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22126117 2010 年 11 月 11 日 15:41 Reading (loading. ..) Comments (0) Category: Personal Diary
M: Recent competitive devaluation of national currencies, gold prices rose, this scene in your book, there had been, how do you see the future trend of gold?
S: My first book buried in the earth's practice. At that time gold was over 400 U.S. dollars an ounce, now a breakthrough 1300.
Why am I bullish on gold? I know this because the current monetary system to be a problem, and the dollar crisis. American Indian money, gold must rise. Now that the crisis seems to have concluded, why gold reaching new high? I think the crisis is not over, the U.S. GDP, the debt is still very high. The next policy is the third round, fourth round of the quantitative easing monetary policy. Each print money, gold will reach new highs. A Harvard University professor of gold may rise to 10,000 U.S. dollars an ounce, in my opinion it is entirely possible that this is not the letter I talk nonsense.
M: 10000 dollars! Too hard to imagine, right?
S: We must shake off the shackles of traditional thinking.
may rise to $ 10,000
Why? The biggest problem is high U.S. debt, the Fed's balance sheet, the number of bonds is too large, so that the whole world wonders if there is no credit. Back in the mid-90s, had proposed a way to make the balance sheet substantially flat, that is, the U.S. gold reserves to surge. United States, the largest gold reserves in the world - 8000 tons, is now priced at $ 42.22 an ounce, and there is no market price to count. In the Fed's balance sheet, the gold value of only 160 billion, is a small part. However, if adjusted to $ 1,
mbt shoes uk,360, and even the price rose to $ 10,000, then more than 70% of base money issued by the gold support. Immediately become very strong U.S. dollar had.
Gold rose to $ 10,000
not impossible, this is a long-term strategy for the United States, because when the dollar decline step by step, when no other way to go.
M: to give a detailed explanation behind this operation works?
S: U.S. gold reserves do not belong to the Federal Reserve, but under the Ministry of Finance. The time when gold prices, the Treasury can add value to the replacement of the gold assets of the national debt.
U.S.
release process is like this: the U.S. government can not directly print money, can issue bonds, then bonds to the Federal Reserve, the Federal Reserve receipts (bank notes).
that the Fed's balance sheet, its assets into bonds each year as interest income, while the liability side is to issue currency. Monetary expansion, a lot of eating when the Federal Reserve Notes, eat more, more money printed out. U.S. Treasury bonds have accounted for more than 90% of GDP, the second round of the quantitative easing monetary policy is still the private sector to purchase Treasury bonds and bonds go on like this, the debt will reach 200% of GDP. Who would dare to holding U.S. assets? Who would dare dollar reserves? If 2 / 3 of the dollar overseas, are back in the United States, the United States immediately super-inflation.
To prevent this result, the Treasury would be free of gold rose to $ 10,000, the Fed out of the bond asset swap, the gold on the balance sheet at the same location, once the balance sheet will be substantially improved. When the dollar is not enough credit, when he re-monetization of gold, which is the implicit price of gold continued to rise and power. This process means that the gold exchange bonds as part of the money supply, Xie Ping, behind every dollar screw snipe С; Ping Robin Si pound Alex Wong ⑸ goblet laevis seeking pure theft bend down ┬ stable cooking Jia Ying Su benzene fierce helmet even flash search Su flash sugar crisp gluttonous night curtain hooks brake bran frame
M: This view is very new, but the United States, other countries would agree to doing so? So easy to put a huge amount of debt canceled out.
S: What do not agree, the United States on the gold price adjustments without any constraints.
analogy, such as a family, collection of many paintings, but also can produce many products, such as tables and chairs and the like, can come to trade with, very popular. Now do not produce tables and chairs, in order that the home was a lot of money, these paintings had sold 10 million yuan, the valuation of a billion tomorrow. Total household assets or a lot, but these paintings do not come to the exchange. After the re-pricing,
mbt sale, the family has become rich, others had to borrow money to him, guarding these many assets, but also that I owe you money?
the United States in the eighties and nineties the gold price low, just do not want people to realize that gold is money, or who would use the dollars for. Play the notes to make more money, how much the Fed would like to send the number of fat, coupled with gold cap, you can not casually made. When the U.S. credit crunch, the United States keep 8,000 tons of gold to come in handy.
central bankers the world is a circle, and the composition of the Federal Reserve super-elite club of the group, about global capital and credit flows. They already did not like de Gaulle's nationalist support financial globalization,
mbt shoes, in fact, formed a community of interests. Who would oppose the United States to do this? These people even do not represent their interests.
M: Gold has monetary attributes, we do not deny this. But now people are using paper money, directly to the gold as a currency, I'm afraid it hard to accept. Do you want to re-return to the gold standard? Economists say the gold standard will lead to deflation and recession.
S: You think the first two questions: What is the money? What is money?
our generation was brainwashed generation, at least in monetary matters is this. The disintegration of the Bretton Woods system in 1971, began not to gold as money, but 40 years is only another test of the notes, in the long history insignificant. And history has proven, from the gold currency notes simply can not afford the functions of government is not credible, the greed of human nature can not be overcome. Now we all feel that the money is granted colorful money,
mbt lami, gold is not money, you do not feel too strange?
gold standard led to depression that is groundless, the Industrial Revolution took place in the gold standard era. PC price cuts, TV prices, deflation is this it, this is not to increase people's wealth? It only means that the economy is good the price up before? Economists like to say that there are two possible reasons: First, determine the head butt, inflation favor of the Government can levy seigniorage. Second, economists have also been brainwashed, practice of using theory, a mathematical model to analyze the problem. Economics, finance, social science, which contains a complex nature, which answers from historical experience, in practice, to explore, not logically inconsistent.
M: What is the money that in the end? What is money?
S: You magazine Gold's unique physical characteristics, decision contains can not be denied its credit, can not be completely divorced from the monetary system.
So what is money? Scale and means of circulation of money valuable function. In a certain area that we can generally accepted, scarce on the important things in life to produce a currency attribute. Because of scarcity, it is important, so valuable; because they can generally be accepted, so I can flow. Inflation,
mbt anti shoe, what is the scarcity of what is up, notes up to, so down.
2008 after the financial crisis before the world with very different, the world's monetary base is undergoing severe turmoil, we call the active period of earthquakes. U.S. monetary system led to the decline of the dollar crash is not replace the dollar with a note, it may be the demise of paper money. This would subvert all of our previous financial management concepts, as well as money, the view of wealth, we live in a turbulent era, this era gave the money to have a deep understanding of those who provide great opportunities to make a fortune.
M: be more specific about it? Still want to buy gold?
S: There are silver, silver more than gold investment value. The history of gold and silver price ratio is 1:16 was now 1:60. Silver is more rare than gold, more industrial uses. Historically, silver is money,
mbt chapa, whether in China, the United States, the United Kingdom are the same. Silver is used in the United States the sixties of last century, this historical tradition and inertia exist. Silver price deviations compared to four times in history, is clearly a value of depression, greater future upside.
London is the largest physical silver market, silver futures in New York is the largest market. Wall Street and the City set the price of silver in the axis. Silver is probably the biggest investment of our lifetime chance, I recommend buying physical silver.
Mr Song
20 century, the United States to study in the early 90s, long-term attention and study American history and world financial history. Served as the nation's largest non-bank financial institutions, Fannie Mae and Freddie Mac senior consultant, with a
(with wave the golden note: Although there is no Song of Lang, when the ice depth, thorough, it is still a conscientious scholar.)