The reason why I say that is the money supply is up, up, and up. You know, with the efforts by these central banks to lower interest rates they’re going to be printing like crazy.”
私が皆に推奨する理由はマネーサプライが up, up and up 状態だからだ。御存知の通り、どの中央銀行も金利を下げようとしておりまた常軌を逸した紙幣印刷をしようとしている。
[Jerome Powell] is trying to pretend it’s because of concerns
about the overseas economy. It is really the US economy that is driving
the Fed. That’s why this is just the first step on the road
back to zero. And you know, it was a mistake when the Fed went back to
zero the last time; it’s going to be an even bigger mistake when they do
it next time. And they’re also going to go back to quantitative easing.
You know, they announced yesterday the end of quantitative tightening,
but the next step is to go back to QE, and QE 4 is going to be bigger than QE 1, 2 and 3 combined.”
The Fed isn’t alone on the path toward more monetary stimulus. In an interview with the Wall Street Journal,
Finnish central bank governor Olli Rehn raised the prospect of new
easing measures from the European Central Bank. He said, “It’s important
that we come up with a significant and impactful policy package in
September. When you’re working with financial markets, it’s often better
to overshoot than undershoot, and better to have a very strong package
of policy measures than to tinker.”
さらなる金融刺激策に向かっているのはFEDだけではない。Wall Street Jounalのインタビューに答えて、フィンランドの中央銀行総裁Olli RehnはECBにおける新たな緩和可能性が高まっていると答えた。更に彼はこう言う、「大切なことだが、我々はインパクトの在る政策パッケージを９月に準備している。金融市場で働いているならわかるだろうが、アンダーシュートよりもオーバーシュートのほうが望ましい、そして想像を超えた強い政策パッケージが望ましい。」
During the Bloomberg interview, Mobius also addressed the proliferation of cryptocurrencies. He said he believes the rise of bitcoin and other cryptos will actually be good for gold.
You have all these currencies, new currencies coming into play. I
call them ‘psycho currencies,’ because it’s a matter of faith whether
you believe in Bitcoin or any of the other cyber-currencies. I
think with the rise of that, there’s going to be a demand for real, hard
assets, and that includes gold because gold can play a role not only as
an asset but also as a currency.”
Mobius said investors should have at least 10% of their portfolio in gold.
Mobiusは投資家に少なくともポートフォリオの１０％をゴールドにするべきだと主張した。
“I’m talking about physical gold,” he said.
彼が言うには「私が話しているのは現物ゴールドだ」ということだ。
Peter Schiff has been advising this for a long time. Currently, only
about 1% of the world’s investable capital is in gold. Peter has said
it would be wise to make the move sooner rather than later.
Peter Schiffは長年こういうふうにアドバイスしてきた。現在のところ世界の投資資金の内ゴールドの占める割合は１％程度でしかない。Peterは先延ばしせずにすぐに行動することが賢明だという。
If the idea goes mainstream, and all investors go to a 10%
gold allocation, the price will skyrocket. Investors need to move
quickly to get ahead of the crowd.”
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