Aug. 26, 2010 According to The Wall Street Journal, many are asking if the Federal Reserve‘s decision to restart its quantitative easing program will trigger a dollar collapse. There is increased concern about the long run inflationary threat posed by recent fiscal and monetary policy. Adding to the issue is the dollar’s weakened position due [...]
Archive for the ‘News’ Category
Gold Holds Strong Position, Dollar Weakens*
Thursday, September 2nd, 2010Gold – An Ongoing Bull Market
Thursday, September 2nd, 2010Aug. 26, 2010 Over the last 10 years, gold has remained in a strong bull market. Gold prices continue to rise against a weaker stock market and commodities. Gold may now act-not only as a long-term hedge against a weakening dollar-but as a hedge against all risky assets,” states Jack Adamo in his article for [...]
Gold’s Winning Streak
Tuesday, August 24th, 2010According to Bloomberg, gold futures have climbed 10 percent this year and are set for a 10th straight annual advance. This marks the longest winning streak since at least 1920, as investors shield their wealth against economic turmoil and the prospect of currency debasement. The metal reached a record $1,266.50 an ounce on June 21. [...]
Gold Beats Other Investments Over Past 10 Years
Tuesday, August 24th, 2010According to a recent report from Rhona O’Connell, over the past ten years, gold outperformed the next best asset class by a factor of just over two. Gold’s performance versus equities was consistent over the past one, three, five and ten years. In addition, gold was cited as the least volatile asset class over the [...]
GOLD ENJOYS RESURGENCE AMONG VARIETY OF INVESTORS
Tuesday, August 24th, 2010The New York Times reports that global concerns about inflation, deflation, government borrowing, and sovereign debt have led private and institutional investors across the spectrum to develop “gold fever” as they seek an “age old refuge” from these economic crises. The Times article noted that gold’s major supporters include liberal financier George Soros, Fox News [...]
Porter Stansberry’s Theories of Relativity
Wednesday, August 11th, 2010By Karen Roche The Gold Report July 9, 2010 Every country gets out of trouble by basically robbing its citizens by taking away their purchasing power, but that is what has to be done in the world as it exists today ‘These governments can cut their budgets and live under “austerity,” but all that’s really [...]
ERSTE GROUP
Wednesday, August 11th, 2010Special Report Gold June 2010 Erste Group was founded in 1819 as the first Austrian savings bank…. Today Erste Group is one of the largest financial services providers in Central and Eastern Europe in terms of clients and total assets…. In GOLD we trust – June 2010…. …In the 1970s it was an unwritten law [...]
REASONS TO OWN GOLD
Wednesday, August 11th, 2010By John Embry Sprott Asset Management LP June 2010 1. GOLD IS RETURNING TO ITS TRUE HISTORIC ROLE AS MONEY The role of gold in society was succinctly summed up by J.P. Morgan in 1912 when the renowned financier stated that “Gold is money and nothing else.” Ironically, he made that comment one year before [...]
Gold to Climb to $1,500 an Ounce in a Year, UBS AG Forecasts
Wednesday, August 11th, 2010By Kim Kyoungwha Bloomberg June 10, 2010 Gold will climb to $1,500 an ounce in the next 12 months on concern that Europe’s financial turmoil will escalate, fueling demand for the metal, according to UBS AG. “The price of gold has yet further to rise,” Dirk Faltin, economist with UBS AG, and other analysts wrote [...]
U.S. asset managers worried Obama could confiscate gold
Wednesday, August 11th, 2010Anecdotal evidence suggests some major U.S. asset managers prefer to hold gold outside the U.S. for fear of confiscation in an echo of Roosevelt’s 1933 decree. By Lawrence Williams Mineweb June 10, 2010 Speaking at the FT Silver conference in London yesterday, lead-off speaker John Levin, HSBC Bank’s Managing Director, Global Metals and Trading (HSBC [...]
