Friday, July 10, 2009

The interest rate cycle to start over.

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 (456 views)
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