Hi Biggle’s and all,
Still bumping your gums and gloating I see; enjoy your time in the sunshine as it may not last for ever.
It will be interesting to see how the general US markets hold up in the next few weeks given the end of the last round of QE (money printing.)
The recent action in the gold price is obviously having an effect on the gold producers and explorers and it appears an unloved sector at present. With all the recent money printing since 2008 in the USA and UK and now Japan and Europe taking the baton I admit to being somewhat perplexed that we are not seeing more evidence of rampant inflation. I guess the additional printed money is just not escaping from within the banking circles at least for now.
Although I guess with a lot of these things they often start slowly and unnoticed and then grow out of hand I dare say the early weeks in Weimar Germany and Zimbabwe didn’t cause a lot of alarm.
I wonder when Australia will start to realise on what side its bread is buttered do we really need to get permission from the USA before we can even attend a conference in Beijing on a new Asian Infrastructure Investment Bank.
Given the choice of aligning with a bank holding $4 Trillion in positive reserves earned the hard way and a bank holding $4 Trillion of negative reserves printed the easy way I certainly know where I would be putting my trust.
I’m not a particular big fan of Max but half way through this clip the new Asian Infrastructure Investment bank in Beijing is discussed, also it would appear that Jim Rickards (Currency wars) is spreading the word in China.
http://www.maxkeiser.com/
http://stopmakingsense.org/2014/11/...lopment-bank-seen-as-rival-to-world-bank-imf/
If nothing else we are certainly living in interesting times.
Good luck to all fellow investors in all sectors and those on the side lines.
Cheers and very best regards: Andy
