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Uncle - thanks for the links.
The parlous state of the forecasts of US finances are a disgrace and a reflection on the ineptitude of the administration from the last six years.
But there is plenty of time for a decent government to raise some taxes and even stop spending the GDP of Australia on blowing up other countries.
The GBP story is interesting too. The interest rate chasing funds have been the major force in moving currencies for a long time now and many reserves do not even publish a M1,2,3,4 number.
Look at the strength of the NZD - totally related to interest rate chasing money.
Despite whether it is correct based on what we all learnt from 1970s text books about money supply, inflation and currency movements - the current reality is that currencies move with interest rates as a major factor.
I still think the GBP is hugely overpriced despite the interest rate position when compared with the AUD.
_____________________
The state of the US finances still does not explain why fiat currency is worse value than gold - which derives a massive majority of its value from fiat.
What about the AUD Gold rate - which is more important to most on this forum?
The Australian government has NO DEBT and pays 6% - surely the AUD is a better bet than gold which pays no income.
Gold bugs are gold bugs I guess - interesting they mainly term their argument relative to the USD though.
_______________
As an aside, I just looked into Paul's "Track Record":
Paul van Eeden joined Global Resource Investments in California as a stockbroker and analyst in mid 1996. Within three years his clients had more than six million dollars invested with him.
As a result of his analysis of the gold market, Paul's clients were well positioned when the gold price turned around. By 2002 his clients' assets had increased by well over five hundred percent, to over forty two million dollars.
I can see why he went to writing newsletters.
A private client adviser who only managed to raise $6m of funds under management in three years and $42m in six would get sacked by any firm as an incredible underperformer.
HOOCHY MAMA
The parlous state of the forecasts of US finances are a disgrace and a reflection on the ineptitude of the administration from the last six years.
But there is plenty of time for a decent government to raise some taxes and even stop spending the GDP of Australia on blowing up other countries.
The GBP story is interesting too. The interest rate chasing funds have been the major force in moving currencies for a long time now and many reserves do not even publish a M1,2,3,4 number.
Look at the strength of the NZD - totally related to interest rate chasing money.
Despite whether it is correct based on what we all learnt from 1970s text books about money supply, inflation and currency movements - the current reality is that currencies move with interest rates as a major factor.
I still think the GBP is hugely overpriced despite the interest rate position when compared with the AUD.
_____________________
The state of the US finances still does not explain why fiat currency is worse value than gold - which derives a massive majority of its value from fiat.
What about the AUD Gold rate - which is more important to most on this forum?
The Australian government has NO DEBT and pays 6% - surely the AUD is a better bet than gold which pays no income.
Gold bugs are gold bugs I guess - interesting they mainly term their argument relative to the USD though.
_______________
As an aside, I just looked into Paul's "Track Record":
Paul van Eeden joined Global Resource Investments in California as a stockbroker and analyst in mid 1996. Within three years his clients had more than six million dollars invested with him.
As a result of his analysis of the gold market, Paul's clients were well positioned when the gold price turned around. By 2002 his clients' assets had increased by well over five hundred percent, to over forty two million dollars.
I can see why he went to writing newsletters.
A private client adviser who only managed to raise $6m of funds under management in three years and $42m in six would get sacked by any firm as an incredible underperformer.
HOOCHY MAMA
