Gold has been hit hard by a strengthening US economy.
On 2 December 2013, Gold stood at $1,218 a troy ounce.
Jim O’Neill, former chairman of Goldman Sachs Asset Management, thinks that the world economy will grow at a faster rate in the next decade than it did in the last one.
Stephanie Flanders, chief European market strategist at J P Morgan, thinks that the UK will be the fastest-growing country in Europe for at least the next five years.
"The breakdown of the latest growth figures showed that business investment - critical for rebuilding a new-style, more productive economy - is down by more than 6% year on year; exports are all but flat, despite the 20% fall in the value of the pound since the crisis; and manufacturing output remains 9% below where it was in 2008..."
Is Britain's economy really on the path to prosperity? - The Guardian
Martin Wolf, chief economic commentator at the Financial Times, thinks that the eurozone will break up, as the result of serious depressions in countries such as Spain and Italy.
Hélène Rey, Professor of economics at the London Business School, reminds us of the Asian crisis of 1997.
"Historians call Uruguay Latin America's 'first welfare state.'
"An IMF staff report in January 2011 noted that 'Uruguay’s economy is booming,' that 'unemployment is at record lows,' and that some sectors were even experiencing 'labor shortages.'
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