LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
A Few Questions To Those Who Slam Gold


 -- Published: Friday, 27 May 2016 | Print  | Disqus 

By Graham Summers

Gold is perhaps the most maligned asset class in the world.

On an almost weekly basis the financial media mocks Gold and publishes articles claiming it is a terrible investment.

It’s rather odd, as less than 1% of investors actually owns Gold. Why is it so important to trash an asset class that almost no one actually owns?

Actually, forget that question, I’d like to see answers to these questions instead…

If owning Gold is such a bad idea…

·         Why are Central Banks buying it?

·         Why do we rank countries based on the Gold reserves they own?

And finally…

If the goal for Central Banks is to generate inflation… why is owning Gold stupid?

Regarding that last point, global Central Banks have completely abandoned the façade that they are trying to generate growth.

The Bank of Japan’s Kuroda even admitted indirectly that QE and ZIRP couldn’t work. Mario Draghi never even uses the word “growth” anymore. And the Fed is concentrating on “inflation targets” because GDP growth is impossible.

Put simply: Central Banks care concentrating on inflation. The reason for this is because they’ve finally come clean that their primary concern is the bond bubble, NOT the real economy.

Gold is perhaps the best inflation hedge in the world. During the last inflationary binge in the ‘70s it staged on the biggest bull markets in history.

So… with Central Banks pushing for inflation… and inflation turning up in the US… why is owning Gold a mistake?

http://goldseek.com/news/2016/5-27gs.png

 

Inflation is back. And Gold and Gold-related investments will be exploding higher in the coming weeks.

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

  


| Digg This Article
 -- Published: Friday, 27 May 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.