No Dutch Disease In Greenland
Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
Greenland is located in the North Atlantic Ocean adjacent to the Canadian arctic archipelago. About 80 per cent of Greenland is ice cap that can be up to 3kms thick. Approximately one-twentieth of the world’s ice and one-quarter of the earth’s surface ice is found in Greenland – the ice-free zone around the ice cap is up to 300 kms wide and covers an area of 410,000 km² (area of Germany is 357,000 km).
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Precious metals expert David Morgan talks about gold and silver investing. silver-investor.com
SAN FRANCISCO (MarketWatch) — Some confidence is returning to the gold market.
Gold futures /quotes/zigman/4331913 GCG3 -0.97% erased their year-to-date losses Thursday after a 1.4% rally to $1,678 an ounce on the Comex division of the New York Mercantile Exchange, driven by data implying strength in China’s economy and a sharply weaker U.S. dollar. See: Gold ends 1.4% higher on China exports, weak dollar.
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Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last. We have noted a number of times that these divides are growing and warned of the social tension this could create and, as Bloomberg notes, it does not appear to be getting any better, Generation Y professionals entering the workforce are finding careers that once were gateways to high pay and upwardly mobile lives turning into detours and dead ends. “This generation will be permanently depressed and will be on a lower path of income for probably all of their life – and at least the next 10 years,” as middle-income jobs are disappearing. A 2009 law school graduate sums it up rather succinctly: “I had a lot of faith in the system, the mythology that if you work really hard you can achieve anything, and the stock market always goes up. It was pretty naïve on my part.”
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Ross Clark & David Smith EXCLUSIVE INTERVIEW
David Smith is an accomplished writer and precious metals’ analyst, is a regular contributor to David Morgan’s The Morgan Report. It is his belief that investors willing to commit the time, effort, and investible risk-taking funds to these markets have the opportunity of creating (and hopefully keeping!) life-changing wealth.