Finance Manila - Philippines, business, tech, travel, life in the metro

"All that is gold does not glitter; not all those that wander are lost."
- J. R. R. Tolkien

Here's another unfinished project of mine that I'd like to share with the FM audience.

Although stock markets have opened this year on a somber note, not all investors are completely negative and anxious about recent market developments. Although we have had quite a bull run in local and US equities since 2002, more recently commodities markets have taken center-stage, notably: Oil and Gold, whose prices have continued to advance in the face of declining equity markets especially after the sub-prime crash last August 2007. Gold, in particular, continues to be viewed as a store of value, despite the abandonment of the gold standard in the 1930s and is used as a hedge against the inflationary effect of fiat currency systems.  Read more... (956 words, 13 images, estimated 3:49 mins reading time)