FX Street Tania Elvira Diaz Gonzalez (fxstreet.es), of Barcelona Cataluña España Spain
& Copyright Theft
Perhaps we should be flattered by the number of people including dealers who continually infringe our IP (Intellectual Property) rights by using our copyright images, but we do not find it amusing, and will take legal action against any copyright thieves.
taniadiaz79@gmail.com
FX Street Tania Elvira Diaz Gonzalez (fxstreet.es), of Barcelona Cataluña España Spain
& Copyright Theft
FX Street Tania Elvira Diaz Gonzalez (fxstreet.es) of Barcelona Cataluña España Spain
, are just one of the many coin & bullion dealers worldwide who commit copyright theft by using our copyright images without our permission.
At least three of the pages of their website use numerous of our high quality copyright gold coin photographs without our permission.
Their "El valor del oro en tiempos de crisis" (The value of gold in times of crisis) page uses our photograph of a stack of gold bars from our Gold Bars Index page.
Copyright Theft is Dishonest - Can You Trust This Dealer?
Using other people's copyright images is illegal, it is dishonest, and it is unethical. Using the hard work of a fellow dealer to sell the same goods in competition with him demonstrates an extremely low standard of ethics. We would not recommend anybody to transact business with this person or company.
Who would have thought such an honest reputable
company would resort to stealing images from their competitors?
There is a copyright notice at the bottom of every page on the FX Street website, so they can't claim innocent infringement or ignorance. Copyright infringement is theft.
About Us Page
We could not find an "About Us" page.
El Valor del Oro en Tiempos de Crisis Page
El Valor del Oro en Tiempos de Crisis
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Boletín del precio del oro
Este informe ha sido desactivado
El valor del oro en tiempos de crisis
jueves, 25 de septiembre de 2008, 06:56 GMT
por Marion Mueller
Oro y Finanzas | Ver perfil de la compañía
Madrid, 25 de septiembre 2008 (OroyFinanzas) – Mientras los bancos centrales continúan las inyecciones masivas de dinero y seguimos sin conocer las consecuencias de todo lo sucedido estas últimas semanas en los mercados financieros, el oro podría estar entrando en una nueva fase alcista. En los últimos 6 años, la cotización del oro ha aumentado de manera progresiva y continuada desde los 300 a los 1.000$ alcanzados en marzo del 2008, por ser considerada una inversión refugio/segura en medio de la incertidumbre financiera. A partir de ahora, este valor continuara al alza debido a las crecientes perspectivas de inflación.
Mientras los bancos centrales estén llevando a cabo su peculiar batalla contra la recesión económica mundial inyectando dinero/deuda a los mercados, la inflación será la menor de sus preocupaciones y el oro, en paralelo, aumentará su valor en todas las monedas como consecuencia de la perdida de confianza en las divisas internacionales. La acción al alza del oro el pasado miércoles 17 de Septiembre subiendo 85,20 dólares la onza en una sola sesión es solo un ejemplo de la velocidad a la que puede disparare el metal.
Los Nobel de Economía también se equivocan
El Nobel de Economía Milton Friedman predijo a principios de los años 70 que el precio de oro se colapsaría. Friedman vaticinó que el oro no continuaría siendo un valor refugio una vez finalizada (de forma unilateral y por decreto por el presidente Nixon) la convertibilidad dólar/oro. Todo un Nobel de la Economía olvidó que el oro se encuentra desde hace más de 4.000 años en el subconsciente colectivo de la humanidad, representando el papel de dinero y que eso no se puede borrar con un decreto. Friedman especulaba con que el valor del oro derivaba de su relación con el dólar americano. Argumentaba que sin estar respaldado el dólar por el metal, se reduciría la demanda de este último. Pensaba que habría demanda para uso industrial pero que sin la demanda monetaria proveniente del dólar, todo el oro acumulado a lo largo de los siglos anteriores inundaría el mercado y en consecuencia el precio del metal bajaría.
Milton Friedman se equivocó. Fue el dólar el que se devalúo en los años 70, mientras el precio de oro, en dólares, comenzó un ciclo alcista desde los 35$ de 1970 hasta los 850$ la onza alcanzados en 1980. En términos nominales los 850$ no se volvieron a alcanzar hasta finales del 2007. Si ajustamos los máximos de 850 dólares del oro alcanzados en 1980 al valor en dólares actuales usando la calculadora oficial de inflación del gobierno americano http://www.bls.gov/data/inflation_calculator.htm
Podremos comprobar que, en la actualidad, el oro debería estar cotizando en $2,260, para alcanzar ajustados a inflación los máximos de 850$ en 1980.
El oro como valor refugio
La función de dinero que desempeña el oro puede que aun no haya finalizado. Goldman-Sachs ha estimado que anualmente 70 millones de personas entran a formar parte de la clase media. No podemos obviar en un entorno de economía globalizada el que dos de las economías emergentes que están experimentando mayor crecimiento de sus clases medias son China e India cuya población hace siglos que tiene gran cultura de ahorro en oro. Por otra parte, los ciclos al alza o a la baja de las materias primas tienen una duración de 20 años aproximadamente. El ciclo actual se encuentra en el primer tercio de este ciclo alcista.
Mientras tanto, el sistema monetario internacional sufre una de las crisis mas graves de la historia y el oro vuelve a actuar como "dinero a la sombra," como una divisa mas, una alternativa que compite con el "dinero político" dinero que se puede crear de la nada sin respaldo alguno, mas que el de la confianza en aquellos que lo emiten. El exceso de endeudamiento existente es consecuencia de la eliminación de un respaldo monetario como fue el oro sin el cual fue posible expandir el crédito hasta alcanzar los niveles actuales.
El oro nos está mostrando que sigue siendo un activo seguro de refugio en medio del colapso del sistema de dinero/ papel en el que estamos inmersos.
www.oroyfinanzas.com
Publicado el jueves, 25 de septiembre de 2008, 07:04 GMT
Translation (by Google)
FUNDAMENTAL
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The value of gold in times of crisis
Thursday, September 25, 2008, 6:56 GMT
by Marion Mueller
Gold and Finance | View company profile
Madrid, September 25, 2008 (OroyFinanzas) - As central banks continue massive injections of money and we still do not know the consequences of what happened the last few weeks in financial markets, gold might be entering a new bull phase. In the last six years, the price of gold has increased progressively and continuously from 300 to $ 1,000 reached in March 2008, being considered an investment haven / safe in the midst of financial uncertainty. From now on, this value will continue to rise due to increasing inflation outlook.
While central banks are carrying out their peculiar battle against global recession by injecting money / debt markets, inflation will be the least of their worries and gold, in parallel, will increase its value in all currencies as a result of loss of confidence in the international currencies. The upward action of gold on Wednesday September 17 up $ 85.20 an ounce in one sitting is just one example of how fast you can shoot the metal.
The Nobel economics are also wrong
The Nobel economist Milton Friedman predicted in the early 70s the price of gold would collapse. Friedman predicted that gold would remain a refuge value upon completion (unilaterally and by decree by President Nixon) the convertibility of dollar / gold. A whole Economics Nobel forget that gold is more than 4000 years in the collective subconscious of humanity, in the role of money and that can not be erased with a decree. Friedman speculated that gold's value derived from its relationship with the U.S. dollar. He argued that without the dollar be backed by metal, reducing the demand for the latter. I thought it would demand for industrial use but without the demand for money from the dollar, the gold accumulated over the previous centuries would flood the market and hence would lower the price of metal.
Milton Friedman was wrong. It was the dollar is devalued in the 70s, while the price of gold, in dollars, began an upward trend from $ 35 in 1970 to the $ 850 an ounce reached in 1980. In nominal terms of $ 850 not again reached until the end of 2007. If we adjust the maximum of gold reached $ 850 in 1980 to current dollar value using the official inflation calculator of the American government
http://www.bls.gov/data/inflation_calculator.htm
We can see that now, gold should be trading at $ 2.260, to achieve the highest inflation-adjusted $ 850 in 1980.
The value of gold as haven
The role played by the gold money may still not finalized. Goldman Sachs has estimated that 70 million people annually become part of the middle class. We can not forget in a context of globalized economy, two of the emerging economies are experiencing higher growth of middle classes are China and India, whose population has for centuries that great culture of savings in gold. Moreover, cycles up or down of raw materials last for about 20 years. The current cycle is in the first third of this bull cycle.
Meanwhile, the international monetary system has one of the most serious crisis in history and the gold turns to act as "shadow money" as a currency but an alternative that competes with the "political money" money that can be create out of nothing without endorsement, but the confidence in those who emit. The excess of existing indebtedness is the result of the elimination of monetary support as was the gold without which it was possible to expand credit to reach the current levels.
Gold is showing us that it remains a safe haven asset amid the collapse of money on paper in which we are immersed.
www.oroyfinanzas.com
Posted on Thursday, September 25, 2008, 7:04 GMT
"Contact" Page
Nota: FXstreet.com trata la información personal como confidencial y no la distribuye a terceras personas. Tu privacidad es nuestra mayor preocupación.
FXstreet.com
Portaferrissa 7, 1r 2a
Barcelona 08002
Cataluña - España
Tel +34 93 3040495
Fax +34 93 3040496
FXstreet.com belongs to FOREXSTREET S.L, a company registered at the "Registro Mercantil de Barcelona": Tomo: 33351, Folio: 135, Hoja: B230633, Inscripción 1. Barcelona, March 9 2001. CIF: B62498233
Translation:
FXstreet.com
Portaferrissa 7, 1r 2a Portaferrissa July, the 2nd 1st
Barcelona 08002 Barcelona 08002
Cataluña - España Catalonia - Spain
Tel +34 93 3040495 Tel +34 93 3040495
Fax +34 93 3040496 Fax +34 93 3040496
FXstreet.com belongs to FOREXSTREET SL, a company registered at the "Registro Mercantil de Barcelona": Tomo: 33351, Folio: 135, Hoja: B230633, Inscripción 1. Barcelona, March 9 2001. CIF: B62498233 FXstreet.com Belongs to FOREXSTREET SL, a company registered at the "Registro Mercantil de Barcelona: Tomo: 33 351, Folio 135, Hoja: B230633, Inscripción 1. Barcelona, March 9 2001. CIF: B62498233
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What's Wrong?
It is dishonest and unethical to pirate and steal other people's work by using high quality copyright photographs without the owner's consent. To do so in competition with them is doubly devious. We can partially understand why they do it; it is quick and easy (but then so is robbing people).
In this case FX Street could not be bothered to take the time and trouble of photographing any gold coins for themselves, or paying a professional photographer to do it for them, so decided it was quicker and easier to steal ours instead. They probably also thought we would not notice.
For these reasons, we conclude that FX Street are dishonest and unethical, and we recommend anybody to avoid doing business with them. If they will cheat us by stealing our photographs, what would they do to you for your gold coins, your precious metal or your money?
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