Aborrower

2 Comments

Wachovia Halts Wholesale Mortgages; Bank of America Won't Guarantee Countryside Debt [view article]
Wachovia may not have been supporting the credit brokers as they may have been doing business in areas outside the bank's footprint. Wachovia, in general, appears to want to stop providing credit to non-depositors. If they are making money off you in deposits, they'll be willing to make more money off you in extending credits. Jul 22 08:39 AM
Why Gold is Likely to Keep Moving Higher [view article]
thauthor wrote: "Above ground stocks of gold held for investment in the aggregate now rival that of central banks -- 25,800 tonnes held by private investors and 28,500 tonnes held by the official sector."

With miners producing ~2,500 tonnes per year that means there is a 20-year supply of Gold overhanging the market. At what price point will private investors begin to make their 10-year supply of Gold available? Ditto, the official sector?
Apr 11 02:47 PM

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