Word: gold
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...According to the papers, more than $1 million went into the event, including the solid bronze casket with 14-karat gold-plated handles and the party following the ceremony - all of which needed court approval for Michael Jackson's estate to cover the costs. That's a lot of This Is It ticket sales. The papers also show that sisters Janet and LaToya Jackson were owed reimbursements of $49,000 and $2,437, respectively, for fronting immediate funeral costs. As Katherine Jackson's lawyer states in the court papers, while the costs are "significant, they are entirely commensurate with...
...retirement, are on uncertain ground as well. The global crisis and the stimulatory monetary and fiscal policies that were brought to bear against it have overturned all the verities about long-term investing. Exiting from those policies is not likely to reinstate them. How will equities, bonds, commodities, oil, gold, currencies and other investment vehicles fare in the post-crisis, post-stimulus-spending world? (See how Americans are spending...
...dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
...dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second...
...Goats” might just have easily been titled, “I’m An Oscar-Nominated Actor—Get Me Out Of Here!” Clocking in at a merciful 93 minutes, the film features George Clooney desperately attempting to spin screenplay straw into gold as Lyn Cassady, retired psychic operative of the United States’ “New Earth Army,” a division of the military trained to harness the power of the mind in combat. Ewan McGregor—whose role in “Revenge of the Sith...