While Joe and Njoroge Investor may not yet be on the gold rocket,the uber rich are apportioning a larger part of their wealth to the precious metal. Harrods of London is reported to be enjoying robust sales of its branded gold bullion bars.

'Luxury jeweller Asprey is teaming up with Brad Pitt and Angelina Jolie to launch a new range of gold and other jewellery and accessories.

According to Women's Wear Daily,the couple have designed a collection of items entitled The Protector,with each piece based on a serpentine style.

Rings,pendants,earrings and men's cufflinks form part of the range alongside baby gifts such as eggcups,spoons,photo frames and tooth boxes.

The snake-based design of each piece came about because Jolie received a serpent-shaped ring when pregnant with daughter Shiloh and has considered the snake to be a protective talisman ever since.'

Read more:

http://www.mediacentre.g...ch_gold_jewellery_range/

@ Kangi

Thank you for your kind words.

The Chinese have a saying,'Only when all contribute their firewood can they build a strong fire.'

As part of their efforts to 'build a strong fire',the Chinese had to utilise the ravenous Western consumer in order to ascend the developmental ladder. Her domestic economy consisting of citizens first coming on to the trappings of modern living,was incapable sustaining the output of its factories and vast labour force. The government therefore had to neutralize the effect of a rising Yuan by buying U.S. Treasuries and pegging its value to the U.S. Dollar. This mechanism enabled it to furnish the shelf spaces of the West,attract capital investment and leapfrog nations such as Germany and Britain in economic output.

Now that the Western consumer has curtailed spending in favour of saving,China has allowed the Yuan to appreciate from 8.28 to 6.83 to the Dollar over a 3-year period. In addition,Beijing has adopted a pragmatic approach at diversification by buying and securing mineral resources made cheap by the financial storm.

China has all but ceased purchase of U.S. Agency debt peddled by mortgage originators Fannie Mae and Freddie Mac. It has funnelled these funds into short-term U.S. debt instruments that can be easily rolled over once the inflation genie rears its head and threatens to devalue the value of its Treasury holdings.

Before the crisis,the market had been keenly monitoring the purchases of U.S. Treasuries by foreigners. A deceleration and outright halt would have been a death knell to the bond market and the Dollar. All that changed with the Federal Reserve's measures to prop up financial institutions and the economy by enveloping itself with $12.8 trillion of bailouts and guarantees. The rules of the game have shifted as the market is watching for a breakdown of the U.S. bond market.

The Yuan is a dictate of the Chinese authorities. They will allow it to appreciate slowly to fend off global inflation from the Western world. Meanwhile,the Dollar is trotting towards the cliff edge. A disorderly descent beckons. Hear the song of the canary in the coalmine – gold.

If you have additional questions,please ask.

@kk ...india 200tonnes!! Mauritius best of africa 'only' two tonnes....BTW How many tonnes does CBK hold? we must be having some left over from goldenberg atleast.....How would one joe go about buying gold in kenya?....Much appreciated

From this change good will come

Green shoots in Zimbabwe from Alf Field who in 2008 set out the price milestones on gold's bull market. Well worth a read.

'In February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate.

It is now a country without a functioning Central Bank and without a local currency that can be produced at will at the behest of politicians. Since February 2009 there has been no lender of last resort in Zimbabwe,causing banks to be ultra cautious in their lending policies. The US Dollar is the de facto currency in use although the Euro,GB Pound and South African Rand are accepted in local transactions...'

Read more:

http://www.321gold.com/e...s/field/field111109.html

The late Hyman Minsky,Ph.D.,was a famous economist who taught for Washington University’s Economics department for more than 25 years prior to his death in 1996. He studied recurring instability of markets and developed the idea that there are seven stages in any economic bubble:

Read more:

http://www.jiltin.com/in...99s-seven-bubble-stages/