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The Gold EconomyBringing you the latest Gold Price, Gold News and Gold Investing Information
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| Wednesday, February 22nd, 2012 - The Gold Economy - Bringing you trusted gold news and gold investing information since 2006 |
How can you write an entire article that bashes gold (e.g., how it has no intrinsic value, pays no dividend, etc. ) and not once mention the negative attributes of paper money – what replaced gold for good (supposedly) about 40 years ago? Really! Think about it for a second.You can’t.
Tim Iacono submits:
Market Folly submits:
Earlier, we posted a compilation of notes from the Ira Sohn Conference and we also detailed Steve Eisman’s presentation, Subprime Goes to College. Next, we’re detailing the speech from Greenlight Capital’s David Einhorn. The hedge fund manager’s speech entitled, "Good News for the Grandchildren" focuses on how our grandchildren won’t have to pay for the consequences of our actions; we will. He thinks a crisis has already unfolded and that our generation will be the ones paying for it. Instead of watching the situation spiral into a debt crisis, Einhorn urges us to… Continue reading
Mark O’Byrne submits:
Gold
Gold edged higher again yesterday on a continuing safe haven bid due to various macroeconomic and geopolitical risks, and has fallen marginally in trading today. Gold is currently trading at $1,206.48/oz and in euro and GBP terms, at €976.43/oz and £830.34/oz respectively.
Hard Assets Investor submits:
Real-time Monetary Inflation (last 12-months): – 3.3%
Most of the world’s reserve currencies lost ground to gold this week. The notable exception was the Japanese yen, which appreciated 0.4 percent versus bullion. The euro fell 1.2 percent, while sterling eased 0.7 percent. Gold set a new high against the Swiss franc when it rose 1.8 percent against the currency.
