From the Agora Financial 5 Minute Forecast yesterday, as they describe why the Wall Street Journal sees strong gold demand:
“Gold’s strength,” the Wall Street Journal offers, “indicates investors view the European Union and International Monetary Fund rescue package as a short-term fix that doesn’t reduce uncertainty on how governments will reduce their high debt levels.” We might have written something similar ourselves…”
And, from an analyst that I have followed for over seven years now – his predictive ability is very strong. This from Dan Denning, writing for The Daily Reckoning – Australia:
“Prior to last Monday, I had imagined that the end of the super-cycle in fiat money would take years to unfold. I’m revising my forecast. The end may be approaching even faster than I expected. “
AND:
“The biggest inflation, though, could come in precious metals. In fact, as a hedge against the central bank monetization strategy, precious metals are about the only sensible speculation in a market which has essentially been reduced to total speculation by the distortion of values from the flood of money.”
Here’s the link.
Here at Lear Capital, we have a firm where gold sellers and gold buyers come together. When you think "Safe Haven Gold" from the rain of choppers dropping helicopter money, think Lear Capital.