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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
