During this global economic storm, even foreign countries have offered few safe harbors.Conventional wisdom says that when U.S. markets struggle, investors can look to emerging countries for more robust growth, said Charlie McChesney, 72, of Mars. But as the member of a Pittsburgh-based investment club, he has not seen that play out over the most recent economic slump.”That’s one of the very    .. more …

With the US Federal Reserve having pledged two years of near-zero interest rates, the rally in gold prices is not likely to show any signs of slowing. Gold crossed the $1800 per ounce mark last week, having almost tripled from its 2008 lows of $680 per ounce.The hike in the price of gold is also linked to several causes including the increase in demand for gold by countries like China and India    .. more …

Citizens’ CPF money “safe”, says MOF By Rachel Kelly Posted: 14 August 2011 1659 hrs SINGAPORE: The Ministry of Finance said Central Provident Fund (CPF) money of citizens is safe, and that it has the full backing of the government.The ministry was responding to concerns expressed by the public over CPF monies, which are usually invested in bonds guaranteed by the Singapore government. The    .. more …