Global deficit hawks are driving forward with their austerity programs. They don’t get it – private firms, despite having piles of cash, will not let go of the purse strings if we fail to make adequate infrastructure investments.
Oil, natural gas, and alternatives dominate the headlines when it comes to energy. But there's a big and largely-overlooked revolution occurring with the energy source likely to become the most preferred fuel for a world in economic decline: coal.
While it might not look like it now, the most investable trend over the next 20 years is going to be in the resource sector, the renewable and non-renewable resources, the minerals, ores, fossil fuels and biomass.
The gold price hovered just below $1,700 per ounce Tuesday morning in London – over 4% up on its low last week – before easing ahead of US markets open as the US dollar regained some of the ground it lost on Monday.
The human enterprise now consumes nearly 60 billion metric tons of the world's four key resources – minerals, ores, fossil fuels and biomass (plant materials) – per year and developed countries citizens consume an average of 16 tons of those four key resources per capita.
Spot market gold bullion prices rose sharply to $1,797 per ounce Wednesday lunchtime in London - over 3% higher than the same time a week earlier - as the European debt crisis intensified its grip on Italy.
Picking the right infrastructure projects will boost productivity throughout the US economy and massive stimulus packages that focus on creating jobs at home will become very popular with all governments.
The London-based World Gold Council said Friday that it had drafted framework standards against gold that enables, fuels or finances armed conflict. Officials asked interested parties to review the draft and provide feedback by Sept. 1.