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Gold Investments Market Update – Gold Surges on Obama’s Inauguration Day – Concerns regarding Asset Backed Derivatives and ETFs
It is a historic day for the world with the inauguration of the 44th President of the United States of America.
Gold has rallied by more than 2% despite continuing dollar strength and oil having collapsed 7% to just over $34 per barrel (Light Sweet Crude Oil Future – Combined – FEB09 : -7.6%) . While the dollar is up on hopes that President Obama can turn around the ailing US and indeed the global economy, stock markets internationally are under pressure again today with increasing concerns regarding the international banking and financial system.
Obama’s has been left an unholy mess by…
21Jan2009 | The Gold Blog | 0 comments | ContinuedAmerican Banksters
Who said the following – “Some of our bankers have shown themselves either incompetent or dishonest in their handling of the people’s funds. They have used the money entrusted to them in speculation and unwise loans.” George W. Bush? Hank Paulson? Ben Bernacke? Nope – it was Franklin D. Roosevelt on March 12, 1933!
I guess human nature doesn’t really change much. I wonder if someone will write a book on our era similar to “The Great Gatsby” and its look at Gilded Age society. Maybe the book will be titled “The Fabulous Fuld”?
Hear the Money Talk
The ‘best’ of America was…
27Oct2008 | Oxbury Research | Comments Off | ContinuedLooking for the Innovators
The “I†Cycle
While in Vienna last month, I grabbed hold of the international edition of The Wall Street Journal. Over a classic Viennese breakfast of coffee, a boiled egg and pastry, I stumbled across an interview with Ted Forstmann, titled, “The Credit Crisis Is Going to Get Worse.â€
I hadn’t seen Forstmann’s name in years. He once lorded over one of the world’s most famous private equity firms, Forstmann Little. For a time, it was, as the Journal notes, “the most successful private equity firm in the world, renowned for both its outsized returns and its caution.†When things got a…
3Sep2008 | The Penny Sleuth | Comments Off | ContinuedWarren Buffett, the “Oracle of Omaha,” Tells German Audiences That the U.S. Economy is in a Deep Recession
The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel.
The United States is “already in recession… perhaps not in the sense that economists would define it [with two consecutive quarters of declining gross domestic product (GDP)] but the people are already feeling the effects,” Buffett said. “It will be deeper and last longer than many think.”
As Money Morning reported back in March, Buffett made a similar pronouncement to U.S. audiences during an interview with the popular…
27May2008 | Money Morning | 1 comment | Continued
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