Last man standing

Interessante Meldungen aus Indien:

Gold is last man standing as rupee fuels inflation
Unprecedented outflows from Indian gold funds are set to reverse as money managers predict rupee’s slump

Mumbai: Unprecedented outflows from Indian gold funds are set to reverse as money managers predict the rupee’s slump to an all-time low and resurgent inflation will spur demand for bullion as a store of value.

Kotak Mahindra Asset Management Co. and Reliance Capital Asset Management Ltd expect investors to boost holdings after withdrawing a record Rs.310 crore in June and July. Bullion prices in the world’s biggest gold-consuming nation have surged 21.8% since 30 June, according to data compiled by Bloomberg, while indexes measuring Indian bonds fell 6.4% and stocks dropped 4.5%.

“Gold is a natural hedge on your portfolio,” Lakshmi Iyer, a Mumbai-based fund manager at Kotak Mahindra Asset, which manages Rs.37,700 crore, said in an 21 August telephone interview. “It’s the last man standing.”

Bullion has rallied at almost twice the pace of global prices this quarter as the rupee plunged, threatening to fuel inflation in a nation that imports 80% of its oil. Optimism is rising in India at a time when gold traders elsewhere are more bearish on the metal as they prepare for the Federal Reserve to end stimulus that weakened the dollar.

“Gold helps portfolio diversification, especially in an environment of rupee depreciation,” Hiren Chandaria, a Mumbai-based fund manager at Reliance Capital Asset, which oversees $15.6 billion, said in an 16 August interview. “We are likely to see a good rebound in demand before Diwali,” he said, referring to the Hindu festival that falls in November this year. (Hier weiterlesen)

Fürwahr, wir leben in interessanten Zeiten! Wenn sich sogar Mainstream-Medien à la »Wirtschaftswoche« bemüßigt (bessergesagt, um nicht vor ihren Lesern als gekaufte Vollteppen dazustehen: gezwungen!) sehen, Artikel unter so hübschen Titelzeilen wie »Gold ist das bessere Geld«, »Gold geht nie pleite«, »Fast nur Gold als Alternative« oder »Die Bedeutung von Gold« online zu stellen, dann heißt das schon was — wo doch das Gold der natürliche Feind aller Zentralbankster ist. Und wer mit einem aus dem Macht- & Meinungskartell des ökonomisch-politisch-medialen Komplexes in Feindschaft lebt, hat sie alle zum Feind.

Ob der Bombenlärm — wie Backaroma & Co. hoffen — wirklich das immer lautere Knirschen im Gebälk unserer Schwindelgeld-Wolkenkratzer übertönen kann, wird sich noch herausstellen. Früh genug — und, für die meisten — immer zu spät ...