Global Economy, recession, depression, or...

Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.
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Re: Global Economy, recession, depression, or...

Post by admin » Tue Mar 23, 2021 7:35 pm

Some are upgrading Chile for a 9% growth, from a 6%, as Chile will be set to grow the fastest since 1986 with the high copper price and one of the fastest vaccine roll outs in the World.

https://www.bloomberg.com/news/articles ... uarantines

Not sure I buy 9%, but pretty sure it will be pretty big growth off a 5.8% contraction last year.

The "bonos" they are proposing is the equivalent of 2% of GDP or about $6 billion dollars, and they are saying they can pay for it almost entirely out of the increase income from copper. That is assuming they figure out how to give the money away. :roll:
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mem
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Re: Global Economy, recession, depression, or...

Post by mem » Sun Jul 18, 2021 4:21 pm

Some interesting stats on India regarding how people are surving the multiple waves of economic problems. I was very surprised to read that 2/3 of India's noninstitutional gold demand comes from the rural areas and 1 in 2 households in India in the last 5 years had purchased gold. If this is even close to accurate I'm stunned. Particularly the rural/poor slant where it's a necessity of survival not a just a luxury. Supposedly the households of India...just private dwellings collectively hold at least 25,000 tons of gold.

I totally get it's a pro gold site...and its India. I dont want to resuscitate any debate on rocks versus paper versus scissors versus x. :lol:

Just maybe resuscitate this thread as a whole :D

https://schiffgold.com/key-gold-news/ma ... -pandemic/

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Re: Global Economy, recession, depression, or...

Post by tiagoabner » Sun Jul 18, 2021 4:54 pm

mem wrote:
Sun Jul 18, 2021 4:21 pm
Some interesting stats on India regarding how people are surving the multiple waves of economic problems. I was very surprised to read that 2/3 of India's noninstitutional gold demand comes from the rural areas and 1 in 2 households in India in the last 5 years had purchased gold. If this is even close to accurate I'm stunned. Particularly the rural/poor slant where it's a necessity of survival not a just a luxury. Supposedly the households of India...just private dwellings collectively hold at least 25,000 tons of gold.

I totally get it's a pro gold site...and its India. I dont want to resuscitate any debate on rocks versus paper versus scissors versus x. :lol:

Just maybe resuscitate this thread as a whole :D

https://schiffgold.com/key-gold-news/ma ... -pandemic/
58% of Indian families work in agriculture-related fields, which is unusually high for countries with such a large population. Source: https://www.ibef.org/industry/agricultu ... %20billion)%20in%20FY20.

So 2/3 of gold demand coming from rural areas isn't that surprising.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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Re: Global Economy, recession, depression, or...

Post by admin » Sun Jul 18, 2021 5:29 pm

tiagoabner wrote:
Sun Jul 18, 2021 4:54 pm
mem wrote:
Sun Jul 18, 2021 4:21 pm
Some interesting stats on India regarding how people are surving the multiple waves of economic problems. I was very surprised to read that 2/3 of India's noninstitutional gold demand comes from the rural areas and 1 in 2 households in India in the last 5 years had purchased gold. If this is even close to accurate I'm stunned. Particularly the rural/poor slant where it's a necessity of survival not a just a luxury. Supposedly the households of India...just private dwellings collectively hold at least 25,000 tons of gold.

I totally get it's a pro gold site...and its India. I dont want to resuscitate any debate on rocks versus paper versus scissors versus x. :lol:

Just maybe resuscitate this thread as a whole :D

https://schiffgold.com/key-gold-news/ma ... -pandemic/
58% of Indian families work in agriculture-related fields, which is unusually high for countries with such a large population. Source: https://www.ibef.org/industry/agricultu ... %20billion)%20in%20FY20.

So 2/3 of gold demand coming from rural areas isn't that surprising.
but, hey launching satellites is more important than vaccinating the population.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

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