We’ve moved from holding gold as an investment, to owning it as portfolio insurance. But is gold even worth holding as insurance anymore?
The Cyprus Government has said all of the banks are bust. Everyone has to sacrifice 10% of their savings to bail the system out. 'It’s the only solution.'
China’s economy has ‘geared up’ more dramatically than either the US or the Japan did right before two of the most devastating economic collapses in living memory.
With their last-minute deal on the ‘fiscal cliff‘, US politicians have proven yet again that government promises to cut spending are about as reliable as our own annual vows to do more press-ups, eat less cake, and stick to 21 units of alcohol a week.