Gold

[TimberWolf]

Another big day out for gold, new record set etc.

BBC News - Market slide continues as euro debt fears resurface

It also emerged that European banks may have been shifting cash to the US

bs

And closer to home:
BBC News - UK services growth slows sharply, says PMI survey

and increases the possibility that the Bank of England may pump more money into the economy, analysts said.

Massive inflation on the cards for sure?

Feeling a bit exposed without gold.

[Cliphead]

Another big day out for gold, new record set etc.

BBC News - Market slide continues as euro debt fears resurface
bs

And closer to home:
BBC News - UK services growth slows sharply, says PMI survey


Massive inflation on the cards for sure?

Feeling a bit exposed without gold.

I think I'll stick to buying artwork.

[TimberWolf]

Gold's jumping up and down manically, but with an underlying exponentially increasing trend. I wonder what it means?

[DimPrawn]

Gold's jumping up and down manically, but with an underlying exponentially increasing trend. I wonder what it means?

Another EU bailout I suspect. Them poor German sods.

[TimberWolf]

Another EU bailout I suspect. Them poor German sods.

Another annual loan to bankrupt states who don't want to use their own stockpiles of gold as collateral. They aint stupid init.

[AtW]

Another annual loan to bankrupt states who don't want to use their own stockpiles of gold as collateral. They aint stupid init.

Who precisely has got stockpiles of gold enough to be collateral to the kind of bailout figures that floating around?

[Mich the Tester]

Who precisely has got stockpiles of gold enough to be collateral to the kind of bailout figures that floating around?

Italy has quite a lot. About 2,300 tonnes of the stuff.

They're got some valuable paintings as well, as have the Spanish and Portuguese, but they won't sell them.

[DimPrawn]

Who precisely has got stockpiles of gold enough to be collateral to the kind of bailout figures that floating around?

Italy has a lot of gold.

[Mich the Tester]

Italy has a lot of gold.

Britain used to, but not any more. New Labour sold it to 'invest in communities'. Ho hum.

[TimberWolf]

Who precisely has got stockpiles of gold enough to be collateral to the kind of bailout figures that floating around?

Not enough to cover an entire bailout, but enough to make a token gesture and a sign that it might be paid back.

According to this chart, Italy has more gold than China.