Wednesday, April 2, 2008
If the gold is not at Fort Knox and it is not in the Bank of England, where the hell is it?
The pound is now falling against the dollar as well. Last year the pound peaked against the dollar at around 2.04. According to xe.com the rate is now about 1.97. As the dollar is clearly not gaining in value, this must mean that it is the pound that is falling – and falling significantly faster than the dollar. All this raises a very simple question in my mind – What the hell is going on?