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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (39086)	8/20/2008 3:51:06 PM
From: Amark$p	Read Replies (1) \| Respond to of 217868

Ok, appears we will have to disagree on the future economic/political prospects for Pakistan. Believe Pakistan is a good poster child for the "The Financial Collapse of 2001 and Beyond" for both now and the future. The ongoing financial collapse in Pakistan is practically unrivaled, IMO, with little hope of turning around. For example: "Still, at least the Bombay Stock Exchange (BSE) has so far avoided the riots that broke out across the border in Karachi, Pakistan, in the middle of July [2008]. Down by 35% inside three months, the plunging Karachi Stock Exchange (KSE) needed police and the army to defend its offices on July 17th from a 1,000-strong mob of Panicked Investors. "I've lost all my savings," said one Pakistan stock-holder to the BBC's local correspondent. "I am upset because I am constantly losing money and there is no one ready to help me," said another. "For me, this is just a murder for my economic future," said a third after seeing his life savings – worth $5,000 – blown up. And here's the rub. "It's the uncertainty in the financial markets that is propelling gold upwards," as Devendra Nevgi, head of the Quantum Gold Fund says from Mumbai. Indian and Western investors alike might want to keep that in mind. Because, whatever the aesthetic or festive attractions of owning gold bullion, its role as the No.1 safe-haven asset remains. [Like in India, in Pakistan] "the rural poor account for two-thirds of annual gold purchases. Small-scale farmers have traditionally used spare cash to invest in small pieces of gold jewelry because, in the face of economic and political uncertainty, they favor gold above paper assets." Ten-tola bars are heavily traded across India, Pakistan, Singapore and the Middle East. gold-eagle.com news.bbc.co.uk Lucky for us, the Pakistani's continue to have an affinity for gold to protect their wealth. No more posts from me on this subject...