"Yes, I should be selling at the top, but I don't think this is the top. Gold, adjust it for inflation back in 1980, gold should be over $2k an oz. right now. In my view, in this bull market in commodities gold will make all new highs adjust for infl
The dollar fell on Monday as China accused the US of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point of $1,133.20 dollars an ounce.
The free market always wins. Eventually the free market process overrides the process of government interference. As government intervention and regulation of markets and money eventually fails, the free market again emerges, leading to a resurgenc
(This article is dated 2/12/65) Perhaps never had a chief of state launched such an open assault on the monetary power of a friendly nation. Nor had anyone of such stature made so sweeping a criticism of the international monetary system since its
Central banks will be net buyers of gold this year as they diversify away from the US dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive buillion to fresh recor
The price of gold coins in Iran feel by more than 4 percent after the Central Bank started supplying newly-minted coins to the market, Iranian newspapers reported on Sunday. "The gold bubble burst", read a headline in the daily Jam-e Jam
The price of gold surged to an all-time high point above $1,123 dollars per ounce as trade was driven by buoyant stock markets and the weak US currency. On the London Bullion Market, gold jumped as high as $1,123.38 dollars an ounce.
Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold.
Marc Faber - Bernanke as Mugabe's Assistant / Vintage Ron Paul / Peter Schiff - Bullish on the Gold Standard / Liberty, the Mother of Order (Butler Schaffer has a new book) / Blowback at Ft. Hood - Jacob Hornberger
There's one mention of the word gold in the Bank of Canada's latest annual report. There are no mentions of bullion. Canadians once owned 30 million ounces. Now we own none, preferring to back our currency with rock-solid things such as US dollars
The Reserve Bank of India may have sold US Treasuries to fund its gold purchase from the International Monetary Fund. Last week, RBI purchased 200 tonnes of IMF gold for $6.7 billion, increasing the share of gold in its reserves by 250 basis points.
Gold prices hit an all-time peak of $1,109.50 dollars/ ounce Monday with the dollar weakening as the euro rose to $1.50 for the first time in 2 weeks after G20 countries pledged to keep economic recovery pumped up with easy money.
The theory of the 19th-century gold standard was that gold was “real money” in the same way as landed property was “real estate”. All types of paper money are capable of being created by banks or governments, so the supply is potentially unlimited.
Gold futures in New York rose to a record above $1,100 per ounce on Friday as the dollar eased in the wake of disappointing U.S. employment data.
At 9:48 a.m. EST December gold was up $10.20 at $1,099.50 an ounce at the COMEX division of the New Y
“The preference for gold continues as the global recovery gathers momentum and as the dollar stays out of favor,” said Yu Kyung Kyu, a trader with Eugene Investment & Futures Co. in Seoul. “Still, we may witness market players reluctant to go too agg
"The Reserve Bank of India (RBI) has concluded the purchase of 200 metric tonnes of gold from the International Monetary Fund (IMF), under the IMF’s limited gold sales programme. This was done as part of the Reserve Bank’s foreign exchange reserves m
Today's announcement by the International Monetary Fund, reported in the Bloomberg story and IMF press release appended here, that the IMF has sold to the Reserve Bank of India about half of the 400 tonnes of gold the IMF long has been planning to se
(Gold is still going up, and they are short 2 million ounces) Barrick Gold Corp.(TSX:ABX) lost $5.4 billion in the third quarter to the windup of its gold hedging program, but the big miner said this move, as well as several low-cost projects set to
The shooting, the bombing and the killing of World War II stopped in August of 1945, and the War was formally over. The US and Britain knew the War was won, in 1944. At that time, a Conference was called among the 44 Allied Powers,
(Maybe Goldman Sachs will hire him) A man in eastern China has been given a 9-year jail term for buying and selling over 58 billion yuan ($8.5 billion) worth of fraudulent gold futures, state media said on Thursday. The man, named as Zhang Yong
The Russian Finance Ministry has not shelved plans to sell gold from the State Precious Metals and Gemstones Repository (Gokhran) and could sell approximately 25 tonnes of the the metal, possibly on the domestic market, a ministry official
I work third shift, 2200 to 0800. I'm too cheap to buy satellite radio, so I channel surf during my shift and inevitably end up listening to talk radio for a few hours. It seems like every show has endless advertisements touting the value of adding g
There are two significant events this week that could exert pressure for higher gold prices. Because of this, I expect to see major behind-the scenes actions to try to suppress gold (and silver) prices until the middle of Thursday afternoon. First,
(Gold is below $1040) The total short interest is 516,832 contracts representing 51,683,200 oz of gold which represents $54,841,043,000 worth of short sales at Friday's closing prices. Who has that kind of money? And WHO has that amount of gold to
The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing. The nations that talk the least will be hiking interest rates the most, like Australia. The US might be
At one time the case for the gold standard was practically self-evident -- undisputed by most economists and appreciated by both layman and professionals. Today, however, the case for gold is buried under decades of propaganda, misconceptions, and m
The story hit like a thief in the night, even bearing Biblical proportions. The end of the exlusive sale of MidEast oil in US Dollars, the rise of Russian and Chinese influence in the Persian Gulf, the rise in importance for the IMF basket of curren
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