A year from now, investors could be talking about Deutsche Bank [FRA:DBK] in the same way that they talk about Lehman Brothers in 2008.
Goodfriend’s focus was to promote ‘unencumbered’ negative interest rate policy, which means getting rid of things standing in your way.
Inflation can really spin out of control very quickly. So is double-digit inflation rate within the next five years in the future?
No central banker would ever willingly choose to go back on a gold standard. But in a scenario where there’s a total loss in confidence, they’ll likely have to go back to a gold standard.
There is one dormant clause that could see the Aussie government walk away with more gold than any other country in the world.
When it comes to gold, gold in the ground, and gold mining, there’s no question that Australia is a superpower.
Gold is hard to find and hard to bring up out of the earth. As a result, its quantity is always limited — by nature herself.
It’s time Aussie investors take the leap, ditching the bricks and mortar and paper trades for the shiny gold stuff.
When this trigger is pulled and the gold panic starts, it’ll run out of control very quickly. Gold prices will soar to heights no one thought possible just a short time ago.
Since 2000, gold has greatly outperformed every other asset you can think of. So in that sense, gold performs an important insurance function.