Showing posts with label financial system. Show all posts
Showing posts with label financial system. Show all posts

Wednesday, August 3, 2016

Bill Gross Talks "Sex", Answers "Honestly" What Happens When The Financial System Breaks Down

When the two biggest bond investors are shunning equities and bond markets, and putting their money into tangible assets like gold, it's time to take notice.  Fixed-income markets dwarf equities, and bond investors are better predictors of the economy--even if they don't make the financial headlines like stock pickers do.

Bond investors are often labeled the smart money because they have a better track record of foretelling economic downturns, as equities analysts are understandably polyannish.

Jeff Gundlach and Bill Gross have recently turned bearish on traditional financial assets and bullish on gold.  A contrarian may hesitate in following these iconic money managers.  But sometimes investors can out-think themselves.  While these two bond kings have influence on Wall Street (despite being headquartered in southern California), the average Joe wouldn't recognize these two star fund managers from Bernie Madoff.  And that's a good thing if one is a contrarian.

http://www.zerohedge.com/news/2016-08-03/bill-gross-talks-sex-answers-honestly-what-happens-when-financial-system-breaks-down


Saturday, September 28, 2013

Massive Gold Earthquake Now Shaking The Financial System

The subject of this interview is correct with his view that the world is shunning the USDollar in favor of gold, but his citing of China's official gold reserves at 1,054 tons is outdated.  China announced that figure in 2009, but has been accumulating gold feverishly to where unofficial estimates of 5,000 tons are more accurate--and growing.

Also, western central bank official holdings are equally outdated--but in the opposite direction as they have been surreptitiously dishoarding inventories at alarming rates in attempts to cap gold prices.

The net effect is official gold reserves in the emerging economies are understated, while western developed countries are overstating their official holdings, as their depositories have been hollowed out from gold leases, swaps, and outright sales.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/26_Massive_Gold_Earthquake_Now_Shaking_The_Financial_System.html