Thursday, 22 July 2010

One hell of a clever investor - Antonio Salazar

Bloomberg has calculated that, relative to the size of the economy, Portugal has the largest quantity of gold of any country. Apparently, this is the fruit of dictator Antonio Salazar stockpiling the stuff, received in no small part in exchange for things like tungsten (very useful for making armor-piercing tank rounds - I wonder where they used those between 1939 and 1945?). How you go from that to a headline like "Gold Makes Dead Portuguese Dictator Top Investor - Bloomberg" I will never know. Well, it's summer, and I suppose it beats Nessie...

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