Hitesh Anand
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Greek population is about to lose its gold in a perfectly legitimate fashion, following amendments to the country’s constitution by unelected banker technocrats, who will make it legal for Greek creditors – read insolvent European banks – to plunder the Greek gold which at last check amounts to 111.6 tonnes according to the WGC. As …
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Permanent link to this article: http://www.wealthson.com/1795/greek-population-will-lose-all-its-gold-to-european-banks-in-latest-amendment-of-greek-constitution
On the New York Mercantile Exchange, light sweet crude futures for March settlement traded at USD96.08 a barrel during early U.S. trade falling 0.28%. Weakness in the U.S. dollar helped depress crude oil prices. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, gave back 0.06% …
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Permanent link to this article: http://www.wealthson.com/1790/crude-oil-might-again-touch-98
This great graphic on gold production and usage came from Trustable Gold, a company that provides information on purchasing gold by comparing the different investment opportunities.
Permanent link to this article: http://www.wealthson.com/1786/where-gold-comes-from-and-where-it-goes
Dear Investors, When written in Chinese the word “crisis” is composed of two characters. One represents “danger”, and the other represents “opportunity”. This is the most accurate way I can express my thoughts and feelings about the coming year in the commodities markets. Volatile, unpredictable yet scattered with times of great opportunity. The prophecy of …
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Permanent link to this article: http://www.wealthson.com/1782/letter-from-a-hedge-fund-to-its-client-on-how-the-world-financial-markets-could-be-in-2012
Yields of 1 Yr Greek bonds is now above 400% which means if you invest in Greek bonds now, you will get five times your money next year. But, even at such high yields, there are more sellers of the Greek bonds than the buyers today. That means investors are almost certain that Greek wouldn’t …
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Permanent link to this article: http://www.wealthson.com/1780/get-five-times-return-on-greek-bonds-or-wait-are-yields-meaningless-now
Mahindra & Mahindra has launched a US television campaign to publicise its claim to be the world’s largest tractor maker by volume – a milestone for the Indian industrial conglomerate – overtaking John Deere,http://ftalphaville.ft.com/thecut/2012/01/09/824351/mahindra-hits-milest… Royal Bank of Scotland is determined to press ahead with plans to pay out promised bonuses to investment bank boss John …
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Permanent link to this article: http://www.wealthson.com/1776/economic-affairs-around-the-world
Europe is falling into recession and it is evident from every new data release that comes up. Following today’s release of European manufacturing PMI data we are sadly no closer to getting any resolution on which way the great US-European divergence will compress. Because all we learned is that, very much as expected, Europe managed …
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Permanent link to this article: http://www.wealthson.com/1774/european-economy-contracts-for-fifth-month-continuously
