"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, March 31, 2006

Oil, Gold, Copper at record highs today

Vital Trivia points out that US dollar price of West Texas Intermediate if expressed in UK pounds eg $65.72 and 1.73515 dollars to the pound results in a value of £37.88 a barrel. Probably the highest ever and a rise in the Pounds Sterling price of 44%. This has gone unremarked in the MSM.

Meanwhile Gold reached a 25-year high of $579 an ounce today. Base metals prices remained firm on the back of a new high for copper which reached $5,370 a tonne.

at 3/31/2006 03:31:00 pm

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