Philip Manduca, Gold Heading Above $2000 By 2011?

Philip Manduca, head of investment at ECU Group, speaks to CNBC about the "stress tests" for banks, the bear market rally and gold. He foresees inflation, currency devaluation and a second wave of massive deleveraging on the horizon, and is therefore very bullish on gold.


"You will, in my opinion, see gold well above $1500 before the end of next year, based on risks of inflation, because it's the only way we're going to get out of the debt problem; [you will also see] currency debasement and devaluation, because it's the only way we're going to get out of the debt problem, and of course [you will see] the potential for a massive debt bust", he said.

Robert Kiyosaki assets vs liabilities

Robert Kiyosaki :"...An asset is something that puts money in my pocket. A liability is something that
takes money out of my pocket. That’s really all you need to know. If you want to be rich
or get out of the rat race, simply spend your life buying assets. If you want to be poor or
middle class, spend your life buying liabilities...."

Gold Made Cars bump along ruined Russian roads

When it comes to navigating the world's capitals, Moscow is the city most likely to drive motorists up the wall. Its aging roads are considered to be some of the worst in Europe, yet construction costs ten times more than it does in Germany. For some hard-done drivers, the only way to cheer themselves up is to spend a wad on their wheels, as Oksana Boyko explains.