domingo, 7 de noviembre de 2010

predict gold to U.S. $ 10000

Good night: A few days ago I posted global panic comes the tsunami of the Fed ... I believe I wrote on 24 October when reading articles Argenpress RIA Novosti and concludes that gold could climb to $ 5,000 per troy ounce .... and what if the stimulus from the Fed fails to decrease the U.S. trade deficit with China? Then the U.S. could put tariffs unilaterally on Chinese goods as they are doing testing tires and other stuff, but if general, China could replicate by releasing dollar reserves as it has 2.6 trillion (million million) worldwide go into panic and no one wants to hold dollars for being a worthless currency and take refuge in gold, but ... but it is important that ... the gold does not want to have a paper that says you have gold, but to have a slug in the dome of the house of one would realize that there has been scammed, if gentlemen on paper listed as 100 but in reality there as 25 this means that the price of gold could climb to $ 5.000 a troy ounce ... Economiaytecnologiaentrujillo.blogspot.com can see it on course to go unnoticed and I have a third world country and always thought I fell short with the thought gringo. (We're going to do with fewer neurons born) I had to put $ 10000 / onzatroy
2 years ago I wrote that the Dow Jones fall after 10 years of deflation in the U.S. at 3.500 me based on the projection of the Nikkei fell to a quarter in 10 years (an economy very similar to the U.S.) to fill Graphics etc., but as always a gringo said drop a thousand points (1000) in that time did not know that the Fed was going to give billions from helicopters and anyone can receive a ticket and buy a thousand shares or gold
By the way the Peruvian government wants to create a tax on gold or something, you're going to sell 100 kg of gold and the government says these are for my 12 kg 88 kg and these can exchange them for U.S. dollar devalued

Greetings
Una proyección muy audaz: US$10.000 por onza de oro
http://online.wsj.com/article/SB128882381898453605.html?mod=WSJS_inicio_MiddleSecond
By Susan Pulliam
There are many optimists who bet on gold. And then there's Shayne McGuire. The director of an investment fund Texas, 44, who recently participated in a conference on the gold in Berlin, caused a stir among the audience of metal fans. Your challenge: a book predicting that gold prices could soar to $ 10,000 an ounce, more than seven times its current price. Like those who once predicted in a bold technology stocks could reach U.S. $ 1,000 and the Dow Jones industrial average would climb to the 36,000 points, McGuire is a lone voice among the majority of investors by suggesting a jump so impressive in the price of gold. McGuire's vision are not free omens. Manage a portfolio of gold of $ 330 million in the Teacher Retirement System of Texas. His forecast, which raised in the book Hard Money (something like "sound money"), recently published in the U.S., unlike much of the rest. Most on Wall Street believes that the prediction is far fetched. "If you missed (the recent rise of gold), you should consider sophisticated enough reasons to buy" now, says Andy Smith, metals analyst at Bache Commodities, a division of Prudential Financial Inc. McGuire was among the first to reach the gold brokerage. In 2007, he and a colleague persuaded the Texas fund, the eighth U.S. with then U.S. $ 100 million under management, to bet on the metal. It was a new strategy that made him one of the few U.S. pension funds to have a fund dedicated solely to the metal. At that time, gold was trading around U.S. $ 650 per ounce, less than half its current price. Blake Gordon for The Wall Street Journal Shayne McGuire, at the Texas Capitol, Austin, says his bid for gold is "back to normal." In its proposal, 2007, McGuire says that gold is "the most important asset that few investors have, to be widely seen as an eccentric and anachronistic residue of the previous age to the information that is better suited to the pessimists that often presage World's End. " Not everyone in Texas fund agree. At a meeting, an executive pension sarcastically asked whether anyone else in the room thought that "the world would end." In fact, many pension funds still stay away from the gold, and spend only a fraction of 1% on average of their assets in gold metal, according to Alan Kosan, of Rogerscasey, an investment consulting firm. Most pension funds consider that gold is too volatile and therefore too risky. So far, however, McGuire has filled the pockets. When gold prices rose sharply this year, the fund has jumped about 25% since its inception a year ago. For its fiscal year that ended in June, the Texas pension fund grew by 15.6% in total. The gold fund has half of its assets invested in a gold fund publicly traded SPDR Gold Trust, and the rest in shares of gold. The historic gold boom was driven by the uncertainty that hovered currencies, inflation fears and the continued monetary easing from the U.S. Federal Reserve. As the actions of the dotcom companies in the technology bubble was difficult to assess because many companies did not generate income, is also complicated in the case of gold because it has no earnings or revenues and costs money to store. "It does nothing but cost money and look at you straight," he said in a recent interview with billionaire investor Warren Buffett. There are other investors who bet on gold, of course, including the prominent hedge fund manager John Paulson, who predicted that gold could reach $ 4,000 an ounce for 2013. For his part, McGuire says that gold is no longer just for those who think a looming financial catastrophe. Expected to be more expensive gold amid rising inflation, among other things. "The world does not need to sink the price of gold is fire," he says. In his book, McGuire argues that it is possible to see prices of $ 10,000 for an ounce of gold if enough pension funds and big investors start to buy and put at least 1% of total global stocks and bonds in the metal. And migration to gold demand would push prices over 10 times its present level, estimated. Since then, the same argument could be true for most other kinds of investment. However, McGuire relies on this theory because he believes that inflation will return, often boost gold prices. Among other things, anticipated a wave of fiscal crises that hit the world.

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