Salient to Investors: Trust in precious metals as a store of wealth is diminishing amid concern that growth is weakening. Bloomberg survey in December 2012 expected silver to gain 33 percent in 2013 either because , or accelerating growth would spur more industrial buying; but silver is on track for its
READ MORE... →Salient to Investors: Jim Rogers said: When investing, don’t follow the crowd Most government numbers are made up. China has problems with housing and inflation as the US did in the 19th century when it was growing rapidly. Every country that grows rapidly has problems. The US had recessions and
READ MORE... →Salient to Investors: Jim O’Neill writes: When the Fed starts to taper, expect turbulence in financial markets, especially for overpriced assets. We are headed to a normal 10-yr T-yield of 4 percent or more versus 2.2 percent now, and to a return of the equity culture. mcd-grp.com/cat/ In 1994, Greenspan made it clear that
READ MORE... →Salient to Investors: China approved 2 domestic ETPs backed by gold as global holdings of the precious metal in ETPs dropped to a 2-year low. Zhang Bingnan at the China Gold Association said Gold ETFs should boost gold demand as they make Chinese investments in the bullion much easier, and the recent
READ MORE... →Salient to Investors: The number of hedge funds investing in gold is at the lowest level since 2010. Farhan Mumtaz at EurekaHedge said hedge fund performance declines tied to volatility and withdrawals led either to closures or a shift in strategies – the number of funds investing in gold fell
READ MORE... →Salient to Investors: The start of the bear market in gold in April spurred a surge in demand for coins and jewelry. Indian demand is so great that the government is curbing imports. Richard Peterson at the US Mint said sales may reach a record this year if the current demand continues. Mark
READ MORE... →Salient to Investors: The S&P GSCI Spot Index has lagged the MSCI All-Country World Index for 6 months, the longest stretch since 1998. Hedge funds cut combined bullish bets across 18 US raw-material futures by 51 percent from a 16-month high in September and are bearish on 6 of them. EPFR Global
READ MORE... →Salient to Investors: Nouriel Roubini at NYU says gold may fall toward $1,000 by 2015 as the economic recovery curbs demand for bullion, there is a lack of inflation, and other assets such as equities offer better returns. Roubini said investors should have a very modest share of gold and other real
READ MORE... →Salient to Investors: Marc Faber at the Gloom Boom & Doom Report says: High-end assets from stocks to art to real estate are in a bubble caused by central bank money-printing. This money doesn’t increase economic activity and asset prices in concert, instead creates dangerous excesses in countries and asset
READ MORE... →Salient to Investors: Gold and wine prices that tracked each other in the past decade are now diverging. The Liv-ex Fine Wine 100 Index tripled in the past 10 years and gold advanced fourfold. Ric Deverell at Credit Suisse said gold may drop to $1,100 an ounce in a year and below
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