Several readers sent this: Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030 [1]. Of course, many SurvivalBloggers would consider the timeframe of their prediction overly optimistic.
SurvivalBlog reader G.T. Mace, a gold dealer, sent me some details on a new gram units gold bullion product from KB Edelmetall Gmbh of Switzerland and Germany that is packaged in tamper-proof plastic, in the form factor a credit card: Karatbars [2]. Be advised that I haven’t researched their mark-up percentage (and you definitely should, before buying), but the concept is captivating. BTW, with 31.1035 grams per Troy Ounce you can simply divide the spot price per ounce [3] by 31.1035 to determine the cost per gram.
So much for global economic recovery. See this: Too Many Container and Dry Bulk Vessels But What of Oil Tanker Futures? [4] And this: COSCO reports yearly losses of $1.66 billion [5]. (Thanks J. McC for the link.)
CIO, Board Struggle to Fix CalPERS [6]
Ben Bernanke to Engineer a ‘Shock & Awe’ to Save the Fed [7]
Items from The Economatrix:
Is Now a “Golden” Opportunity? [8]