Thursday, June 18, 2009

Germans taste machines with Midas touch

Long attracted to the safety of solid gold, Germans will soon be able to sate their appetite for the yellow metal as easily as buying a chocolate bar after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country.

Continued @
http://www.ft.com/cms/s/0/51f1e17a-5ab7-11de-8c14-00144feabdc0.html

Thursday, June 4, 2009

Oil and the Quantity of Money

While oil remains a finite and, in fact, declining resource, the money supply is limited only by the whims of central bankers. The price of oil has a compelling relationship with the supply of money.