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Saturday, September 22, 2012

Spell-checker Follies, UK Edition

Today's example, courtesy of Helia Ebrahimi of The Telegraph, in her article "QE3 will not fix America's problems, warns Paul Volcker" :
Mr Volcker, who has been a pivotal force in post-crisis regulation – as well as the architect behind the “Volcker Rule” that bares his name – addressed the Institute of Chartered Accountants in Scotland conference about how to revive the economic fortunes of the western world.
Unless Ms. Ebrahimi intended some irony here, she surely meant to write 'bears his name'.

Friday, September 21, 2012

Worried that Helicopter Ben Will Snatch U.S. Gold ?

Or more precisely, that the Federal Government will confiscate it, as it did once before, during FDR's presidency ?

You're not alone. So does fabled investor Marc Faber.

What to do ? In his SEEKING ALPHA post, Jared Cummans suggests,  among other things,  purchasing offshore physical gold ETF's such as Physical Swiss Gold Shares (SGOL) and Physical Asian Gold Shares (AGOL).