Wednesday, June 17, 2009

It's Gold, Jerry


This silly bit of news brought to you by the Financial Times:


"Long attracted to the safety of solid gold, Germans will soon be able to sate their appetite for the yellow metal as easily as buying a chocolate bar after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country."

Could this really be a good idea? If it is, why confine the machines to airports and train stations? How about putting them in banks?

Lots of tough questions.


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Best Buy reported an inline quarter yesterday (light revenues, better margins) which is fine in this environment but opted not to give guidance for the rest of the year. I found that a little strange and investors hated it, sending the stock down 7+%.


The correction continues.

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