Economics and Investing:

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

Bank of Japan Begins Gradual Pullout of Credit Markets