингапур, утверждая, что наступило время, когда основной инвестиционный потенциал мировой экономики перемещается на азиатские рынки: "Если вы были умны в 1807 году - вы переезжали в Лондон, если вы были умны […]
Джим Роджерс: "Владельцы сбережений во всём мире разоряются, а это ведёт к очень плохим последствиям
Джим Роджерс осуждает растущую неуверенность и безрассудство глобальных органов центрального планирования, так как финансовые рынки входят в область неизведанного:Первый раз за всю историю ведения записей практически все центральные банки печатают деньги и пытаются обесценить свою валюту. Такого никогда не было раньше. К чему это приведёт, я не знаю. Зависит от того, кто делает это раньше и больше, и все это делают по очереди. Когда говорят, что валюта обесценивается, вопрос — по отношению к чему? поскольку все они стремятся к снижению своей стоимости. Это необычный момент в мировой истории.Я владею долларами, не потому что у меня есть какое-то доверие к доллару, и не потому, что это звучит — это глубоко порочные деньги — но я ожидаю дальнейшую валютную сумятицу, дальнейшие финансовые потрясения. В такие периоды люди, неизвестно почему, бегут к доллару США как в безопасную гавань. Вот почему доллар растёт. Вот почему я держу доллары. Надо ли будет держать их через пять, десять лет? Не знаю.Этим, по мнению Роджерса, сильно усложняется задача для инвестора, который ищет приемлемое соотношение риска и вознаграждения, или для вкладчика, который хочет сохранить покупательную способность денег — любые варианты не лишены уязвимости:Я владею золотом, серебром, драгоценными металлами. Я владею всеми товарами, которые обеспечивают лучший способ действий при девальвации валют. Я владею достаточным количеством сельскохозяйственной продукции, в большим, чем объём других активов, по причинам, о которых говорилось ранее — мы говорили о безрисковом или безопасном инвестировании. Даже золото: индийские политики говорят о сильном стремлении к золоту, а Индия — самый крупный покупатель золота в мире. Если индийские политики предпринимают такие действия, золото может продолжить вектор. Так что я держу золото. Я не продаю его. Но во всём есть проблемы.По словам Роджерса, большей опасностью для него является уничтожение «класса вкладчиков», как следствие имеющейся ситуации. Центральные планирующие органы наказывают разумных ради спасения безответственных. Такое случалось в историираньше, и всегда это влекло за собой тяжёлые экономические и социальные последствия, и часто изменяло способ мышления:В течение всей истории — истории любой страны — люди, которые экономят свои деньги и инвестируют в своё будущее — это опора экономики, общества, страны.В Америке многие люди экономили деньги, откладывали их не покупали четыре или пять домов, не имея работы и наличности. Они делали то, что большинство людей считают правильным, и что всегда в истории считалось правильным. Но теперь, к сожалению, эти люди разоряются, потому что они получают 0% дохода, или почти никакого дохода, со своих сбережений и инвестиций. Мы разоряем их в пользу людей, погрязших в долгах, поступавших, по общему мнению, неправильно, в ущерб людям, поступавшим правильно. Это будет иметь ужасные долгосрочные последствия для любой страны, общества и экономики.Если обратиться к истории, можно видеть, что случилось в Германии, когда в 1920-х был разорён класс людей, откладывавших сбережения. В дальнейшем это не довело до добра. Это не довело до добра и в Италии, где происходило то же самое. Было много стран, где разорялись люди, откладывавшие сбережения на будущее. Как правило, возникает серьёзная политическая реакция, в некоторых случаях отчаяние, поиск Спасителя и простых ответов — вот что происходит, когда уничтожают людей, делающих сбережения и инвестирующих в будущее.Ссылка
Источник перевод для mixednews – molten18.11.2012Кайл Басс, Ларри Эдельсон, Чарльз Неннер, Джим Роджерс и Марк Фабер предсказывают масштабную войну:Пишет Кайл Басс:Триллионы долларов долгов будет реструктуризировано и миллионы финансово дисциплинированных вкладчиков потеряют большую часть своей покупательской способности в самый неподходящий период их жизни. Мир конечно не закончится, но социальная ткань расточительных стран растянется, и в некоторых случаях будет разорвана. К сожалению, оглядываясь на экономическую историю, слишком часто война становится простым проявлением дошедшей до своего логического завершения экономической энтропии. Мы считаем, что война является неизбежным следствием нынешней глобальной экономической ситуации.Ларри Эдельсон написал подписчикам письмо под названием, «Что «Циклы войны» говорят о 2013 -м», где говорится:С 80-х я изучаю так называемые «циклы войны» – естественные ритмы, которые предрасполагают для обществ скатывание в хаос, ненависть и гражданские или даже международные войны.Я, конечно, не первый, кто изучает эти своеобразные закономерности в истории. Были многие и до меня, и самый известный среди них, это Реймонд Вилер, который опубликовал наиболее заслуживающую внимания хронику войн, охватив данные за период в 2600 лет.Однако мало кто готов сейчас даже просто обсуждать этот вопрос. И основываясь на том, что я вижу, последствия в 2013-м могут быть просто огромны. Бывший технический аналитик Goldman Sachs Чарльз Неннер, который сделал некоторые крупные и точные прогнозы, говорит, что «крупная война начнётся в конце 2012-го, в 2013-м», и приведёт к падению индекса Доу до пяти тысяч пунктов.Почему эти экономические гуру прогнозируют войну?С одной стороны, многие влиятельные люди ошибочно полагают, что война является благом для экономики.Кроме того, Джим Роджерс говорит:Если всё обернётся торговой войной, это наиболее важная вещь 2011 года», говорит Роджерс. «Торговые войны всегда ведут к войнам. Никто не выигрывает в торговых войнах, кроме генералов, которые сражаются в физических войнах, когда они случаются. Это очень опасно». Также Роджерс сказал, что продолжение спасательных мер в Европе в итоге может разжечь новую мировую войну.«Добавьте долгов, ситуация становится ещё хуже, и в итоге всё просто обваливается. И тогда все начинают искать козлов отпущения. Политики обвиняют иностранцев, и вот мы уже во Второй мировой или какой-нибудь ещё мировой войне».А Марк Фабер говорит, что американское правительство начнёт новые войны в ответ на экономический кризис:«Следующим, что правительство сделает, чтобы отвлечь внимание людей от плохой экономической ситуации, это начнёт где-нибудь войну».«Если мировая экономика не восстанавливается, как правило, люди отправляются на войну».Фабер также считает, что США, Китай и Россия могут начать войну из-за ближневосточной нефти.Ссылка