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Archive for the ‘Jim Slater’ Category

Gold still in the ascendant

Back from a break of two weeks to find that gold continues its inexorable ascent, briefly breaking the $1400 an ounce mark for the first time. It is interesting that the barbarous relic is finally becoming a subject of serious debate in mainstream institutional circles, as evidenced by the fierce debate that has greeted the President of the World Bank’s entirely sensible comment that gold should be among the indicators of inflationary expectations that are monitored by central banks.

On Saturday the Financial Times, the illustrious paper for which I write, carried a measured full page feature on the causes of the revival in interest in gold’s place in financial markets. This perhaps may have been prompted by the lively (and mostly critical) correspondence that its consistent anti-gold editorial stance over the years has engendered. To judge by the ferocity with which some mainstream economists have reacted to the President of the World Bank’s modest proposal, you would think that he had been advocating a full-blown return to the gold standard.

Jim Slater, who co-founded Agrifirma Brazil, the farmland venture in which I am also a founding shareholder, ┬áhas written a ┬álively defence of gold as an investment on his website. Here is an extract: Read the rest of this entry »

Written by Jonathan Davis

November 15, 2010 at 1:10 PM