Goodbye to austerity

There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP which must not be crossed, set by Professors Reinhart & Rogoff, is based on an excel spread-sheet error. Lastly, Bill Gross of PIMCO, the largest bond fund in the world, tells us austerity is not working.

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Physical gold vs paper gold: waiting for the dam to break

In this article I will argue that the recent fall in the gold price has generated substantial demand for bullion that will likely bring forward a financial and systemic disaster for both central and bullion banks. To understand why, we must examine their role and motivations in precious metals markets and assess current ownership of physical gold.

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Weekly Market Wrap: 22 February 2013 – Is this the end of the gold bull market?

This regular column reviews the condition of several markets, including stocks, commodities and precious metals. This week focuses on the Dow Jones Industrial Average, the FTSE 100, and the volatility in the sugar market. It also examines the question: is this the end of the gold bull market?

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