Quelques news sur le Gold repérées cette semaine :
Keith Barron, a gold mining entrepreneur and consultant talks with Eric King of Kingworldnews.
He states that
the global move to debase their currency through QE will end ultimately in the issuance of a new world reserve currency.
a stimulating conversation.
(courtesy Keith Barron/Kingworld news/GATA)
Debasement will lead to new currency, gold mining entrepreneur Barron says
Submitted by cpowell on Fri, 2012-09-21 01:08. Section: Daily Dispatches
9p ET Thursday, September 20, 2012
Dear Friend of GATA and Gold:
Gold mine entrepreneur and consultant Keith Barron tells King World News that currency devaluation is policy throughout the world now and he thinks it will end in issuance of a new world reserve currency. An excerpt from Barron's interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/ ... /9/20_Th...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
II - “How High Can Gold Go?” "There Is No Telling" James Grant Tells CNBC
Source: GoldSeek.com
http://www.youtube.com/watch?v=SJX8NuzJgDk&feature=player_embedded#t=0sDeutsche Bank has reported that their high net worth private clients have expressed an increasing interest in owning gold in order to protect their wealth from the growing risk of inflation.
Gold is consolidating near record highs in the euro and is less than 1% below the record intraday high from just over a year ago on September 9th 2011.
III - One of the most astute financial analysts in the world, Jim Grant, founder of highly respected Grant's Interest Rate Observer, was asked by Maria Bartiromo on CNBC yesterday “how high can gold go”? Grant responded that "there is no telling."
Grant was asked about the stock market and where to invest today and asked if “you want to get in front of this train?”
He responded by advocating “security analysis” and said that he thinks that that is“where an investment in gold and silver comes in”.
Grant said the following:
“Central banks around the world are bound and determined -- either through actions or words to debase their currency. They're telling us”
When asked how high gold could go, Grant astutely noted that: “The nice thing about gold, it has no PE multiple. There’s no telling.
Gold is a speculative -- it earns no yields, gold is a speculation on an anticipated macro economic outcome. That macro economic outcome being the systematic debasement of currencies by the central banks.
They've done QE 3, right? The economy appears not to be in the best of health. Why wouldn't they do QE 4? What intellectual argument do they have against doing it again and again and again?
That's one of the risks, right? Well, it's open ended already. Maybe they'd need it, because we know it's open ended. They can save the paper in the press release”.With regard to hard assets such real estate and gold, Grant said:
“There is an argument to be made that you want to be buying hard assets like gold, like real estate ... that's not a bad way to hedge against the currency”.
The interview ends on a funny but sadly telling note when the “Money Honey” Bartiromo says that she knows that Federal Reserve Chairman, “Bernanke knows you have been so critical. What is his answer to you, when you raise these points?”James Grant said:
“We don't talk any more.”
Ron Paul named Grant as his likely candidate for Chairman of the Federal Reserve to replace Ben Bernanke whose term expires in 2014.
http://kingworldnews.com/kingworldnews/ ... rency.htmlIV - (courtesy Kingworld news/Von Greyerz)
Von Greyerz on real metal and hyperinflation
Dear Friend of GATA and Gold:
It's hard to get too much of Swiss gold fund manager Egon von Greyerz of Matterhorn Asset Management, and today he is interviewed at King World News about the latest tungsten scare and the necessity of holding real metal outside the banking system, while at Matterhorn's Internet site, GoldSwitzerland, he gives an overview of the Western financial system and predicts hyperinflation.
The King World News interview is summarized here:
http://kingworldnews.com/kingworldnews/ ... /9/21_Gr...
Von Greyerz's commentary at GoldSwitzerland is here:
http://goldswitzerland.com/concerted-qe ... inflation/Gold Anti-Trust Action Committee Inc.
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