[e-gold-list] Markets go red as contagion spreads

[Paul Davis]

http://business.guardian.co.uk/useconomy/story/0,,2145843,00.html?gusrc=rss&
feed=networkfront

"Central bankers are concerned about a squeeze on the amount of cash in the
financial system. This is because when investors are worried about risky
markets, they want to hold high proportions of cash."

To each his own, I guess.  My preference when confronted with "risky
markets" would be to own gold or silver, which can't be manufactured out of
thin air -- as the central banks are apparently doing here.  Oddly, though,
silver is way down compared to gold, and gold seems to be running in
lock-step with the equity markets for some reason I totally don't
understand.


Paul Davis	



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