Washington Post, September 18, 2008 on page D1,D4:
The price of gold soared more than 8% yesterday, the biggest one-day jumps in eight years, as investors looked for a safe place to park their money during the spreading financial crisis. I would be in a position to concur with their actions.
The price of gold is likely to continue rising in the coming months. In addition to increasd demand from investors and a shrinking supply, there is strong demand in rapidly growning economies such as China. Such is the basic supply/demand concept.
Page A21: Henry Kissinger, former Secretary of State and Martin Feldstein, former Chairman of Economic Advisers published an article: "The Power of Oil Consumers." - "Rather than wait passively for the next blow to fall, the major consuming nations - the Group of Seven, together with China,India and Brazil - should establish a coordinating group to shift the long-term trends of supply and demand in their favor and to end the blackmail of the strong by the weak.
Here we see international economics in action including the role of China in Sino-American Economics.
Francis Shieh a.k.a. Xie Shihao. Sept. 18, 2008 at 11.25 a.m.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment