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Always scan attachments before opening them. _____ From: Quantum Gold Fund [mailto:[email protected]] Sent: Thursday, February 12, 2009 11:27 AM To: [email protected] Subject: The Golden Truth - Will it be the Return of Higher Inflation Please <http://www.quantumamc.com/Goldentruth/11feb09/11feb09_web.html> CLICK HERE if you are unable to view this mailer correctly The Golden Truth: Where Would Gold go from here? <http://www.quantumamc.com/Goldentruth/images/top.gif> Will it be the "Return of Higher Inflation"? <http://www.quantumamc.com/Goldentruth/images/bottom1.gif> India's Inflation (WPI) is seen trickling down week over week. Last year this time, we were worried about the rising inflation i.e. higher prices for goods and services. But now, the scenario has changed as the Indian economy slows down and commodity prices collapsed globally, the inflation printed a lower figure of 5.07% and will continue to move lower in the coming months. Definitely, a big reason to cheer!!! But, for how long? It won't be long before we see the eventual return of higher inflation. Surprised?? Before we answer that, let us analyse the reason for high inflation that we saw and why has it turned down? Higher inflation was a result of steep rise in commodities. Commodities increased in value on account of slow supply response to strong new structural demand from developing economies. One of the reasons for rising inflation was excess liquidity and leverage on account of low real interest rates and the lax monetary policies. This led to too much of money chasing too few goods. Chart I: India WPI Inflation (YoY) <http://www.quantumamc.com/goldentruth/images/110209a.gif> As the credit bubble burst in US with the eruption of the sub-prime crisis, asset prices and leverage declined rapidly. Falling house prices and tightening credit standards by banks led to demand destruction adversely affecting real economies globally. Banks got lifeline from governments or were shut down. Speculative and leveraged investments unwounded leading to fall in asset prices including commodities, thereby lowering inflation. Central Banks and governments swung in action to pull the sinking economies out of impending recession towards growth at any cost. Easy money (zero interest rates) and massive bail outs are the order of the day. We have seen sharp fall in interest rates globally. Eventually, the money creation would increase exponentially world wide. Slowly but surely, the world has started moving from tighter liquidity to easy money and surplus liquidity. Though for the time being, central banks are focusing on growth and ignoring it, inflation will eventually return as economic growth and demand bounces back. Chart II: Return of Inflation <http://www.quantumamc.com/goldentruth/11feb09/11feb09.gif> Source: <http://www.quantumamc.com> www.QuantumAMC.com Are you ready for the return of higher inflation??? The food price inflation in India is still at 11.1%, refusing to come down. If demand and economic growth are back, where will it go? Gold has historically proved to be a good hedge against inflation. Don't let the inflation eat into your incomes. Buy Gold, and protect yourself against rising inflation in the future. Buy Gold now. <http://www.quantumamc.com/schemes/goldetf.html> Buy Quantum Gold Fund. A Cheaper and Convenient way of owning High Quality Gold To Buy Gold... Call your broker and buy <http://quantumamc.com/schemes/hti.html> Quantum Gold Fund (ETF) on the NSE Code - ( <http://quantumamc.com/schemes/hti.html> QGOLDHALF) or log on to your online trading account and place the order. Now! ADVANTAGES OF QUANTUM GOLD FUND * Backed by Gold of 0.995 fineness * Available on NSE symbol - QGOLDHALF * Buy through any NSE broker-member * Save on making charges and premiums * Gold holdings secured and insured * Low recurring expenses * No Wealth Tax * Concessional Long Term Capital Gains Tax after 1 year * One unit equals approximately half gram Gold <http://www.quantumamc.com/Goldentruth/11feb09/11feb09_web.html#a1> Click here to leave us a message <http://www.quantumamc.com/Goldentruth/images/Q_Logo.jpg> OR CALL NOW - Toll Free: 1 800 22 3863 or +91 22 2282 9414 For more information <http://quantumamc.com/schemes/Goldetf.html> Click Here. You can also email us at <mailto:[email protected]?subject=the%20golden%20truth:%20Will%20it%20 be%20the%20Return%20of%20higher%20inflation> [email protected] Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing. <http://quantumamc.com/legal/risk_allfunds.html> Click here for detailed risk factors and statutory information on the schemes Disclaimer: The views expressed in this article are of Quantum AMC Pvt. Ltd., and is in no way a definite prediction on trends of Gold. The views are based on past trends in the bullion markets, which may or may not be sustained in the future. This mail communication is an initiative of Quantum AMC Pvt. Ltd. If you do not wish to receive these in the future, kindly reply to this email marking "Unsubscribe" in the subject line. <http://www.quantumamc.com/Goldentruth/images/bottom.gif> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. 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