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Old 08-01-2009, 01:04 PM   #2
peaceandlove
Avalon Senior Member
 
Join Date: Sep 2008
Location: Turtle Island
Posts: 2,776
Default Re: Gold Market and World Economy ~ The Dark Years Are Here

After reading Ben's most recent Blog I read the following article at Solari.com/blog.

07/31/2009

Rothschild’s are desperately seeking gold now that they know the Fed is being unwound

We are hearing reports that many members of the Rothschild family, including Tokyo-based Stephan de Rothschild, are desperately seeking to trade toxic financial waste for gold. It is clear they know the US Federal Reserve Board’s days are numbered.

They probably have so much real estate and art treasures to their name that they really do not need that gold. The smarter members of the clan must already have all the gold they will ever need and more stashed away in Swiss banks. Those who could not see the writing on the wall may have to try to do something the rest of us already have to: work for a living.

Also posted here #57 today, along with other recent Ben Blogs: http://projectavalon.net/forum/showt...734#post157734



Gold looks especially good right now

Monday, 20 July 2009, 11:06 am
Press Release: New Zealand Mint

Sub-continent suitors, a strong New Zealand dollar and the shopping habits of Americans are all pointers to right now being a great time to stock up on gold.

Auckland-based New Zealand Mint says all the signs are in place that gold is undervalued in relation to medium term prices.

New Zealand Mint bullion dealer Mike O’Kane says demand is currently weak and coupled with a number of economic factors it suggests it’s time for investors to fortify their bullion portfolios.

“It’s generally recognised the Indian wedding season puts upward pressure on the price of gold. Indian brides traditionally drape themselves in gold and it’s not unusual for wealthy families to spend a couple of million dollars on gold for a wedding.

“Gold’s used because women are not permitted to own property in the Hindu religion,” O’Kane says.

“India is the world’s largest importer of gold and a JP Morgan report that shows the world price of gold has leaped by 10 per cent every year during the September-October wedding season since 2002.”

O’Kane says other factors pointing to higher demand include a feeling in the market that the New Zealand dollar is too high and that there are long term inflationary pressures in the United States.

“Retail sales in the States are more buoyant than expected and the more optimistic the economy the higher the probability of inflation. And in inflationary times, investors target gold as a solid hedge.

“Plus, with gold traded in US dollars, any drop in the Kiwi against the Greenback will put price pressure on the metal. With the Fitch report recommending a negative outlook, we would expect to see a drop in the NZD/USD cross soon. So gold’s worth more than just a look right now for any balanced investment portfolio,” O’Kane says.

Gold has traded in a range between NZD$1400 and NZD$1600 in the past four months O’Kane says.

Article Source: http://www.scoop.co.nz/stories/BU0907/S00498.htm

Source for Article: http://solari.com/blog/

Last edited by peaceandlove; 08-01-2009 at 01:07 PM.
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