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If Hyperinflation Ahead Gold To $10,000 – If Deflation, $2,000 – Taylor

LONDON (MINEWEB) –

Jay Taylor, well-respected publisher of the miningstocks.com website and associated newsletter, makes some excellent points on the likely performance of what he calls the real price of gold (as opposed to the nominal price)  and on gold stocks – on both of which he is extremely bullish.  In part his premise relates to gold’s history as a store of wealth which helps those who invest in it maintain their wealth in [...]

Euro crisis far from over, stock analysts warn

via AP:

A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil.

But when it comes to Greek politics – and European economic policy – it’s never that easy. So the bumpy ride for financial markets isn’t over yet.

The conservative New Democracy party, which supports a bailout agreement [...]

EURO SURVIVES WEEKEND

Euro crisis far from over, stock analysts warn

WASHINGTON (AP) — A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil.

But when it comes to Greek politics – and European economic policy – it’s never that easy. So the bumpy ride for financial markets isn’t over yet.

The [...]

Chinese Vice Premier: ‘A Long-Term Global Recession Is Certain To Happen’

China’s Vice Premier Wang Qishan speaks during a news conference at the Foreign Office …

 

BEIJING (Reuters) – A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said.

“The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic,” Wang was quoted by the [...]

Swiss Parliament to discuss gold franc: Right-wing party seeks way back to gold standard

marketwatch.com ZURICH (MarketWatch) — The Swiss Parliament is expected later this year to discuss the creation of a gold franc — a parallel currency to the official Swiss franc, with the fringe initiative likely triggering a broader debate about the role of the precious metal in the Alpine nation.

The initiative is part of “Healthy Currency,” a campaign sponsored by politicians from the right-wing Swiss People’s [...]