Sunday, October 12, 2008

Gold rush? Is this what we call a full circle?



(72 years ago)

[gold.jpg]
Let's compare 1932 and 2008. (people say history can repeat itself)


February 28, 1932, Sunday
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GOLD-SELLING FEVER GRIPS THE BRITISH



People In Rush to Exchange Coins, Jewerly and Heirlooms for Paper Pounds. FEAR OF DEFLATION IS GONE Movement Promptedby Business and Patriotism Extends to Ireland and India. HOARDED MONEY IS DUG UP If Rush Is Continued, Government Should Find It Easier to Pay, Franco-American Credits.


By FERDINAND KUHN Jr.Wireless to THE NEW YORK TIMES.

Section: WEEK END CABLES EDUCATION WATCH TOWER LETTERS TO EDITOR, Page E3, 1030 words

LONDON, Feb. 26 -- The British people are in the grip of a treasurehunt that is less heroics but no less astonishing than the great gold rush of the Forty-niners. [ END OF FIRST PARAGRAPH ]

(
Today)


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October 12, 2008, Sunday
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MARKET TURMOIL SPARKS GOLD RUSH TO SPECIALIST FUNDS



Turmoil in the financial markets has created a “flight to safety” mentality among investors, who are pouring cash into low-risk assets such as gold.

Financial vehicles called Exchange Traded Funds (ETFs), which allow individuals to buy a stake in a gold bar without holding the metal itself, have received unprecedented flows of new money.

[VIEW FULL STORY]


The big question is which way is the circle spinning.
If you look long enough at this animation cycle, you may see it change direction....
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http://www.news.com.au/perthnow/story/0,21598,22492511-5005375,00.html


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