Mr. Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr. Soros said:
"When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."
Gold prices last month reached a record level of just over $1,225 per ounce, having risen around 40% last year. Investors are piling into the metal amid fears both of potential inflation and fading faith about the stability of previously-assumed safe assets such as government debt. However, the chairman of Barrick Gold, the world's biggest producer, Peter Munk, said he expected the metal's upward march to continue.
CM comment:
It will continuously bubbles but never being burst or boom as what non physical asset had experienced before. What Soros was thinking is just to deviate public attention from holding gold. If the gold remains as the main preferences in the world of investment, the hedging activities has no place at all.
The site that promotes the advantages of physical gold particularly the gold dinar as stated in Holy Quran. The coming future, it is hoped that people start to realize its significance and crucial roles that can be played by gold dinar as a stabilizer in economics as well as replacing papers' currency.
2 ulasan:
Ujang,
Tak sia2 hg ambik ekonomi kt UM..kesan Patmawati yg mendidik hg..heheheh
Zif,
Patmawati mmg beri kesan. Sampai la aku masih ingat apa dia ajaq...
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