Rather to my surprise (I needed surprising) gold has perked up this morning. I bought more. If the Catalonians today elect to backpedal on independence the final collapse of the Euro (and thus the perfect backdrop for a vertiginous rise of gold) is deferred. Thus some would say that it is premature to buy gold. But the Catalans are only backpedalling for now…
by Nick Sudbury| Funds| 3 mins. to read Pensions administration review: as most readers know the old age pension paid out by the state has a fundamental problem which is that there is a decreasing fund out of which to pay it. Accordingly, HM Government takes the view that since there is no point in leaving citizens to save for their old age (they will not) it is necessary for the state to syphon off the necessary with as little squawking on the part of those affected as possible.
by Victor Hill| Economics| 14 mins. to read The Brexit talks will run into the sand soon. That may be a problem for Britain. But, for Europe, Brexit is only one of many problems. Dangerous October Beware: all the major stock market crashes of the last century have occurred in October.
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