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PRECIOUS METALS (US $)
Gold 1348.36-20.34
Silver 21.25-0.44
Platinum 1413.00-23.00
Palladium 690.50-19.30
WORLD MARKETS
DOWJONES 15112-203
NASDAQ 3443-39
NIKKEI 13245238
ASX 484247
CAC 40 3839-21
DAX 8197-32
HUI 246-8
XAU 1030
CURRENCIES (€)
AUS $ 1.4318
CAN $ 1.3653
US $ 1.3289
GBP (£) 0.8583
Sw Fr 1.2338
YEN 128.0650
CURRENCIES ($)
AUS $ 1.0779
CAN $ 1.0272
Euro 0.7525
GBP (£) 0.6460
Sw Fr 0.9282
YEN 96.3750
RATIOS & INDEXES
Gold / Silver63.45
Gold / Oil13.77
Dowjones / Gold11.21
COMMODITIES
Copper 3.14-0.02
WTI Oil 97.94-0.50
Nat. Gas 3.950.05
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Fundamental
More than 24 hours ago
Mish - Global Economic Analysis
Why does fiat money seemingly work ? 
Imagine that you live on a small island mining the local salt mine, together with Pete the fisherman and Tom the apple grower. You'd exchange your salt for Pete's fishes and Tom's apples, while they would exchange fishes and apples between them. One day Pete says: "Instead of fish, from now on I will give you pieces of papyrus with numbers marked on them. (Papyrus grows in near unlimited
Thursday, June 13, 2013

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