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08.10.2009, 21:25

The season of the gold bug

Gold is the strangest of commodities, used essentially only for adornment and investment. But the oldest measure of wealth, and its reemergence this decade, tells us a lot about our world.

06.10.2009, 17:17 1 comment

Gold climbs to all time high on greenback speculation

Gold has climbed to an all time high on renewed speculation about the U.S. dollar, after a report by British journalist Robert Fisk suggested key economies were planning to move away from the dollars reserve status.

22.09.2009, 14:15

Highland Gold posts 1H 2009 net profit of $38.1 million

London listed, Russia focussed gold miner, Highland Gold, has posted a 1H 2009 net profit of $38.1 million.

15.09.2009, 09:36 6 comments

BRIC to call the shots in post-crisis world

The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.

21.10.2009, 02:06 4 comments

Every sixth American lives in poverty

34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.

13.11.2009, 22:38 4 comments

Pembroke: the most broke town in Obama’s home state

There’s broke and then there’s Pembroke (Illinois, that is). Located in the northern county of Kankakee, the township of Pembroke is now suffering a crushing 46% unemployment rate.

United States, New York : The headquarters of the Lehman Brothers investment bank on Sixth Avenue is seen on September 14, 2008 in New York (AFP Photo / Michael Nagle) 15.09.2009, 08:28 3 comments

Black Monday one year on: what’s in sight?

September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.

Photo from socialismdoesntwork.com 05.11.2009, 10:59 3 comments

The billionaire bailout society

The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”.

05.04.2010, 12:45 3 comments

“The US economy will not recover for at least another decade” – Engdahl

American bankers see themselves as the gods of money, a class above mere mortals, and they can do what they wish, said renowned economic researcher and historian William Engdahl in an interview with RT.

29.08.2009, 11:36 2 comments

No economic crisis for India?

After years of tremendous growth, India’s economy is facing a slowdown. Despite that, it is still growing at the second fastest rate in the world, after China.

Sitting on a goldmine

Published: 20 October, 2009, 10:26


Gold prices are hitting record highs and there's no shortage of businesses ready to trade bling for bucks, so if you need to raise some extra cash, it might be high time to raid your jewelry box.

 
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