Word: foreigners
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Dates: during 2000-2009
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Gold, then, can be considered a currency, unique in that it is not directly tied to any country's economy. With a global recession that is bound to continue to shake up the purchasing power of all foreign currencies, gold is safer from political and economic instability than cash...
...time to put all your money into gold? That depends on your appetite for risk. The sheer amount of speculation in gold and uncertainty in the foreign-exchange market will keep gold prices as volatile and unpredictable (i.e., risky) as ever. Like any financial market, the gold market is susceptible to manipulation...
China has picked a strange time to lay down a marker in defense of economic nationalism - and an even stranger industry in which to do it. Amid a global recession, with Beijing's state-owned companies fanning out across the globe trying to invest in or buy foreign producers of minerals, precious metals, oil and gas, China's Ministry of Commerce on March 18 formally blocked what would have been the largest acquisition by a foreign company in China, a $2.4 billion deal...
...deal was widely seen as the first big test of an antitrust law that Beijing enacted last August. In the eyes of foreign investors, that test is now officially a failure. Together, Coke and Huiyuan's combined share of the orange-juice market - itself just a sliver of the overall nonalcoholic-beverage market - would have been around 20%. The segment Huiyuan dominates - undiluted OJ - is for pricier products and is relatively small. Coca-Cola's Minute Maid brand plays in the less expensive, larger segment of the market. (Read a TIME story on Coke...
...China's new antitrust law contains provisions allowing the government to protect national brands. And it's true that Beijing is hardly the first government to kill a foreign acquisition for political reasons, even in defense of less-than-strategic industries. The French rescued yogurt company Danone from the clutches of PepsiCo a few years ago. But Beijing didn't justify its decision on "national economic development" grounds, the part of the law that allows protection of popular brands. It cited the need to protect consumers, an unconvincing reason to some legal experts...