Remember when you said Goldman short gold call was gospel........over and over again
do you have google? punch in worldwide debt clock......
Don't let them tell you otherwise....
options expiry and Janet all in one day.....Wednesday.....
yes that can't be debated.....i'm more worried about the next 5 years
“In the medium term, we expect prices to rise on improved fundamentals,” Goldberg said. “On the supply side, three-year average gold discoveries have dropped by more than 75% between 2007 and 2012, and mine supply is expected to decrease by more than 5% from 2015 to 2020 due to aging ore bodies and slower project development.”
As prices fell back from the record high in 2011, producers have scrambled to cut costs, in many instances scaling back on exploration and capital spending.
“On the demand side, we expect demographic trends in China and India to drive steady growth,” Goldberg said. “Taken together, the two countries represent more than 50% of current consumer gold demand.
“China’s middle class is expected to grow to 500 million by 2020, and India’s middle class is also expected to double and surpass 500 million by 2025.”
Presumably, as denizens of these two nations have more money to spend, they will want to purchase more gold.
. In four banks alone, they exceed the GDP of the entire world. This is the interesting consequence when unchecked risk management rests in bankers’ hands
During a secret meeting in Feb. — being dubbed the “Shanghai accord” — the world’s central bankers decided the IMF’s SDR will replace the USD as the world’s reserve currency.
•A secret meeting occurred in Shanghai on Feb. 26th between Janet Yellen (US Fed), Christine Lagarde (IMF head), Mario Draghi (ECB head), Jack Lew (U.S. Secretary of the Treasury), and all their central bank and finance ministry counterparts from Japan, China, Brazil, Russia, India, and South Africa.
•During this meeting, a deal was struck — which he has named the Shanghai Accord — because of its similarities to the famous Plaza Accord of 1985, which was the last major central banker backed operation to detonate the US dollar.
•Keep eyes on upcoming central bankers meeting in Washington D.C. on April 13.
Will zolly AKA full #$%$ be getting his torn rectum bronzed?