December 03, 2010

The Gold Price Continues Stronger Against All Paper Currency

This time I present gold price forecast by Merrill Lynch, the world's major players in the field of corporate finance and investment banking. Merrill Lynch estimates that within 12 -15 months ahead of world gold prices will reach U.S. $ 1,500, -/oz or up approximately 67% from current price.

Merrill Lynch Estimates are not far from my estimate is based on the fear the market will continue to decline in the purchasing power of U.S. dollar - which they say will culminate in fact - that the purchasing power of U.S. $ (and also other paper currency) is really declining.


 
Still according to Merrill Lynch this increase will be gradual, from current price of U.S. $ 913/oz will increase to U.S. $ 1,100 / oz in this quarter, then to U.S. $ 1.150 / oz next quarter and will continue to go to reach U.S. $ 1,500 / oz quarter first or second next year.


The interesting thing is, this time the gold price increase occurred amid a stronger U.S. $ against various world currencies strong. That is what this is all?, When the most powerful currency in the world today only (U.S. $) price of gold continues to climb - against other currencies weaker gold price would be higher ascension.


We have already witnessed in Indonesia, the price of gold (and of course price Dinar) reached its highest point last week. In other parts of the world too. Against the strong British currency, gold price also reached its highest point last week - see illustration on the chart above. The same graph with the graph will also be encountered on the Euro, Swiss Franc and the Dollar Australia.


Gold prices continued to strengthen against all paper currencies is frankly raises its own concerns for me, I'm afraid John Naisbitt predicted that people would abandon the national currency to the private currency (the real objects that have intrinsic value) - occur more quickly than are anticipated.


When this happens more quickly, while the hands of Muslims not doing enough to prepare the system for replacement of financial systems ribawi ... then it's either not fulfilled the conditions mentioned in the letter of Al Hasyr paragraph 2: "... they destroy houses their homes with their own hands and the hands of those who believe.So take it (the incident) to be a lesson, O men who have a view. "


Which means what? if our hands are not ready to do - could be a system that replaces paper money is not a fair system Dinar - but somehow evil system, what else will emerge.