Word: recessional
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
But why? At such high prices, gold ceases to have much practical use. There is no theoretical rationale why anyone should even want to invest in it. Gold has value only because we believe it is valuable. It is a collective hallucination. (Read "What Sells in a Recession: Canned Goods...
The supply of gold is also a factor in pricing. Many investors holding gold reserves have faced losses in their other assets, which would have led them to sell their gold. Ordinary people, too, have motive to sell their gold jewelry during a recession, which should increase the supply of...
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.
The financial and car industries have effectively ganged up on the government. They would seem to be weak because of their remarkable failures and reliance on outside help to keep them alive. The opposite is true. By being terribly crippled, they are sucking all of the money out of the...
See which businesses are bucking the recession.