Buy gold on the dips

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.

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Coming soon, the world’s largest yacht

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.

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Is Japanese GDP growth a chimera?

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.

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