By Hard Assets Investor:
By Sumit Roy
It was a year of many records for the gold market. No, gold prices didn't reach an absolute record high in 2012 as some had forecast, but it was still a year of many records for the gold market, according to the World Gold Council's latest Demand Trends report. In fact, gold prices averaged $1,722 during the last three months of the year, the WGC said. That's a record quarterly price.
Mark J. Perry submits: Today's disappointing BLS employment report reflects a fairly weak job market and a continuation of the "jobless recovery" that will likely continue well into 2011, maybe even into 2012.
By Mark J. Perry: The total volume of U.S. international trade activity (exports + imports) reached an all-time record high in September (not adjusted for inflation, BEA report here) of $404 billion, slightly higher than the previous record of $401 billion in July 2011 (see top chart above). Compared to the recession-related, cyclical low of $277 billion of
It's tax time, and most Americans are trying to figure how much they owe the IRS. Still, many corporations and wealthy individuals have already prepared for the big day by assiduously spending money in deliberate ways to minimize their tax liability. The result is billions in lost revenue for the government every year.