Saturday, April 6, 2013

Argentina Desperate For Gold To Fight 25% Inflation


Interesting detail from Bloomberg.  Runs 2 minutes.
Demand for gold is so strong in Argentina, the only bank that trades gold is looking to buy bullion directly from mining companies.  A sign of things to come in other countries perhaps, as Argentina fights the highest inflation rate in the Western hemisphere.  And government bonds are forced to pay 14% -- 3 times higher than the emerging market average.

Great clip from earlier today:

Texas Wants Its Gold Back From The Fed

No comments:

Post a Comment