Prieur’s readings (November 20, 2009)
Prieur du Plessis (November 20th, 2009) Writes:
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Ambrose Evans-Pritchard (Telegraph): Is $6,300 fair value for gold? November 19, 2009. The last parabolic spike in gold took off when central banks joined the fray in the 1970s, hoarding bullion with the same enthusiasm as gold bugs. Dylan Grice from Société Générale says it smells much the same today. He sees an eerie similarity between the decision of India’s central bank to buy half the IMF’s entire sale of gold, and the move by France’s central bank to start converting dollars into gold in 1965.
• Gregory Zuckerman (The Wall Street Journal): John Paulson making big new bet on gold, November 19, 2009. John Paulson, who scored about $20 billion of profits between 2007 and early
...Alexandra Stevenson, Ambrose Evans-Pritchard, Bank, British Council;, central bank, central bank adviser, Chairman, Chia-Peck Wong, China, China, Courtney Comstock, Dylan Grice, Fan, federal reserve board, Federal Reserve System, Financial Times, Floyd Norris;, France, Goldman Sachs, Gregory Zuckerman;, India, India, International Monetary Fund, Investing Lessons, investment postcards, Jim DeMint, John Paulson, Market Commentary, martin wolf, National Institute of Economic Research, Paul Volcker, PBOC adviser, Ron Paul, SociéTé GéNéRale, Sophie Leung, the New York Times, The Wall Street Journal, USD, Wall Street Journal, windfall banking bonuses


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