QFT: 'Why It Makes Sense To Buy Gold' Good article by fund mgr (managing USD150M); article prob written for India audience, but facts about money printing aka Quantitative Easing (QE) initiated by the US FED remain relevant to the citizens of EVERY OTHER export dependent economy- competing to print $$$ (see 'currency war') to keep currency exchange 'stable'/ 'competitive'- e.g. Euro, China, Japan and even Switzerland etc etc will result in escalating price inflation internationally, which would make physical gold an attractive hedge against inflation secondary to money printing (aka QE). See related: 'Singapore's inflation may remain elevated for years to come: survey' (CNA, 24Jan2013)
Granny says, "Dat's right - the sky is fallin'... Gold price declines to two-year low 15 April 2013 - Gold has fallen to its lowest level in two years, while wider commodity prices have also declined following disappointing Chinese economic data.
Gold price has fallen because: 1) Rich are getting poorer so have to sell their gold. 2) Poor are getting richer so the FED says no need to print so much $$$. Guess until one carries n feels a bar of gold in one hand, one would understand the meaning of the 'gold standard' (btw, the density of gold(Au) is almost twice that of lead(Pb))... its different. Rgds B.C. PS: - The wall ST bankers were bailed out because they had been rubbing shoulders and paying for advertisements to fool the voters all this while. In the business of grand political deception, bankers and politicians are in cahoots with each other. Not that the USA voters are innocent- not intending to disparage but I think most waste too much of their time on food, drink, smoke and other indiscretions... n the USA has a bad bad reputation in many parts o the world for that, inter alia, reason (e.g. killing innocent civilians, sponsoring dictatorships in ME etc).
