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By Monty Guild & Tony Danaher, on April 23rd, 2007
GLOBAL GROWTH AND GLOBAL ACCUMULATION OF WEALTH MEANS GREATER DEMAND FOR GOLD
With increasing wealth in Asia and the Mid East, these regions are increasing their demand for gold. Gold is a traditional means of hoarding wealth, and represents a way to buy economic security in much of Asia and the Mid East. These parts of the world are growing rapidly. In our opinion, their demand for gold is growing just as rapidly.
SUPPLY OF GOLD IS LIMITED
Not many major discoveries are being made, and the cost of exploration and mining are rising. Thus new supply is limited. . . .
Continue Reading: GOLD DEMAND IS GROWING, AND SUPPLY IS NOT
By Monty Guild and Tony Danaher, on April 20th, 2007
As a child I used to watch Superman on TV, his motto was "up, up and away!" as he leaped into the sky and flew off. Perhaps the leaders of China also have seen some Superman re-runs. Their economy is exhibiting many of the characteristics of the ’man of steel’; durable, with fast movement in an upward direction and a very muscular success at accomplishing national goals.
CHINA’S GROWTH IS ACCELERATING
China’s economic statistics for the first quarter ending March 2007 were astounding. After years of rapid growth, China’s growth is accelerating. Their GDP rose by 11.1%, and . . .
Continue Reading: CHINA…UP, UP AND AWAY
By Monty Guild & Tony Danaher, on April 19th, 2007
IN OUR OPINION, IT WILL CREATE A BUYING OPPORTUNITY There was a bunch of humorous blarney on the news wires today. So-called pundits were saying that the international stock markets were weak last night, because of the higher than expected Chinese GDP, which was up 11.1% in the first quarter of 2007. International stocks fell everywhere in the last 24 hours.
Inflation was 3.3% in China. This means that poorly run companies in China probably had 20% earnings growth, and good companies had 30% (or higher) earnings growth in the first quarter of 2007.
This is not bad, and . . .
Continue Reading: YEN CARRY TRADE SPOOKS INVESTORS AGAIN…
By Monty Guild and Tony Danaher, on April 18th, 2007
According to Bloomberg news, Indian trade Unions and the Marxist parties in the country have long resisted a plan to allow government employees a chance to have their own individual 401k’s, or to invest personally in mutual funds or stocks for their retirement. Rather, the unions are fixed on maintaining defined benefit plans which will guarantee 1/2 of full salary for retired government workers.
However, in the next few months, a new plan for all government workers who joined after January 2004 will be instituted. Their retirement funds will be handed over to three asset management companies. "The managers . . .
Continue Reading: INDIAN PENSIONS
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