Argentina Desperate For Gold To Fight 25% Inflation

Interesting detail from Bloomberg.  Runs 2 minutes.

Demand for gold is so strong in Argentina, the only bank that trades gold is looking to buy bullion directly from mining companies.  A sign of things to come in other countries perhaps, as Argentina fights the highest inflation rate in the Western hemisphere.  And government bonds are forced to pay 14% -- 3 times higher than the emerging market average.

Great clip from earlier today:

Texas Wants Its Gold Back From The Fed

Comments

[DailyBail]

The Coming NAFTA-EU Free Trade Zone

http://intellihub.com/2013/03/26/final-push-for-a-canada-eu-ceta-and-the-coming-nafta-eu-free-trade-zone/

[dogismyth]

why in the phuck would anyone quote "bloomberg" or believe the propaganda they spew? Are you serious? One thing I have learned over the years is that everyone is full of shit. That would include the major media, politicians, bankers, corporations and alternative news bloggers. There is no truth because everyone regurgitates what they been told by someone else. NO ONE does any investigative journalism. Not this site or any site I have visited in the past years.

Everyone is full of crap and talking out of their asshol.

[DailyBail]

Dog

Sites don't do investigative journalism because they don't have the budgets. What in the hell are you objecting to in this report about Argentina? Regarding news sources -- everyone has a black mark. There is no media source with a perfect record. I've asked you before. What in the hell would I cover if I excluded every source?

[James]

Dailybail,
I have operated a policy/economic analysis blog for 2-3 years (now defunct), and I know that we always need to quote reputable sources at one point. The funny thing is that the most blunt/truthful sources were financial reporting sites (like Financial Times) because they are not aimed at the plebs. The other thing I noted is that indeed everyone (absolutely everyone) is wrong on a few things, so you need to choose what makes sense and leave the rest.

Keep up the good work.

J.