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There are a number of myths about Chinese wine drinkers. The first is that they do not buy victories for investment, but they buy to drink.

"The Chinese certainly derive many corks, but generally the older vintages." They are not young wine to drink and commit 'infanticide,' "says Serena Sutcliffe, head of the wine in the world at Sotheby's." Ms Sutcliffe described the wine sales in Hong Kong as "extraordinary."

She adds: "the Chinese market is certainly have an impact at the upper end.

The question of the future value of these wines is determined by supply and demand.

"The problem with fine wines, unlike stocks and shares, is that once that he left the castles and is sold, it is very difficult to follow, says James Fletcher, Albany, advising on investments in the wine portfolio management."

"Much of this wine is drunk in China, but how much is actually drunk and how is registered is still unknown.

There are approximately 800,000 millionaires in China and about 100,000 cases of the right things is produced each year. Provision of Lafite cannot be increased due to 1855 appellation laws - and demand is increasing rapidly, it is clear that prices will rise.

David Elswood, Director international wine for Europe, Christie also believe that the Chinese are becoming more interested in wine as an investment. "Typical Chinese buyer is considered to be a drinker, but there are as many speculators."

It supports warning on the prospects for the future. "There could be a bubble brewing wine in China, but many people hope in addition will be swell", explains Mr. Elswood.

"Than a similar thing spent 20 years in fine arts at the Japan but there are simply not sustainable," he said. "It was a whim". We have the same situation with China. ?

The issue of tax has made in Hong Kong the center of the World wine - and desire new millionaires of China to experience the best of the fine is likely to inflate the bubble more. Although the person is called a collapse in the market, it nevertheless remains clear that the rate of price increases in recent years are not sustainable in the long term.

January 22, next month, Lord Lloyd-Webber provides for the sale of a portion of its collection of wine at Sotheby's in Hong Kong. Sell 747 lots of Bordeaux and Burgundy, assessed as HK$ 32 m (￡ 2 7 m). Literature says that "" with the collection of all the instinct of pie gets top and there comes a time when there is no more space on the walls or in the cellar. ""

However, as a "committed and knowledgeable collector of art and wine," the Lord Lloyd-Webber could be having a portion of its prudent business acumen and out before the balloon inflates too far.

Price of gasoline hit two-year high

Natural gas prices UK increased week last a maximum of two fresh years as demand soared. Prices for immediate delivery increased 2% p 65.5 by therm, the highest level since February 2009.

Power the half of the countries run on gas, so prices have also been creeping up. The amount of gas to the United Kingdom holds storage is now 30pc lower at this time last year. However, Britain is not likely to run out of gas import infrastructure improved e_SEmD.

The price of natural gas increased more by 25pc in Britain this year. However, in the world, there is excess supply is likely to cause price drop next year.

Speculative buy cocoa

Unrest in C?te d'Ivoire supported the price of cocoa. Data last week showed strong speculative purchasing New York cocoa, reversing a month predatory. However, just below of $2,000 per tonne, price is always well below the 33 year high of $2,700 in July, when hedge funds Armajaro Holdings on the ropes on the market.

C?te d'Ivoire produces around 40pc of supply of the planet, but there was a stalemate between the two political parties both claiming to have won the election on 28 November.

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Traders contend that existing physical FNB success, including gold, convert to other metals photo: Alamy

Several metal traders and experts have written for the city saying that licensing watchdog-the so-called physically backed exchanged currency funds (ETFs), which banks including Goldman Sachs, JP Morgan and Deutsche Bank have said they plan to launch soon, may be "to approve the financial bubble next".the traders concerns are based on ETFs model will require investments backed by physical metal such as copper, lead, aluminum and nickel rather than paper assets offered by contract term.

They argue that the existing physical success of ETFs, including gold, convert to other metals. Metal experts warn that investors will face expensive shipping, storage and disposal costs which are likely to take lion's share of the investment gains.

They say also that ETFs could distort markets everywhere in the Daily Telegraph said trader monde.Un: "metals as copper is intense demand."By purchasing contract term, investors have never affected, physics cost or the supply of copper.But allowing investors to accumulate physical supplies is equivalent to allow investors to sit on wheat warehouse while Tesco is far from bread.?

It is estimated that if copper provided funds are fully supported that they seek to purchase more than half of total stocks Morgan LME.JP warehouses and Goldman Sachs refused commenter.Un spokesman for Deutsche Bank stated that ETFs had "not yet launched."Another source close to one of the banks said: "these fears are exagérées.Les markets of metal have strict rules in place to prevent these kinds of manipulations.".

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Index figures of the most recent purchase managers, indicating higher confidence in the UK manufacturing sector have been completely ignored. Bond investors continue to look forward with greater certainty of a slow or zero-growth, future where interest and inflation rates remain discrete for years to come. He arrived before - very low yields of inflation and binding persisted for decades in the past - so why not yet?

Yet it is not fair opportunities for a decade lost Japanese-style Feed troughs records obligations yields.Prediction of more ve - that central banks flood the economy with money by buying a government - debt creates a daytime rates spiral ever tomber.Il is an accident waiting to happen.

But decision-makers seem determined to move forward with QE2.Mercredi, the Fed should punish another $500bn (￡ 312bn) bond purchases. Despite vocal objections of at least four members of the open markets, Ben Bernanke, the Chairman has indicated a desire to keep pumping money into the economy more or less indefinitely based that core inflation is unambiguous again on the rise and unemployment is falling.

It seems rather likely that the Bank of England will do the same, but you never know. A member of the CPC, Adam Posen, requiring another ￡ 50 billion of purchases of goods, while Mervyn King, Governor of the Bank has expressed concern about managed money growth, and a majority of the CPP appears slowly to the idea.If not this month, then perhaps next.

There are essentially three reasons to worry about this latest outbreak of monetarism Voodoo.It seems neither necessary, nor is it likely to be effective and there are risks importants.Si QE fails these tests, then policy-makers should not be done.

There is already an agreement at the United States you both indicates increasing State the countries likely to become even worse after today provided drubbing for Democrats in the mid-term - on elections - political paralysis policy underlying economic merits.

Denied the political leadership needed to remove the economy of the bog, fed employs the only thing left in the Toolbox to restart jobs in the private sector - even lower interest rates.It is difficult to see why - with some real interest rates already in negative territory - a slight reduction in additional would make any difference.

If it were possible for households and small businesses access to very low levels and relieve themselves of their debt burden of doing, then perhaps some advantages économiques.Mais course they cannot.In the real economy, wear remains the order of the day. It is only Governments and large companies can benefit.

But this EQ certainly does not create an incentive for everyone to stack aboard the procession of the purchase link. If the Fed is to acquire next year half expected issuance of Treasury paper, it represents something of a one-way bet, prospects independently long-term inflation and rates.

The purpose of EQ is - leading low interest - rates for creating an effect deterrent to save in the hope that businesses and households could consume more or invest in assets risk more élevés.Paradoxalement, the very opposite can occur.

Funds are still flowing back into the obligations of the Government in record quantities, for if you are familiar with central banks will continue to support the price, then there are incentives to use acheter.Investissement and the private sector is proportionally harmed.The phenomenon also resulted in a resumption "search performance", which creates further example, bond prices anomalies.Par business have been a major beneficiary Sprint for debt.

A positive effect has been to enable firms to refinance at very low rates of interest, which helps turn Apr banks.This is how QE is supposed fonctionner.Pourtant if these rates very low tip into a depression, then you would expect failures of firms to increase again once that the current growth spurt has run its course.Many bonds businesses are therefore be mispriced.

Similarly, if the Fed is successful in generating inflation QE, then logically these low rates shouldn't American Federal Reserve existent.La seems to want it both ways - low bond yields and higher inflation.Only in Alice in Wonderland country it would be possible.

There is always the possibility the inverse bond markets got that right - it will be the contraction of the economy and prices of goods, services and other assets is soon be dégonflant.Mais which only adds to the suggestion that far to help the situation, more QE be worse.

In all cases, there is little evidence of deflationary scarecrow here at the United Kingdom and even to United States, the problem can be one of the diagnosis established. unemployment structural high, that the United States are more unused to, is not the same thing as deflation.

As for the United Kingdom he became still more difficult to justify more QE.Croissance's nominal GDP is where it should be, production resumed after flexible patch of the summer, the velocity of money is recovering rapidly and are rising inflationary expectations.

It is quite a leap to believe that this relatively encouraging position will be completely reversed in the next year or two by the reduction in budgetary venir.Certes, the Bank of England will be struggling to convince it that said the report of the inflation of the week is prochaine.à participate more QE would react to a still unquantifiable growth risk.

Hazards, on the other hand, further inflate a bond market strike already underlying fundamentals are all too apparent.

Assuming that no default value, and gilt destroy never fully capital, in the same way sometimes occurs fairly .but, inflation can seriously affect, and once the markets suspect that the genius of inflation is out of the bottle, the damage is always fast and devastating.

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