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Analysis: The gold canary sings a warning tune

If you thought the global financial crisis was a fading memory then you had better think again because last night the “gold canary” was singing loudly in Europe as the price of gold hit an all-time high.

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Perth
Besides increased economic activity and austerity as means to balance the government budget, there is also the prospect of increase taxation (which risks a downward spiral).

Perth City
Gold at $2000 oz is a given, the smart minds are thinking it could end at a multiple of that level, with Europe a band aided basketcase and US debt story even worse. Add in a benign President without a commercial bone in his body???

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