The value of Gold
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Gold is plunging in price, to almost industry crisis levels (see here) At the height of the crisios, with quantitative easing in the States Gold shot up, both as a safety measure but also through natural inflation. Germany is repatriating its physical gold (or much of it, see here) Of course, such movements create rumours and tensions (see here) that governments are hedging againt currency chaos. Even without currency convertability, there is a lot more paper value (apparently) of gold than physical gold (see here) and the suggestion is that there is considerable manipulation of the market going on. In China commodities shadow banking is big (See here). This is a fine example of the physical world disappearing into the smoke and mirros of capitalist marketing, which may also indivcate tectonic troubles coming all our ways in future.
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