It seems you can’t debase your coinage these days even if you try. The Bank of England is straining every sinew to drive down sterling with quantitative easing, and what happens?
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Tracking all things that relate to and affect the price of gold.
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Scooped by Hal onto Gold and What Moves it. |
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Peter Grandich took some time from his busy day to talk to us. The real economy isn’t growing. Central banks continue record purchases of gold. The Euro is again under pressure. Inflation is rising and will continue to rise at increasing rates. Peter believes the raging 12 year precious metals bull will continue on unabated. The battle lines are drawn now. We have a conflict starting between the makers and the takers. A kind of Atlas Shrugged scenario is unfolding and once the government grows to 50 percent of the economy, the end game is near. Just look at France! from FinancialSurvivalNet
Hal's insight:
You'll need to click through for the audio of the interview. Peter covers gold among other financial outlooks. Delete the scoop?
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The Iranian minister noted that a change in trade model would reduce the country's need to vehicle currencies, including dollar and euro.
TEHRAN(BullionStreet): Sanctions hit Iran announced plans to phase out dollar and euro in it's trade exchanges and to add more gold to reserves.
According to country's economic affairs and finance minister Shamseddin Hosseini, Iran plans to phase out dollar and euro in its future international transactions after the US and the European Union imposed sanctions on Iran.
Talking to newsmen here, he said after the imposition of sanctions on Iran by the US and the EU, the Central Bank of Iran immediately moved to change the country's hard currencies reserves into euro and gold which “was beneficial to the country. ...
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No surprise. Delete the scoop?
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In answer to a not and link a reader sent to Jim Sinclair on Great Britain starting some MOPE on Russia, he writes:
GB knows that Euroland is headed towards the BRIC nations as part of a strategy towards the ascendancy of the Euro versus the US dollar to the reserve currency of choice versus the dollar, a reserve currency by default. This strategy can now be seen as you review the percentage of fiat currency versus gold, marked to the market that the Euro represents.
The British pound does not want to be a lesser citizen of the new economic power currency.
Hal's insight:
The perceptions of the people are something the governments are constantly looking to shape. Shame it's not the other way around. Delete the scoop?
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2013 The year of the currency wars.