"Peter Grandich, chief commentator on Agoracom.com, argues that gold prices are definitely trending higher with strong support from the physical market."
Saturday, February 27, 2010
Thursday, February 25, 2010
China To Purchase Half of IMF’s Gold
"China has confirmed the intention to purchase 191.3 tons of gold from the International Monetary Fund at an open auction, Finmarket news agency said.
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.
Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said. "
World central banks started to increase their gold reserves after prices on gold began to climb in 2001. The IMF sells gold within the scope of a program to diversify sources of income and achieve an increase in lending.
The IMF announced an intention to sell 403.3 tons of gold in accordance with the adequate decision made by the board of directors of the fund in September of 2009. India, Mauritius and Sri Lanka purchased about 212 tons of the amount at the end of 2009. India purchased most – 200 tons.
China’s interest in international trade is connected with the development of the nation’s economy, as well as with the growing consumer demand in the country.
“Chinese officials have confirmed previous announcements from IMF experts and said that the purchasing of 191 tons of gold would not exert negative influence on the world market. China is interested in the development of the domestic consumer market,” the agency reports.
Most of Chinese citizens believe that investing in gold jewelry is a good way to avoid inflation, Rough & Polished agency said. "
Sunday, February 21, 2010
China Will Drive Gold
"Frank Holmes, CEO of U.S. Global Investors, says China's emerging middle class will drive gold prices higher."
Tuesday, February 16, 2010
The End of Gold's Correction
"Peter Grandich, chief commentator on Agoracom.com, says that if gold prices can hold above $1,125 an ounce for two trading days that gold will be in for another leg up."
Friday, February 12, 2010
Credit Suisse Declares the U.S. a Riskier Investment Than Indonesia
"Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt.
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-minded Indonesia, the debt-ridden Philippines and violence-ridden Colombia. By comparison, U.S. Treasuries prices are up today despite a new issuance this week."
By Megan Carpentier 2/12/10 1:47 PM
Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-minded Indonesia, the debt-ridden Philippines and violence-ridden Colombia. By comparison, U.S. Treasuries prices are up today despite a new issuance this week."
By Megan Carpentier 2/12/10 1:47 PM
Wednesday, February 3, 2010
Silver Can Hit $1,500
"Mike Maloney, author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term."
Why $15,000 Gold is Possible
"Mike Maloney, Author of Guide to Investing in Gold and Silver, reveals why he thinks gold price could skyrocket to $15,000 in 5 years."
Monday, February 1, 2010
The Money Printing Continues, 1.9 Trillion More
"Bernanke will continue to print money until there are no trees left in America."
–Jim Rogers
"Those who stand for nothing fall for anything."
– Alexander Hamilton
–Jim Rogers
"Those who stand for nothing fall for anything."
– Alexander Hamilton
Subscribe to:
Posts (Atom)