I'm not sure if this is a good or bad thing, considering how awful the economists who run central banks were at selling their positions for most of the past 10+ years or so.  Having said that, central banks will provide a leg underneath the gold market for at least the intermediate term.  From the FT.

I have updated the investment book log.  These are the official recommended books of Running of the Bulls, a highly coveted distinction in the world of business publishing,** sorted by general category.

Accounting

Financial Shenanigans

From Real Time Economics

“I don’t fully understand movements in the gold price,” Mr. Bernanke admitted.

Awesome.

I have had several conversations with investment professionals over the past few days regarding gold.  I have been asked by people in the investment business what they should do with their money, given the low prospective returns for most asset classes.  I ask them if they are invested in the pretty much the only bull market going, gold?  The response?  Skepticism.  All but one said "No." They don't get it, they tell me.  I tell them that it is much easier to make money in a bull market than in a bear market, but no dice.  They have no interest.

From FT Alphaville.

HT Mark Thoma

First, full disclosure.  I am talking my book.  I own a lot of gold.  Since I have a large position, I am biased.  Always consider the position of the proponent when assessing the validity of the argument, me included.

As regular readers of Running of the Bulls know, I'm pretty lazy.  That's why I am just now getting around to posting on a report published by the Certified General Accountants Association of Canada (CGA) a few weeks ago on Canadian household debt entitled Where Is the Money Now: The State of Canadian Household Debt as Conditions for Economic Emerge.  And that debt is growi

At least in some cities.

From The Financial Times.