Raymond sent this New York Times piece: Inside The Global Frenzy For Gold
Several readers sent this: Gold price hits record high as dollar wanes. JWR’s advice: Wait until the next profit-taking dip in precious metals, but then invest in silver, not gold. (I anticipate that silver may dip to as low as $12 per ounce, a proportionately much deeper drop, than gold. Watch the silver-to-gold price ratio closely! In the long term, the value of silver will gain versus gold, since silver is being consumed–and not reclaimed–from industrial use. (Nearly all gold is reclaimed, but an incredible amount of silver ends up in landfills.)
“Oxy” liked this article: The Next Big Bubble?
Items from The Economatrix:
AIG Taps Another $2.1 Billion from US for ILFC Share Purchase
Calderon Says Mexico No Longer in Recession
Mexico Faces Possible Downgrade After Tax Bill
World Unemployment Up Despite Economic Recovery
Japan PM: The State of the Economy is Severe
Japanese Shares Close Down 2.31% Over Doubts of US Recovery