Word: gold
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Dates: during 2000-2009
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...about which he privately wrote in e-mails to colleagues were "horrible," a "disaster" and a "POS," or piece of s___. Blodget paid $4 million to settle Spitzer's charges. The total civil penalties for Wall Street's research infractions reached $875 million. The conclusion: e-mail evidence was gold. (See the top 10 worst business deals...
...According to the papers, more than $1 million went into the event, including the solid bronze casket with 14-karat gold-plated handles and the party following the ceremony - all of which needed court approval for Michael Jackson's estate to cover the costs. That's a lot of This Is It ticket sales. The papers also show that sisters Janet and LaToya Jackson were owed reimbursements of $49,000 and $2,437, respectively, for fronting immediate funeral costs. As Katherine Jackson's lawyer states in the court papers, while the costs are "significant, they are entirely commensurate with...
What's the outlook for commodities like gold? Risk aversion will continue, and that means continued interest in commodities. Gold will be strong but, interestingly, not because of inflation but because as the dollar gets weaker, people want someplace safe to put their money, and right now they view gold as more stable than the dollar.(Read "How to Know When the Economy Is Turning...
...retirement, are on uncertain ground as well. The global crisis and the stimulatory monetary and fiscal policies that were brought to bear against it have overturned all the verities about long-term investing. Exiting from those policies is not likely to reinstate them. How will equities, bonds, commodities, oil, gold, currencies and other investment vehicles fare in the post-crisis, post-stimulus-spending world? (See how Americans are spending...
...dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...