Gold fever fades as $4 billion erased from funds

Gold fever fades as $4 billion erased from funds

The strengthening dollar and record valuations for global equities are diminishing bullion’s appeal as a store of wealth. As the combined market capitalization of stocks thundered through $67 trillion last week and the dollar traded at its highest level in at least a decade, this month’s losses in exchange-traded products backed by gold reached $4 billion.

Google is now spending more than Intel

Google is now spending more than Intel

In the future, the Googles and Microsofts will be among the biggest spenders, not the smallest. And together with Apple and Amazon, they will use such enormous spending to replace the very foundations of modern technology, pushing aside not only Intel, but also old-school computer makers such as Dell, HP, EMC, and others.