aderfp633
Inscrit le: 27 Sep 2011
Messages: 7915
Localisation: England
|
 Posté le: Lun Sep 30, 2013 11:59 pm Sujet du message: economy collapses |
 |
|
{If U.S. economy collapses,[url=http://www.moncler-sale.org]moncler outlet[/url], gold would shine: Analyst}
Crews at Veris Gold's new Starvation Canyon Mine in Nevada. Starvation Canyon is the third gold mine the Vancouver-based company has opened in the stateBy Sean KolenkoTue Aug 13, 2013 12:01am PSTThe U.S. economy is on a crash course for disaster that will send investors on both sides of the border scrambling to put their money back into gold, according to a noted Seattle-based investment adviser,[url=http://www.moncler-sale.org]moncler down jackets[/url], author and financial columnist."We're headed for another train wreck in the next 12 to 15 months. People will soon realize they need to protect themselves," Bill Fleckenstein, president of Fleckenstein Capital and MSN Money contributor, told Business in Vancouver in a recent phone interview."My guess is that, right now,[url=http://www.moncler-sale.org]moncler on sale[/url], the plunging of gold prices is due to the fact that people don't believe they need security at the moment, which investment in gold can provide. But that's going to change." In the past year, gold has plummeted from a high of US$1,794 per ounce to a low of US$1,211. Gold was trading at US$1,282 at press deadline.Fleckenstein said a major reason for the drop in gold price is the U.S.A.'s quantitative easing monetary policy: a system by which the United States Federal Reserve (Fed) buys bonds such as treasury notes and mortgage-backed securities from its member banks.By purchasing the bonds, the Fed increases a member banks' reserve account, giving it more money to loan to other banks and, subsequently, to businesses and consumers. This method has increased investment in U.S. stock markets – both the S&P and Dow Jones reached record highs in 2013 – but not gold.But Fleckenstein warned that the end result of the program will be dire. If the Fed continues to buy bonds and boost banks' reserve accounts, inflation rates will soar. If the Fed ends its program and the money dries up, the economy will collapse because quantitative easing hasn't addressed systemic issues such as job creation – it's merely given people more money to spend."We haven't solved anything. All we've done is driven markets up higher by force-fed printing by the Fed," said Fleckenstein."When we finally recognize that the only options from this are economic calamity or high inflation people are going to say 'I'm going to need some gold to protect myself from what's coming.'"Fleckenstein added that gold prices won't move significantly until the fall, when he believes the Fed will begin to cut its bond buying. Plans to end the program have been discussed for mid-2014.Increased investment in gold will be good news for Vancouver gold producers,[url=http://www.moncler-sale.org]moncler sale[/url], who have been hurt by the plummeting prices.In the past year,[url=http://www.moncler-sale.org]moncler outlet[/url], the value of the top 14 gold producers in Vancouver – companies with at least $30 million in revenue – have dropped an average of 34%. Only one company,[url=http://www.moncler-sale.org]moncler down jackets[/url], Majestic Gold (TSX-V:MJS),[url=http://www.moncler-sale.org]discount moncler jackets[/url], increased its value in the past year.David West, Vancouver-based mining analyst with Salman Partners,[url=http://www.moncler-sale.org]moncler sale[/url], told BIV that low gold prices have forced gold producers to cancel or delay projects where the quality of the ore isn't high.Only deposits with high-grade ore are economical when prices are so low. But he added that better prices will mean more exploration and production work."Gold prices definitely affect the fortunes of the producers," said West. "Producers have to be on their toes right now to ensure the money they are investing brings the proper return."Tags: economy, securities, inflation, gold and precious material,[url=http://www.moncler-sale.org]moncler on sale[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], mining
_________________
People watching the forthcoming beginning of the German half of the inhabitants of Berlin are no interested in co-optation |
|
