A Ferrari Sold for $38,000,000… What?

Published by Philippe Herlin | Aug 21, 2014

In Pebble Beach, California, during The Quails “Concours d’Élégance”, a 1962 Ferrari 250 GTO was sold at auction by Bonhams for $38 million, which constitutes an all-time record for a collector’s automobile. What to think of this exorbitant amount?

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Is the Euro Zone Headed for a Recession?

Published by Philippe Herlin | Aug 14, 2014

The United States has just announced a 4% (annualised) growth for the second quarter, following a disastrous first quarter showing (finally revised, for the third time, at -2.1% instead of -2.9%). Though this sounds like good news, we should wait for the official revision of this 4% number that look...

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WEEK IN REVIEW: August 4-10

Published by Goldbroker ™ | Aug 9, 2014

Gold in the Starting Blocks, Dow/Gold Ratio Trend Change, Sowing the Seeds of the Next Depression, Cold War 2.0 Is a Financial War, Financial Times Repudiates Explanation for Removal of Gold Manipulation Report, Central Banks Continuing to Boost Gold Reserves

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