Dear PGM Capital Blog readers, Today February 22nd 2012, the Bank of England published the minutes of their February 8 & 9 2012, Monetary Policy Meeting, which shows that members had considered increasing its quantitative easing programme by more than the 50 billion British Pound cash injection made earlier this month. Policymakers voted by seven to two[…]
Dear PGM Capital Blog readers In accordance with the USA Debt Clock http://www.usdebtclock.org/ the USA has today, February 3rd 2012, a National Debt of approx. 15.3 Trillion USD. Based on its estimated nominal GDP of approx. 14.5 Trillion USD for 2011, the USA currently has a Debt to GDP ratio of over 100%. On top of this the USA has a budgetary deficit of approximately 10% and[…]
Dear PGM Capital Blog readers, Last Friday, January 13th, credit rating agency Standard & Poor, downgraded 7 European countries for which France & Austria lost their AAA credit rating. Moody’s also downgraded the US State of Illinois to A2, the lowest rating of any USA state. We believe that within 6 – 18 months the United Kingdom will[…]
Dear PGM Capital Blog readers, first of all we want to wish you a Happy Holiday and a very prosperous 2012. I think that most of you are happy that the year 2011, which will go into history as one of the most volatile and non-realistic markets dominated by fear, has come to an end.[…]
Dear PGM CAPITAL Blog readers, We are living in exceptional times and are now experiencing the fall of the once so mighty Western Nations (United States of America, Europe & Japan). Previously the shift of Economic Power caused a big war or was the consequence of big war. Nothing has changed. Currently the fall of the West[…]
Dear PGM CAPITAL Blog readers, In March 2009, Madoff pleaded guilty to 11 federal felonies and admitted to turning his wealth management business into a massive Ponzi scheme, which he started in early 1990, which defrauded thousands of investors of billions of dollars. On June 29, 2009, he was sentenced to 150 years in prison, the maximum allowed. The main reason why Madoff managed to[…]
Dear PGM CAPITAL Blog readers, Since May of this year, Europe, the Euro-zone and the European Debt crisis are the headline of almost every news media on the planet. Currently the head of state of the 27 European Nations are meeting in Brussels, their 21st meeting in 14 month, on the issue of the Greece[…]
Dear PGM-Capital Blog readers, After a very bad and dramatic Q3-2011, the selling has continued on the first day of the fourth quarter. Most investors are asking themselves what is going on in the markets, do we have it all wrong, shall we sell everything and go into cash? Or will history prove that this[…]
Dear PGM Capital Blog readers, Since July 22nd of this year we have seen the major global markets based on fear of a default of Greece in a tailspin. As can be seen in below charts, in the first instance Investors run to precious metals like gold, sending the price of Gold to an all time high of US$ 1,920.00 an oz, but[…]
Dear PGM Blog readers, Today, August 18th 2011, Gold appreciated with USD 35.90 or 2.01 % to close at an all time High of USD 1,824.90 an ounce in New York as can be seen from below chart. The Word Gold Council, has stated in its report “Gold Demand Trends” that the demand for gold[…]