Posted by in Gold Coins
…We remain fans of gold
We also remain fans of gold in the global reflationary beggar-thy-neighbor policy backdrop - with attendant geopolitical risks. In contrast to other base metals, gold finished the year higher in 2008. And in contrast to equities, gold has rallied now for seven years in a row. Equities in the past decade have generated a negative return in 13%. So, gold is in a clear secular bull market and is just about the only item out there we can point…
Original Post By Google News Merrill Lynch
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Posted by in Gold Coins
…”The past eight years of imperial overstretch, hubris and domestic and international abuse of power…has left the US materially weakened financially, economically, politically and morally,” he said. “Even the most hard-nosed, Guantanamo Bay-indifferent potential foreign investor in the US must recognise that its financial system has collapsed.”
He said investors would, rightly, suspect that the US would have to generate major inflation to whittle away its debt and this dollar collapse…
Original Post By Google News By Edmund Conway, Telegraph
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Posted by in Gold Coins
In his wood-panelled office overlooking St James’s Park, Peter Hambro opens a cabinet of curiosities. From it he takes a gold coin he says was minted in the area of Belgium “shortly after the year zero [AD]“.
“This coin,” he says, “buys the same amount of bread today as it did 2,000 years ago.” Alongside it he lays promissory notes owned by his grandfather, including ones written in gothic script by defunct governments. He points to a pre-war £10 note. “That’s worth about 50p now,”…
Original Post By Google News By William MacNamara, Financial Times
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