http://www.independent.co.uk/news/bu...r-1798175.html
This article could go on any of the pages on Forex, but I'll post it here on the gold page.
It sounds more genuine than most beat ups, and Robert Fisk has a good name.
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http://www.independent.co.uk/news/bu...r-1798175.html
This article could go on any of the pages on Forex, but I'll post it here on the gold page.
It sounds more genuine than most beat ups, and Robert Fisk has a good name.
Jim Willie has been writing about this for a year now. I think the USD will continue it's long-term, controlled slide south, but I'm not so sure that it will lose it's key global position because in the short term at least, there is nothing else out there to replace it with. But a trend is certainly starting to emerge with countries (China/Russia - China/Brazil) settling trade in each other's currencies rather than USD. So I guess it could become more and more marginalized. Oil is the big unknown, if peak oil really is true and over the coming years becomes more and more expensive to extract, then oil producing countries will want something more substantial than USD - they may even demand gold!
There is talk that the Chinese is preparing for a float of the Yuan in a few years. they will back the Yuan with commodities and not just a worthless piece of paper like the US$ and the Pound.
Well...AUD POG hasnt moved an inch in months. I suspect that same is true for NZD POG.
Nothing to see here fellas...
Harrods department store in London has has just added gold bars to its merchandise line.
http://www.stuff.co.nz/world/europe/...old-by-the-bar
Bet there is a huge premium buying over the counter, I would even be a little worried about security walking out of a retail store with a pocket full of bullion.
Either way interesting concept.
well I guess at 12.5 kg it rules out the shoeshine boys, but somehow it reminds me of the story. contrarian signal?
discl
hold silver.