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Silver Tongued?
A Combination of Investor Demand and Industrial Uptake Will Cause Silver to Outperform Gold This Year
Quote by: Ani Markova (Co-manager of Smith & Williamson Global Gold and Resources Fund)
Quote made on: 21/03/2012
Quote Submitted by: Francis Mattison
Source: FE Trustnet News and Research
Editor's Notes
Opining that, “silver was quite volatile in 2011, but we are now optimistic it will go through a period of consolidation”, Ms. Markova lucidly went on to make a strong case for the out-performance of silver over gold in the short-term.
Back in March this year, the price of silver stood at $32.14, whilst that of gold was $1,652.
At the time of writing, silver has slumped to $26.96 per ounce (down a whopping 16.12%), whilst gold has fallen somewhat less to $1575.30 (down 4.64%).
Could have gone either way, I guess.
(2 votes, average: 5.50 out of 10)
Loading ...Published on: July 26, 2012
Growth and Enterprise
…so that growth and enterprise are not stifled
Quote by: Vince Cable
Quote made on: 2006
Quote Submitted by: Financial Foot in Mouth
Source: Association of Foreign Bankers` spring luncheon
Editor's Notes
Vince Cable, commenting on Letwin`s proposals, said he also favoured light-touch regulation for markets, “…so that growth and enterprise are not stifled”. He returned to this theme in 2006, in a speech to the Association of Foreign Bankers` spring luncheon, warning of the dangers of excessive regulation of the City and favouring “a lighter touch”.
” Vince`s coalition colleague, Mark Hoban, does not appear to be so concerned about the perils of excessive regulation. In fact, addressing Parliament on 12 December 2011, he blamed the light touch approach of the previous government and spoke of the `gross failures’ of the regulatory regime.”
(3 votes, average: 6.00 out of 10)
Loading ...Published on: July 8, 2012
Rein Back the Financial Services Authority
Intrusive regulatory regime, (opining that the FSA was) increasingly a tool of the Treasury
Quote by: Oliver Letwin
Quote made on: July 2004
Quote Submitted by: Financial Foot in Mouth
Source: The Sunday Times
Editor's Notes
In July 2004, Oliver Letwin stated that an incoming Conservative government would abolish or rein back the Financial Services Authority (FSA) because of its “Intrusive regulatory regime”, opining that the FSA was, “increasingly a tool of the Treasury” which threatened to squeeze the life out of the City by over-regulating it.
It is interesting that, only a few short years later, light touch regulation is being seen as one of the primary reasons for our current economic woes. Indeed, the long-awaited report into the failure of the Royal Bank of Scotland was published in December 2011 and, principal among its causes, were `light touch regulation and a catalogue of financial errors’ (Daily Mail). Populist statements, either in government or opposition often come back to haunt politicians.
(3 votes, average: 6.33 out of 10)
Loading ...Published on: July 8, 2012
