Dubai Offering Gold in Exchange for Weight Loss

Dubai Offering Gold in Exchange for Weight Loss

Dubai, alarmed by the sudden rise in obesity among its citizens, has decided to offer an interesting incentive for its population to slim down — gold.

Obviously not satisfied with the weak efforts of fellow weight-adverse politicians (they laugh at Bloomberg’s “stairs” idea), Dubai is offering a gram of gold for each pound lost by participants. Dubai is synchronizing the 30-day challenge with the fast of Ramadan, to make weight loss easier.

“Ramadan is the most appropriate season to launch such initiatives as it reminds us about many health benefits of reducing weight and encourages us to take strong steps to change our bad lifestyles,” Hussain Nasser Lootah, the manager of the city of Dubai.

The campaign, called Your Weight in Gold, will also award the three highest weight-losers the chance to win a gold coin worth $5,400.

While some employers in the United States give employees gym memberships to keep them skinny (and attractive) and their insurance premiums low, nowhere in the United States has government ever incentivized fitness in such a brazenly free-market way. Paying citizens to get skinnier to avoid health care costs down the line seems like a pretty great idea. And paying in GOLD, no less! Let’s do this, America.

Source: http://gawker.com/dubai-offering-gold-in-exchange-for-weight-loss-858662011

The Week Begins, And Gold Is Spiking

The weekend is over, and markets are whirring to life.

The first big move: Gold is spiking.

Screen Shot 2013 07 21 at 6.33.18 PM

The big event over the weekend was the Japanese election, where the party of Shinzo Abe scored a big victory in the upper house, giving him the flexibility to continue to perform economic reforms.

Source: http://www.businessinsider.com/gold-july-21-2013-7

The Roadmap From A Gold Bottom To A Mania

On the heels of historic movements in key global markets, today 40-year veteran, Robert Fitzwilson, put together another tremendous piece. Fitzwilson, who is founder of The Portola Group, laid out the roadmap from a gold bottom to a coming mania. Below is Fitzwilson’s outstanding and exclusive piece for KWN.

Fitzwilson: On June 27th, in a note to clients and friends of the firm, we suggested that the panic in the metals and mining sectors was so extreme that it had to be a bottom by everything we have experienced and studied in our careers. The chart below suggests that our call was correct, at least based upon what has ensued so far.

The top line is the Amex “Gold Bug’s Index” (HUI) which represents a basket of gold mining companies. The bottom two are for the S&P 500 and gold. The returns in the chart are for the period since our call to the close of trading last week. As you can see the Index nearly tripled the return of gold itself….

“It is also interesting that the Index nearly tripled the return of the S&P 500 Index in that same period. Hardly a trading session goes by without the headline being “The S&P 500 and the Dow Jones Indexes hit new highs”. The reality is that the bulk of the stock market strength that had been so loudly touted occurred during the first quarter of this year.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/21_The_Roadmap_From_A_Gold_Bottom_To_A_Mania.html