<\/p>\n
Every day we are witnessing a new record price for gold and a lower price of the dollar.<\/p>\n
And we are quick to explain it:<\/p>\n
There are the carry trades:\u00a0 to take on debt in US-Dollar costs a littlebid more than nothing and this money will be invested in assets like p.e. gold.<\/p>\n
With an interest level of more or less zero you don’t bother that gold is an asset that does not pay any interest.<\/p>\n
Other comments point to the US public deficit and to a possible inflation at the horizon.<\/p>\n
So the rising gold price seems to be the parallel of the falling dollar.<\/p>\n
But don’t these explanations focus too much on the dollar?<\/p>\n
Is the public deficit and the accumulated debt of the Euro – countries so much better than those of the US ?<\/p>\n
European economic growth perspectives are worse than that of the more dynamic US economy!<\/p>\n
Japan with its extremely low interest level already spends 23% of its budget for interest on its public debt.<\/p>\n
Do the Asian sovereign investors really have so much more faith in the Japanese Yen or the Euro when they try to diversify their currency reserves?<\/p>\n
Isn’t Allen Greanspan right when he says that the \u201erising prices of precious metals and other commodities are an indication of a very early stage of an endeavor to move away from paper currencies.”?<\/p>\n
This would mean a move away from all<\/strong><\/em> paper currencies!<\/p>\n Will public debt problems jump faster from the Arabian desert into the European monetary union than we think?<\/p>\n Members like Greece, Italy or Portugal are already in a worse situation than many people believe. Dubai could only be the starting point of a more widespread crisis.<\/p>\n I think if gold will hold or move up when the Dollar is at least temporarily strengthening this will be a clear indicatior that we are in a multi-year gold bull market which will us take much higher than the next threshold of $ 1’200 .<\/p>\n Don’t forget that the \u201eAll time high” of gold at $ 873\/oz. about 30 years ago today would translate into $ 2247\/oz. !<\/p>\n","protected":false},"excerpt":{"rendered":" Every day we are witnessing a new record price for gold and a lower price of the dollar. And we are quick to explain it: There are the carry trades:\u00a0 to take on debt in US-Dollar costs a littlebid more than nothing and this money will be invested in assets like p.e. gold. With an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/394"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=394"}],"version-history":[{"count":6,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/394\/revisions"}],"predecessor-version":[{"id":400,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/394\/revisions\/400"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}