. >> since ancient times, gold has had special cigna begins in society. it was a valuable and highly saw after precious metal. it was used to make the jewelry, ornaments, and coins. old standards have been the most common basis for monetary policy throughout history. we have paper currency, gold has not lost its attraction. many countries still hold a huge gold reserves to help underpin the currency. in times of economic turmoil, investors say the precious metal as a safe haven. india is the biggest consumer of gold. >> brides in india are often decked out in gold jewelry. if their families can afford it. it is not only beautiful, it is considered a secure assets. a woman's wealth remains within her grass. -- grasp. investors and speculators around the world have been turning to gold as a safe alternative to stocks and bonds. financial crises and debt crises have made many very nervous. strong demand has caused the price of gold to soar. it is almost triple since the global crisis began. in recent weeks, the price of announced reached close to $200 -- $2,

between cca, cigna, going in not that far, connected by 16th street. you have obviously mission bay and ucsf and their new hospital that is going on in. there is this tremendous need for housing that is coming in to the area. and we often deny yet -- do not yet have a situation where jobs and housing starts to come together at the same time. hopefully if this goes forward, we will have it in this case. i did not mention -- with their 6000 employees boosting possibly up to 8000 and trying to house them. we have heard recommendations from the two major neighborhood groups in the area plus the business community group in the area. i think has been very well -- it has been well vetted. the architectural details, buildings and sidewalks, still in conjunction with conferencing with the department. that standard -- that is standard for anything we do, especially on large projects. as to the exceptions, every once in awhile we get something of size that comes to us without any variances or exception but very rarely. the largest project, the larger the project,

so i complained so good of your viewers of the program cigna economist at euro pacific capital is you order a veil tomorrow of course thank you thank you. well europe's top markets also in the red the footsie in london closing down three percent a brief rally after the european central bank said it was started by a spanish and italian government bonds to restore confidence prove to be very short lived up you don't have bushels been following the situation from brussels. greece is in big trouble it's full and so full team year low because if the euro falls as increasing numbers here believe it could do greece will be first in the firing line if it is no fun to be an investor any more an investor faces must be read like the markets that down everywhere and what's being dubbed black monday spain's become the latest states pledge that it will change the reform and will get its house in order is that it will slash billions more of public spending but that doesn't help the mood in the european central bank by that it will buy up spanish and italian debt something that the hormones to buy at

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it has played a cigna began a role. i was delighted to have this opportunity to talk about it. it is led the most important crossroads in american history. i am going to say some things that are very bold. i would like to get across especially to the washington elites that boldness is sometimes exactly what we need. it is not pie in the sky. i have lived through two cycles. the economy was crashing. we rationalize gasoline. jimmy carter was giving a speech. we have 13% inflation, a 22% interest rates. the soviet union was an offense. ronald reagan came along. the city thought he was hopelessly idealistic. it was impossible to do what he did. 10 years later, the soviet union disappeared. i participated now as a junior member of congress. i turned around and 1994. no one in the press corps thought they could secedes. we went out and campaigned the largest one county increase since a 1994. the congress they can gain is 26 seats. we gained 54. the city cannot balance the budget. the within three years, it's a balance for four consecutive years. people said you cannot reform entitle