Friday, Jul 10, 2009
The interest rate cycle to start over.
Citywire: World headed for serious 'inflationary shock' says A-rated Pothier
As well as the intrinsic value offered by soft commodities and minerals versus devalued currencies, over a five year horizon the world would face supply issues, he said.
‘A lot of commodities are now trading at below production prices and we are facing further pricing pressure – a lot of the easiest sources have been fully mined, we are facing deeper extraction, mines in less stable regions and in areas where people want a fair shake – there is not going to be a return to the old days.
Both themes came together in gold pricing over the long term, which had both intrinsic and relative value as ‘the most liquid currency in the world’ and its resistance to anything more than the most short-term price manipulation.
Posted by lukeskywalker @ 01:37 PM (139 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.