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The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]
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The Daily Reckoning “Gold is rising because the post-Breton Woods exchange rate system doesn’t work,” Eric Roseman, our colleague over at the Commodity Trend Alert, matter-of-factly declares. “More than ever, governments are piling up debts, as a result of bailing-out their respective banking systems. There is a price to pay for this profligate spending. And [...]
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John Paulson Piles into Gold; George Soros Sells Petrobras and Potash
Trader Mark submits: Now that SEC filings for 1st quarter 2009 have come in, the following is a very quick look at some moves from the hottest hedge fund manager over the past 3 years, John Paulson and venerable George Soros. Paulson continues to grow his gold stash as he views inflation rather than deflation [...]
