Gold As An Inflation Fighter!
Feb 5th, 2009 | By Chuck Butler | Category: Financial News, Gold MarketBOE to cut rates today… ECB will wait to cut for now… Black clouds forming for India? German factory Orders Plunge! And Now… Today’s Pfennig!
BOE to cut rates today… ECB will wait to cut for now… Black clouds forming for India? German factory Orders Plunge! And Now… Today’s Pfennig!
India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package. The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%.
The Indian land mass is moving 2 inches per year towards Tibet and China. It has been adrift for some 50 million years. The Himalayas were created when the large mass of land that is India banged into Asia. The recent earthquake in China was a result of this continuing, constant pushing.