Tag: currency crisis

Jim Rickards: Gold Is Always Rallying Somewhere

Jim Rickards: Gold Is Always Rallying Somewhere

Gold is 25% up in the last 3 months, but it’s up in Yen, not dollars. This is where currency wars and gold dynamics come together. Gold is always rallying somewhere; right now it is rallying in Yen. Meantime you can always make money in gold, as it is always 5 o’clock somewhere.

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Yen Gold On Fire Today

Yen Gold On Fire Today

The Bank of Japan is committed to win the battle against deflation. In an attempt to stimulate their economy and to guarantee inflation, Japan announced they would pump $ 1.4 trillion in their economy in the next 24 months. As a result of that, the monetary base in Japan would double.

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China Concerned About QE & Currency War

At a certain point in 2011, the Chinese let their currency go up. Amazingly, right after they did it, their inflation, trade surplus and economy “cooled off”. So the exchange rate was pegged at a new level. That’s when the Fed announced QE3, and the same process started all over.

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Gold Price “Weakness” Explained By The Ongoing Currency War

Gold Price “Weakness” Explained By The Ongoing Currency War

Currency devaluations travel around the world, in cycles, and they are reflected in the gold price in the affected currency. The dollar remains fairly strong because every time there is a panic it goes with a flight to quality. The dollar maintains its value, so will keep on printing, until very suddenly and unexpectedly, there will be a loss of trust in the dollar.

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James Rickards: World Currency System Moving Towards Catastrophe

James Rickards: World Currency System Moving Towards Catastrophe

The world currency system is riding down the road to catastrophe. Those were the words from James Rickards during a recent interview on Wall Street Journal. The world already has entered a currency war that began in 2010 on the heels of the Federal Reserve’s massive easing program. Since then, plenty of nations have joined in, including Brazil, Switzerland and Japan.

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Gold Closer To Become Officially Money … Again

| January 13, 2013 | Articles: General

A new paper published by the Official Monetary and Financial Institutions Forum describes the gold is ready to become officially part of the monetary system … again. In order to stabilize the world monetary system, in the light of a deteriorating global currency war and the lack of a real alternative world reserve currency, gold is the only alternative currency that is ready to take on a leading role. One thing is for sure, it is the ONLY time tested currency as ALL paper based money systems have failed in history. Although the Renminbi is a candidate to play an leading role in the future, it is not ready to take up that role yet. Gold was money and gold continues to be money, although we temporarily somehow “forgot” in it in the West.

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Peter Schiff: First The Currency Cliff, Then Higher Inflation And Interest Rates

In a recent video, Peter Schiff explains the consequences of the increasing deficits to the American economy. Peter Schiff believes that things will play out in the following order: the crisis will first hit in the exchange markets, then in consumer prices (price inflation) and finally in the long term interest rates.

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Claudio Grass from Global Gold explains why and how Gold protects your wealth

Claudio Grass from Global Gold explains why and how Gold protects your wealth

August 1st, 2012. In the midst of the summer doldrums with a gold price flirting with the $ 1600 level and a silver price around $27 per ounce, Claudio Grass recorded his view on today’s economic climate. He is the managing director at Global Gold in Switzerland, a precious metals firm that provides a unique service for individual investors, professional investors and individuals who are concerned about protecting their assets against the ongoing debt crisis. In an audio podcast of 52 minutes, Claudio Grass shares a wealth of information and insights. He explains what the main reasons are to be invested in gold, as well as which gold investments you […]

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Europe: The Good News … If You’re American

| July 3, 2012 | Articles: Insights
Europe: The Good News … If You’re American

The Eurozone teetering on the edge of a breakup, writes Martin Hutchinson for Money Morning. This begs the question: Can the US economy “de-couple” from the Eurozone debt crisis? Ultimately, the answer comes down to fate of the Euro. It’s the linchpin to everything. From the point of view of one who has travelled fairly frequently in the Eurozone I can tell you I find the Euro very convenient indeed. In my London merchant banking days, when I used to go on marketing trips around continental Europe, I found that while the excellent European train service was a pleasure to use, the proliferation of local currencies made travelling a pain. There was nothing […]

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This currency war is like a giant game of money chess

| June 26, 2012 | Articles: Insights
This currency war is like a giant game of money chess

Regardless of how bad things get this week, just be thankful you’re not the Greek finance minister, writes Dan Denning for the Daily Reckoning Australia. Vassilios Rapanos resigned his post four days after being appointed. He’d been in the hospital after collapsing on Friday, probably after getting his first look at the real state of Greek finances. Greece will be one of the items on the agenda at this week’s European Union summit. The coalition led by new Greek prime minister Antonis Samaras pledged to renegotiate the terms of the previous bailout deal between Greece and the EU. That was the $163 billion deal. As if that wasn’t enough uncertainty for the […]

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Strong-Dollar Fallacy

Strong-Dollar Fallacy

After a shocking upset in Greece’s parliamentary elections, the US dollar surged dramatically. Soaring 5.4% in May alone, the world’s reserve currency won legions of fans among traders. “King Dollar” was universally lauded, with everyone jumping on the strong-dollar bandwagon. But this dazzling strength was merely a short-term phenomenon. Zoom out a little, and today’s “strong dollar” is a fallacy. Perspective is everything in the markets. Attaining it is challenging and takes a lot of effort, but the fruits are well worth the toil. We humans naturally tend to extrapolate the present and very recent past out into infinity, expecting short-term situations to continue indefinitely. So when prices surge rapidly […]

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James Rickards: Currency Wars, The Making of the next Global Crisis

“Currencies are in effect the ocean” that all the fish, including the great white shark, fear, says investment manager and author of Currency Wars, James Rickards. Sometimes the ocean is calm, but in times like ours it becomes a much more hostile and dangerous environment. Find out how currencies interact globally and why governments manipulate them so much, in this video. Listen to James’ entire presentation at the latest Casey Research Summit – and those of 30 other well-known economists, authors, and investment pros – on CD or MP3. Learn more.  

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Euro to Surge

Euro to Surge

The fortunes of Europe’s beleaguered euro currency have been heavily influencing US markets. Both stocks and commodities have been battered down recently by overwhelming euro bearishness. This has proven seriously vexing for traders trying to focus on fundamentals. But the extreme euro pessimism worrying everyone is actually very bullish. This loathed, oversold currency is due to surge again. Today of course the great fear plaguing the euro is centered around Greece. This profligate, unrepentant debtor nation seems hellbent on not honoring its commitments to the rest of Europe which could force its exit from the eurozone. And though Greece’s economy is immaterial relative to greater Europe’s, traders are worried Greece […]

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John Embry and James Turk : the Gold Bull Market has a long way to go

This is a fantastic conversation between John Embry (Chief Investment Strategist for Sprott Gold & Precious Minerals Fund) by James Turk (founder of GoldMoney.com and the GoldMoney Foundation). Their talk brings about topics like the recent action in the gold price and silver price, gold shares, monetary stimulus worldwide and the coming (hyper)inflation. Their conclusion is that the gold bull market is not over. In fact, both respected men strongly believe that gold and silver are more than ever safe havens and that the gold bull market has a very long way to go. They start they conversation by looking at the recent gold price action. Clearly the fundamentals of […]

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