Gold is the only true measure of value in our growing multipolar world - Byron King ByronKing gold
- Gold may not fit the classic definition as a critical metal as only around 7% of global demand is used in industrial applications; however, according to one market analyst, it plays an essential role in society and financial markets.
"If you can't get inflation under control, you lose the ability to plan for the future. All projects require planning, whether you're going to remodel your kitchen, build a big office building, or even a bridge," he said."You can't properly plan a budget if you don't know what your currency is worth."
"Maybe 50% of global trade is settled with U.S. dollar, and maybe 25% is in yuan and maybe 10% in euros and the rest in seashells or something," he said."When everything is eventually settled up, gold might be the means by which they do the settling up." "China, with its gold purchases, is trying to tell the world: 'We are a, we are a reliable banker,'" he said. Whereas the United States, certainly in the last year, but over the last 15 years, perhaps has become an unreliable banker to the world."
King's inflation outlooks came before the U.S. Labor Department said on Tuesday its Consumer Price Index saw a 6.0% annual rise in February. At the same time, core inflation rose 5.5% for the year, well above the central bank's target of 2%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold SWOT: Agnico Eagle Mines is weighing what to do with its only Australian gold mineCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Lire la suite »
Mining stocks have a +85% upside, and this could triple the gold price – Tavi CostaTavi Costa, Portfolio Manager and Partner at Crescat Capital, joins Ernest Hoffman, Reporter at Kitco News, to discuss gold miners, the gold price, and his o...
Lire la suite »
Game Plan with Gareth SolowayKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Lire la suite »
Physical precious metals ARE moneyKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Lire la suite »
Gold price to triple with miners poised to gain 85% - Tavi Costa(Kitco News) - Gold could easily triple in price in the current economic environment, and gold miners should see a big move upward as well, according to Tavi Costa, Portfolio Manager and Partner at Crescat Capital.
Lire la suite »
Carleton Ravens deliver double dose of basketball gold with thrilling U Sports championship victoriesIt marks the first time in 38 years that one university has claimed both national basketball titles in the same year.
Lire la suite »