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Own Gold LLC
Articles relating to gold, what moves it its prices and what to expect next.
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Unlimited Fiat Under Guise Of Currency Wars Sweeping Planet

Unlimited Fiat Under Guise Of Currency Wars Sweeping Planet | Own Gold LLC | Scoop.it

Robert Fitzwilson tells King World News:

 

“...As we discussed last week, fixed income prices and interest rates act in opposite directions.  Just like a seesaw, one goes up and the other one goes down.  The FINRA announcement could very well be a critical “tell” as to the direction of interest rates.  If they are issuing a warning, it could very well mean that the zero-interest rate policy (ZIRP) is finally coming to an end.

 

"It makes sense.  We have been arguing that ZIRP was devastating savers and retirement funds.  Retirees and participants in 401K-type plans have been depleting their accumulated balances prematurely.  Pension and endowment funds have been earning returns that will cause huge shortfalls or require huge contributions from their sponsors if continued for much longer.  For example, the two major California public retirement funds, CALPERS and CALSTRS, recently announced horrendous actuarial shortfalls.

 

"If we make the assumption that governments and central banks are operating from a plan, the timing is correct.  Stocks, bonds and housing have been juiced as much as monetary policy tools can be expected to achieve.  The global banking system has been stabilized after the 2008 meltdown.  Through massive purchases of toxic assets by governments and central banks from the so-called private sector banks, losses have been sterilized and the system reliquified.  Rates were driven to historic lows to allow homeowners to ..."


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Hal's curator insight, February 20, 2013 11:28 AM

Click through for the full piece.

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Zulauf: We May See A Shortage Of Gold & A Massive Price Spike

Zulauf: We May See A Shortage Of Gold & A Massive Price Spike | Own Gold LLC | Scoop.it

Today renowned money manager Felix Zulauf told King World News, “These are manipulations like we have never seen.  Of course the printing of money comes in waves.”  Zulauf, founder of Zulauf Asset Management and 20+ year Barron’s Roundtable panelist, also spoke about Germany’s move to repatriate its gold, and the fact that countries are rapidly losing faith in London and the Fed as a place of storage because of suspicions the gold has already been leased out.  Zulauf warned, “... this could lead to a tremendous shortage of physical gold.”  Zulauf believes this would then create a massive spike in the price of gold.

 

This is part II of a three part written interview series that will be released on King World News today.  In these interviews the legendary money manager discusses why he believes central planners will fail, how this will lead to systemic collapse, gold repatriation, what investors should be doing with their money right now, how they can protect themselves going forward, and much more.

 

Eric King:  “Felix, gold repatriation, we’ve seen that trend.  There is a distrust of what’s taken place in London, and at the Fed.  Meaning the gold has been loaned out, leased out by the bullion banks.  It’s not in the vaults.  Countries are getting nervous and saying, ‘Give us our gold.’  This trend that’s happening (with gold repatriation), your thoughts on that?” 

 

Zulauf:  “At first it was reported that Germany’s Bundesbank repatriated half of their gold located outside of Germany.  Within seven weeks we learned it will be 1/5 of what is outside of Germany, and it will take 7 years.  The reason given was because of some swap and contract agreements, etc..  So obviously this tells you that part of the physical gold may be lent out and may not be there where it should be (at the Fed)....


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Hal's curator insight, February 15, 2013 11:59 AM

click over for the rest of this interview on King World News. It's Part two of three.