Salient to Investors: Bill O’Neill at Merrill Lynch Wealth Mgmt said: He owns gold for diversification and catastrophe insurance, and expects prices to rise above $2,000 in 2013. Prospects for industrial metals are dim due to a lack of clarity on demand from China, their inventory levels. Global growth will improve slightly next year to 3.2
READ MORE... →Salient to Investors: Tim Worstall at the Adam Smith Institute writes: Jeremy Grantham is horribly mistaken when he talks about drastically reducing the use of phosphorus and potassium in the next 20–40 years else they run out and we begin to starve. Grantham is looking at mine reserves as if
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