The Phaserl


China’s MASTER PLAN – Gold

from Malaysia Chronicle:

Query: How much gold does it take to get international prestige while not ticking off the powers that be?

1,658 tons, apparently. At least officially…

But before we explain further, a look at the yellow metal. Gold’s down $11, at $1,132, near its November 2009 lows. Inflation numbers, as measured by CPI, printed this morning and met surveyed economists’ expectations. Maybe that’s why.

It could also be because of the gravitas Janet Yellen’s showed yesterday while telling Congress rates would increase this year. Or it could be something entirely else…

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