As this is written, gold is near a four month high and silver is trading at its highest level since October. According to a Bloomberg report, investors are rediscovering the comfort of owning precious metals in an atmosphere of disappointing US economic data and the political upheaval in Ukraine.
Meanwhile, in China, growth in real estate prices, so far taken for granted, appears to be leveling off – causing a knee jerk reaction in Chinese stocks which closed the day with losses of 1.75%. A CNBC article quotes a report from Lombard Street Research saying that Chinese monetary authorities may be secretly planning to convert the yuan into a gold-backed international currency – primarily to deliver the...
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