The cat is out of the bag, and the message is clear: Gold and silver are headed a good deal higher before this multi-year bull market has run its course.Central banks, hedge funds, and a new generation of gold investors have stepped into the relatively tiny market for gold bullion in a way that speaks to a broad secular shift in attitudes toward the nearly forgotten "barbarous relic."
While you listened to your Aunt Bertha's annual Thanksgiving story about that time she walked to school barefoot through three feet of snow, markets around the world reeled from Dubai World's pronouncement of a six-month moratorium on debt obligations. The shortfall is essentially akin to a sovereign default by Dubai, and it raises the specter of additional sovereign defaults as the global financial crisis continues to rear its head.
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