We are REVISING our GOLD target to Rs.40000 plus. Must read for ALL.
Friday, August 12, 16
We are REVISING our GOLD target to Rs.40000
plus. Must read for ALL.
Greetings from Hitesh! Last Friday,
we wrote our most appreciated post “RIGHT time to WORK on 2 of the most
Important AREAS of Your SUCCESS”. Many guys have taken FAST action on their
TWO AREAS as suggested by us. We have about 80 days left to DIWALI. I suggest
you take action during these auspicious days to work HOLISTICALLY on all the
factors for lasting SUCCESS. Now let me deal with the GOLD.
Let me take you to the PAST 135
years of international trade settlement system. This DATA is a must to keep in
mind before you think about why GOLD prices can move up further from here.
1st PHASE :- 1880 to 1915 ( before 1st
World War)
British pound was the RESERVE
Currency for trade settlement. This period was a period of 100% GOLD BACKING.
In other word – if you have 100USD – it means GOVT has gold worth of 100 USD.
You can EXCHANGE your Currency against GOLD.
2nd PHASE:- 1915 to 1944 ( INTERWAR PERIOD)
During war lot of currency notes
were printed. There was a fall of 1929 and depression, which followed it. US
FED was also established during this time. They were printing NOTES and they
brought down gold to 40% backing. In other words – for every USD 100 you will
get GOLD worth of USD 40 only!!
3rd PHASE:- 1945
to 1971 ( BRETTON WOOD TREATY)
They changed the system from USD to Gold to COUNTRY
SPECIFIC CURRENCY to USD to GOLD. They pegged gold at USD 35 per ounce.
Say India wants to buy GOLD, first Indian rupee needs to converted into USD
then US CENTRAL BANK will give GOLD to India against USD.
Most countries used this facility
and US lost 50% of its GOLD RESERVE!! The ratio came to USD 1 worth of GOLD in
RESERVE to actual currency of USD 8 in the market circulation!!
4th PHASE 15th AUGUST 1971
to till now:-
President NIXON cancelled BRETTON
WOOD standard and all the currencies of the world became the FIAT currency.
There is no backing what so ever behind them. Just CENTRAL BANKS used to
promise to deliver the VALUE of the RUPEE or USD.
All the currencies were pegged to
the USD and the system was working perfectly all right till 2007!!
In last 10 years WORLD economy is
facing DEPRESSION. JAPAN was the first country to go into depression and it
tried hard to revive the economy by money printing and brining the rates down
to ZERO. US also followed JAPAN and the end result is there is no SYSTEM, which
we have as of NOW. In fact, we have NEGATIVE interest rates NOW.
RECENT DEVELOPMENTS:-
1.
Most
countries are by passing USD as RESERVE CURRENCY and they are developing their
own way of settlement. Eg. India has FOOD for OIL Agreement with IRAN. IRAN follows GOLD standard with other
countries. CHINA has also by passed USD in dealing with various currencies.
Many countries have done the same. This means there is LOT OF USD in the SYSTEM
and there are NO TAKERS for the same. This USD will ultimately go to USA back
and the INFLATION will move up FAST there.
2.
In other
words – value of USD will go down and value of other currencies / commodities
will appreciate against USD. This is the reason we have given a BOLD call of
USD will touch Rs.35 to Rs.40!! Some JOKERS were SKEPTICAL on our calls. They
do not understand the ECONOMICS. Hope they will understand now.
3.
JAPAN has
started NEGATIVE interest rates. It has USD 13 TRILLION plus in BONDS and it is
a BLACKMAIL to suddenly announce negative rates.
4.
Money is
flowing into STOCK MARKETS and all of them are going one side up in spite of
negative or ordinary corporate results!!
Who are the most affected GUYS?
Guys with BIG Money are the most
affected. If they keep the money in Bank – they have to pay the Interests and
if they want to invest – they need a very large market/opportunity. Warren
Buffett is sitting with USD 70 billion perfectly due to this.
Stocks are up and they do not want
to invest in them / real estates are useless for USD 100 bln plus guys / US
BOND market is worth USD 19 trillion, big enough, but the return is near to
ZERO!! So, effectively there are not many opportunities for the REAL BIG GUYS.
That leaves us with GOLD.
How big is GOLD market?
Gold market is USD 7 TRILLION and
you can easily park your big money into it. Look at all the BIG GUYS like SOROS
/ Countries like CHINA/ RUSSIA, they are buying GOLD as if there is no
tomorrow.
GOLD price is still low from the TOP:-
Gold has come down from the high
of USD 1900. It is still available at USD 1350. This is the biggest SOLACE to
the guys who have to remove the money from Banks due to negative interest rates
as they are getting GOLD also at 2/3rd prices from the TOP.
How do we see coming SCENARIO?
There is no SYSTEM available as of
now to take place of USD standard. DOLLAR is DEAD for all practical purpose. GOLD
will be the in thing for the REAL BIG GUYS. They will DRIVE the PRICES like you
have never seen before.
We are REVISING our TARGETS:-
Our immediate target in GOLD is
USD 1500 for an ounce in USD and Rs.35000 in Indian Rupee. We see Gold going to
USD 1750 or Rs.40000 plus in India in coming time.
Should you buy it at the current price or not?
If you have READ the above and
UNDERSTOOD it – you will not ASK. You will just go and BUY as per your BUDGET.
Our TRACK RECORD in GOLD:-
From Rs.8600 per 10 Grams to
Rs.31500 per 10 Grams we have a long track record of going 100% right in our predication.
Same way we have a TRACK Record in
STOCKS / CRUDE / CURRENCIES / REAL ESTATE and other smaller asset classes.
NIXON changed the WORLD on 15th
August 1971. India’s destiny also changed on 15th August 1947 when
we got the INDEPENDENCE.
We are approaching 15th
August 2016 in just 2 days. If you really want to go for FINANCIAL FREEDOM –
the time is NOW. Just approach us now, be with us for 3 years and you will
never have to worry for MONEY again.
Just contact us.
Have A HAPPY INDEPENDENT DAY.
Follow me on Twitter @hiteshmparikh /
WhatsApp - +91-9869425399 / www.hiteshmparikh.com
Live With Passion…Invest
With Passion.
Hitesh Parikh.
www.hiteshmparikh.com
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