Gold prices closed at $1,775.80 yesterday in New York. As a safe haven asset class investors have sought shelter in gold during turbulence in equity markets for years and more recently gold prices shot up after the financial crisis. Over the long-term gold has rewarded investors extremely well. With the introduction of fiat money gold …
The chart below shows the private debt to GDP in the US, UK and Australia: Click to enlarge Source: The Absolute Return Letter February 2012, The Unlikely Bull Market Absolute Return Partners, LLP British households are more leveraged than households in the U.S. Private debt peaked at over 450% of GDP in 2008 in UK …
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UK-based oil and gas company BG Group (BRGYY) split its ADR stock 5 for 1 last week. Some details from the corporate site: Effective 13 February 2012, the new BG Group ADR represents one ordinary share (previously one ADR represented five ordinary shares). As a result of the ratio change, ADR holders of BG Group …
Dear Visitors I was not able to update the site for more than two weeks due to lack of time and some personal issues. Regular posting starts today and hopefully I will be able to maintain my usual schedule moving forward. Thanks for your understanding !! -David
Many countries in Europe are struggling with huge deficits. In the past few years Portugal, Ireland, Italy, Greece and Spain (PIIGS) have had severe economic issues with Greece requiring multiple bailouts to avoid a default on its debt. One of the reasons why many of the European countries are suffering with debt problems is that …
Continue reading ‘Can European Countries Afford Liberal Pension Benefits ?’ »