Thursday, March 13, 2008
Will gold be confiscated again?
Washington is exploring - and now invoking - measures that have not been on the agenda since the Great Depression, and for a good reason. House prices fell 9.1pc last year. Goldman Sachs fears a 25pc fall from peak to trough, others go as far as 40pc. Some 8.8m US homeowners already face negative equity on their houses, yet the crash is still gathering pace.