Britain can't rescue the world economy

Article Abstract:

British politicians have frequently put forward plans for international monetary reform, but they have rarely received much attention. This will also be the case as UK Prime Minister Tony Blair makes recommendations for reforming the World Bank and the International Monetary Fund (IMF). The UK's influence in international monetary matters comes from the perceived strengths of the country's economic policy, not from plans presented by its politicians. In any case, it is not at all certain whether the World Bank and the IMF actually need reform.

Admin. of general economic programs, World Bank (IBRD), Management, International Monetary Fund, Political aspects, World Bank, International economic relations

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Deflationary times dull gold's allure

Article Abstract:

Plans by the UK government to sell a large part of its gold reserves will quite probably lead to a rally in the price of gold, even if the bear market continues. The gold price is expressed in dollars, and will therefore not change much while the dollar remains strong. However, dollar weakness would be reflected in a gold rally, even if there were not much movement in the price of gold expressed in other currencies. In a climate of deflation, gold will remain an unattractive investment.

United Kingdom, Market information - general, Forecasts, trends, outlooks, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Gold, Foreign Exchange & Reserves Policy, Prices and rates, Forecasts and trends, Gold industry, Precious metal products

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