Vietnam is trying to hold down inflation by suspending gold imports, says Eric Roseman.

Inflation there is out of control. And not only in Vietnam. Eric expects gold prices to break through it’s inflation-adjusted high of $2,200 set in 1980 as global inflation spikes.

Gold prices ended the week $930 an ounce on heightened inflation fears and despite a stronger dollar.

The Sovereign Society’s global investments expert, Mike Burnick, says rising inflation is a real threat to the BRIC economies.

Runaway price growth is certainly testing confidence in emerging markets, and stock prices in these BRIC nations are feeling the strain. However, according to Mike, a tighter monetary policy response in these countries could deal stock market investors a “death blow.”

In India prices are rising there at over 11% in annual terms, and are likely to be behind the government’s three-month ban on corn exports.

After the global financial industry shed $403 billion in write-downs, European banks are finally turning a corner and boosting their share prices.

German giant Deustche Bank AG (DB) and Switzerland’s UBS AG (UBS) both declared they would not need to raise further capital yesterday (Wednesday) as the bulk of losses tied to mortgage-backed securities is now behind them.

“At first glance this is some much-needed positive news for Deutsche in particular but also for the whole sector,” Helge Rechberger, head of equity market research at Raiffeisen Zentralbank in Vienna, told Bloomberg News. He said he remains “cautious” about the financial industry.

UBS AG (UBS) was at the center of a tornado of crushing news yesterday (Tuesday), as it announced major changes to its board amidst pressure from the U.S. Department of Justice to reveal the names of top clients taking advantage of the bank’s tax breaks.

Four of the No. 1 Swiss bank’s board members — Stephan Haeringer, Rolf Meyer, Peter Spuhler and Lawrence Weinbach — will step down at the bank’s Oct. 2 shareholder meeting.

In the frenzy of troubling news, UBS shares sank to a 10-year low, trading at $19.57 mid-afternoon Tuesday, before recovering slightly to close at $20.35.

After posting four consecutive quarterly losses, CIT Group Inc. (CIT) took a step in the right direction yesterday (Tuesday), announcing it struck $1.8 billion in separate deals with Lone Star Funds and a subsidiary of Warren Buffet’s Berkshire Hathaway Inc. (BRK.A, BRK.B).

Dallas, Tex.-based Lone Star will acquire CIT’s home lending business, which has $9.3 billion in assets and related servicing operations, for $1.5 billion in cash and the assumption of $4.4 billion in outstanding debt, MarketWatch reported.