Thoughts
Increased growth in the developing economies will surely help Energizer.
I'd like to see the growth in the populated developing countries to extend to the smaller developing economies. Increased production rates in such economies would positively effect global living standards..
Production is positive for currency value, but politics inevitably come into play to effect currency value. Developing countries should consider adopting precious metals as the reserve base to back their currency and insure growth in production.
Highly populated countries such as India should consider recent advise from the World Gold Council to backstop their currency with gold.
Presently India has high consumer inflation of over 9% while deposit rates in banks are between 6% and 8.5%.
India should monetize their huge gold stockpiles of over 20,000 metric tonnes according to the World Gold Council (WGC) as reported by Bloomberg this morning.
The World Gold Council has approached the Reserve Bank of India (RBI) to work with it so that bullion could be used as a financial asset, rather than just a physical asset.
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There is a total of 1.0 million grams in a metric ton.
As a result India's 20,000 metric tonne would amount to 20 billion grams which after being divided by 31.103 grams (the grams in one troy ounce) would account for 643,024,789 troy ounces, which is 2.46 times the published US Gold Reserve of 8133.5 metric tonne or 261.5 million troy ounces.
India should consider converting it;s gold to a financial asset to inssure its growth and set an example for other developing economies.
https://www.resourceinvestor.com/2013/06/06/india-should-monetize-20000-metric-tonnes-of-gold?t=precious-metals