The fact that investors around the world are turning to gold is remarkable. Unlike a bond, stored gold offers no yield and, unlike a stock, gold provides no leverage to the performance of an enterprise. Buying gold is not an investment per se, compared, for example, to buying a gold mining stock, where...
Posted to
Hera
by
Ron Hera
on
Fri, Nov 13 2009
Filed under:
Filed under: Federal reserve, US dollar, inflation, Asia, USDX, Gold, IMF, Bretton Woods, ETF, USGS, US economy, gold lease, SDR, GFMS, central bank, CBGA, LBMA
The US economy has been in crisis since 2008 and despite optimistic statements by officials and commentators there are no fundamental signs that the crisis will end in the foreseeable future. Current economic data suggests a number of diverging and unsustainable trends. The US economy has suffered a...