LaBourse28 Aug 2013 13:30
on iii sectors mining the leaders now tend to be gold rather than silver miners which is surprising,as silver has risen nearly 1/3.Gold still of course has the insurance and central banks vaults connections and is money too in times of crisis.Yes Syria might be dwarfed by any fiscal cliff crisis.And defence gets cut automatically too with that..it is hard to check the claims there's a housing boom-is it real or pushed by speculation,and yes China has built many empty cities.I've some LRL and the Ordos region a cold semi desert became famous for one of those.Could a sub prime problem appear in China-I've no idea how mortgages are paid there...China seems keen to import gold unlike India.UK gold dealers one I track is Baird and Co, where of 30 UK coin types 11 are unavailable.We said elsewhere too how the Telegraph,IC,Shares mag. and FT News articles in recent days seemed well out,using old gold prices,making claims untrue like gold falls at the same time as the markets and gold doesn't like bond falls or interest rate rises-untrue in the 70's mortgages were 15.5% with gold doing well.You wonder if its poor research or vested interests to write such things ? GL