Hrozba globálnej inflácie
Už niekoľko rokov rastúca cena zlata bola a je predzvesťou prichádzajúcej globálnej inflácie.
As living standards improve, people in emerging nations are able to buy things they couldn't afford before, like food and cars. This has greatly increased demand, and it's put massive upward pressure on agricultural commodities and oil. It's actually been the driving force behind the commodity boom.
Over the years, we've taken quite a few trips to developing countries and we've seen grueling poverty up close. It's a terrible situation and the fact that millions of people are escaping this lifestyle is a good thing, but like most things, there's a price to pay. In this case, it's inflation.
As you can see, inflation is picking up in most countries (remember, many countries are not shown on this chart). Aside from Argentina, for example, inflation is above 15% in many more emerging countries like Vietnam, Latvia, Estonia, Pakistan and Egypt. It's more than 10% in a lot of other countries and it's a huge concern in Russia, China and India.
The bottom line is that inflation is at a 10 year high in emerging countries and The Economist says that two-thirds of the world's population will probably suffer double-digit inflation rates this Summer. This is a huge deal and it explains why officials are concerned, but there's more...
It's still to be seen how this will end. But so far, this inflation rise is coinciding almost perfectly with the 200 year commodity cycle we've often shown. If this continues, and we believe that it will, then there's a lot more inflation to come in the years ahead.
What's currently happening also strongly favors the outlook for gold and the other commodities. It's going to boost demand for gold as a safe haven during inflationary times and these ongoing developments are telling us to stay with our gold and precious metals positions.
In fact, gold's been telling us this all along. Now we're starting to see why.
Článok:www.safehaven.com/article-10667.htm
11.07.2008