02.10.2008 - Why investors are piling into precious metals
From NDTV: Markets have received a new life via additional liquidity poured by central banks worldwide in recent past. European Central Bank, Bank of England, United States` Federal Reserve and other major central banks are fighting tooth and nail with current financial fiasco. Markets have been rocked by news of problems in banks and funds exposed to risky investments in U.S. mortgage and asset-backed markets, provoking fears of a choking-off of the cheap credit that has been fueling global growth. Asian markets are not water proof i.e. sooner or later they are going to yield all gains of last year. The major central banks are creating a financial rescue blueprint for the anticipatory money market turmoil...... Full Article: Source
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