Global investing guru Marc Faber says that the dip in gold price is a correction and this should be taken as a great buying opportunity. Faber, a gold bug, has been telling investing public that the yellow metal is cheap at $1,100 per ounce and it will be prudent if they buy the yellow metal at this rate or below so that they can reap rich dividends in 2010.
The mega yacht business has been slow since the economy soured, but at least one luxury shipbuilder appears to be betting on a rebound. Belgium-based Emocean Yacht Design is planning an extravagant new mega yacht, which—if built—would be the world's largest vessel of its type. It would also cost in the range of $500 million to $900 million.
Japanese GDP came in at an eye-popping 4.6% annualised rate for the fourth quarter of 2009, but the number could be meaningless. That's because, previously, annualised GDP growth was initially reported as 4.8% for the third quarter of 2009, only to be completely revised down to nothing.