The Bull case is Europe is likely to handle its debt crisis by printing more money , to avoid default , which is inflationary , every western country is trying to debase its currency in order to boost their exports and devalue their debts , so that's a bull signal for Gold , but a healthy pullback is in order before heading higher and eventually hitting the historic mark of $2000/oz
Thailand is taking part in the global gold rush. There is so much demand for it that the Thai Gold Traders Association says some shops have run out.The ounce of gold hit the record of $1800 an ounce. The price keeps rising and makes gold an especially solid investment when compared with other volatile world commodities. Asia and especially India and China are seeing a Gold rush by the population , the premiums on the gold are betting higher and there is shortage of gold supplies in the markets ....
CME Raises Margins for Trading Gold Futures : The CME Group on Wednesday raised maintenance margins for trading Comex 100 Gold Futures by 22.2 percent, effective after the close of business on Thursday. reports CNBC today
Gold hits another all time Record in New York, where prices rose to $ 1,801 an ounce.The new black day in the markets favors the gold rush that has set another all time record high. The futures expiring in December quoted on the Comex in New York for the first time reached 1,800 dollars per ounce (up to 1800.40) and then retrace to $ 1,788 (+2.5%). Today, fears have been accumulating over France with the risk that some banks in difficulty could default . France is heavily exposed to the peripheral countries of the Eurozone debt .
Central Banks turn to Gold as a safe Heaven , we likely going to see another round of Quantitative Easing and further weakness of the dollar , there is a crisis of confidence in the US government and in the currency , we are not seeing that immediately in the bonds as a flight to safety , what we are seeing is Gold becoming the unofficial reserve currency again as people lose faith in the US Dollar , this story is not going to end here at !700 we are going to see further strength in the price of Gold , Gold is under invested in portfolios , Gold represents a very small portion of China's foreign reserve exchange and that's likely to grow so they will use any weakness in the gold price to step in as well as other central banks across the globe says Steve O'Hanna, Investment Manager at Fat Prophets Funds Management
Jim Rickards : "I tell investors, Gold doesn't ever change value. what this is really telling us is that the dollar is going down. it's the inversion of the dollar. you know, the dollar may go down nominally. all the currencies are going down together against gold and i think that's the significant movement."
Jim Rickards, Tangent Capital Partners senior managing director "well, I've been very bullish on the euro. partially because they have 10,000 tons of gold. we have 8,000 tons. they actually have more gold than we do. if you combine Europe, the united states and throw in the IMF for good measure, that's about 70% of all the official gold in the world. who is left out in the cold? the Chinese, Brazilians and the British don't have much gold. as the payroll currencies begin to collapse and you need to go back to a gold backed system which I expect in a matter of years , the people with the Gold , I call the US the Saudi Arabia of the Gold we are a super power in Gold , their Gold (the Europeans ) is in the United States so one of the scenarios ahead is the United States will confiscate European Gold it's what we have done before FDR 1933
The price of gold for immediate transactions in U.S. currency at a new record above U.S. $ 1670 an ounce, boosted by worries about global growth and the debt crisis of the euro area. The price of spot gold of $ 1670 an ounce, up 0.6 percent during the day by at 08:55 GMT, after hitting a record high of 1672.65 dollars
earlier.
Not only the movement of investors to buy gold only, but it also included the central banks. for example the Bank of Korea bought 25 tonnes of the precious metal reserves in order to diversify its reserves . The first
time in 13 years that this institution buys gold in Reaction of U.S. debt
It has become difficult to predict how long the range of movement of yellow metal, where he was expected to slow down , but it continued to break record highs several times in less than a week. The total gains of gold during the month of June was 11 percent , traditional factors are no longer sufficient to
understand the movement of gold, where high prices before the date of August 2 is attributed to the ability of the U.S. government to get approval to raise the debt ceiling U.S., but continued high prices,
even after this date make it easy to expect gold at $ 1800 per ounce in the short term , other factors supporting the price of gold, including the threat of the credit rating agencies to downgrade the U.S. credit score to less than AAA, this threat made a lot of investors turn to the yellow metal as a safe haven to secure their wealth and to escape the loss of the weak dollar and government bonds and this also included the threat of the default of some major European countries such as Spain and Italy. The purchases of Gold by the central banks of countries such as Kazakhstan, Thailand and South Korea contributed to the rise in effective demand for yellow metal markets, which pushed the price of an ounce to move beyond the level of 1673 USD , for example, the central
bank of South Korea purchased during the months of June and July nearly 25 tons of gold in an effort of diversification of its reserves and to avoid the risks of inflation in the coming period.
" Gold is certainly the most obvious place , when there is any sign of uncertainty , people start to panic " "Gold has a real tangible value and people always flock to gold in times of uncertainty,It is an excellent investment in times like this it has a real value " " David Lowery, equity analyst at Faraday Research told CNBC. "It is an excellent investment in times like this as well because it does have a real value," he added.
It triggered a new record on the inevitable price of gold, the safe haven par excellence that is pushed upward for weeks by the climate of tension that is gripping the world markets. The ounce reached a peak at $ 1,640.9 on the platform of CME Group, up about $ 20 compared to yesterday's closing and setting a new record high. Gold is used by investors as a means to protect themselves from the turmoil that may affect the equity markets, as well as government bonds or foreign exchange markets.
Today the stock markets worldwide suffered sharp declines again, while tensions are recreated on bonds of different countries of the euro zone. Meanwhile in the U.S., if you are hoping for a lucky escape on the risks of default on payments due to an agreement on budgetary rules, it is feared a sharp slowdown of the economic recovery.
New all time record for gold today 29 July 2011 at $ 1,637.50 in New York - New record for gold of up to $ 1,637.50 in the New York market. The prices have then pulled back to around $ 1,630 an ounce
July 27 - New record for gold today that the New York market has reached 1,631,20 dollars an ounce.Record high in London too at , $ 1,628.05 . Gold has pulled back from the all time record high since but I won't be surprised that another all record high will be broken either tomorrow or in few days as most analysts expect one of the hottest summers for Gold ever ....
Gold is going one way and one way only and that is Up Up and Up .says Owen Hegarty, Vice-Chairman & Executive Director at G-Resources, he also talks about various ways of investing in gold.Gold equities are going to have a very good run in the next few years he says they are probably going to outperform other equity markets , the supply of silver has calmed down there is certainly a shortage of silver and like gold he believes that silver has one way and one way only to go and that is up up and up , the gold supply from the mines has been in decline , Gold is very difficult to find
Gold prices reached new records in London and New York, and then slow down the pace with fluctuations above the threshold of $ 1,620 an ounce. It is now oscillating around $ 1,621 after reaching a record high of 1624.07 in London and the peak of 1624.30 in New York, in a market that is concerned about the difficult negotiations on the U.S. debt and the debt crisis of the Eurozone. There was a very sharp move higher on gold in early trading coming out of the weekend. It went close to vertical for the first 45 minutes of trading and hit a new high of $1,624/oz . Prices have pulled back from the highs, but are holding above the previous resistance/range.
Canada's Pacific Rim mining company owns all the land around El Dorado in El Salvador - one of the most coveted gold mines in Central America.After activists block its mining permit, Canadian gold mining corporation is using a US free trade agreement to sue the government of El Salvador .These people have the right to make their own laws, even if they don't benefit the US. Imagine that.All Pacific Rim cares about is exploiting our resources and earning huge profits. They don't bring opportunities to my country! They bring misery! Low wage jobs under bad conditions. Along with a handful of engineers who will most definitely be foreigners. Sue the gov, I hope they show up with this innocent, simple and humbled woman who will stand up for her people and demand equality and will fight the destruction of our land.
Assassination of anti-mining resistance leader, Marcelo Rivera, sparks campaign of terror against activists
Andrew is a currency historian, an internationally recognized expert on the United States monetary system .Andrew Gause may just be the top man anywhere for the highest quality
analysis into the world of money we all live in. Andrew is a currency
historian, an internationally recognized expert on the United States
monetary system. He's written two books, "The Secret World of Money" and
"Uncle Sam Cooks the Books".
~ Over the Counter Precious Metal Trading Changes. ~ How the Fed plays with Bonds
Gold panning fine gold how to in light sand and with micro gold Panning and prospecting for gold has become one of the most popular recreational hobbies today. It is possible for many people to actually pay for their gold panning and gold prospecting holidays by selling any of the gold nuggets they find. Many people who pan and prospect for gold are discovering why a simple pan is one of the most effective techniques in discovering and recovering small amounts of gold from a stream bed. Prospecting for gold is very much like being a detective in an old Mickey Spillane novel. When you discover those small flakes in your pan for the 1st time more often then not you will be bitten by the gold prospecting bug and you realize that these small glittering pieces of gold are the only clues leading you to the source of that gold and perhaps a huge mother load
More than 80% of the gold in the Mother Lode is still in the ground.
Gold is most commonly found and or mined in one of two kinds of deposits; Placer and Lode. Placer deposits are areas of free gold that have settled in pockets after being disturbed and moved by many years weather facilitated erosion. Lode is gold found in veins buried deep underground in quartz deposits. Placer gold is mined using panning, sluicing, or dredging. Lode is mined using conventional "deep shaft" hard rock.
WASHING OFF LIGHTER SAND AND GRAVEL
1) Hold the pan just under the water and tilt it slightly away from you. Begin to swirl the water from side to side, with a slight forward tossing motion. Take care, but with sufficient force to move the surface and the lighter gravel out over the edge of the pan.
2) Leveling the pan from time to time and shaking it back and forth will cause the light material to come to the surface and the gold to settle to the bottom.
Repeat process 1 and 2 of step B until there is only about two cups of heavier material left in your pan. This material is usually called "black sand," or "concentrate."
A one-ounce gold nugget is more rare to find than a five-carat diamond.
The amount of gold nuggets being found in the world is less than one percent.
Even though gold is rare, it is far easier to find than winning a major lottery.
Because of its rarity, a gold nugget can be worth 2 to 4 times the value of the gold it contains.
Troy Weight
The Chinese worried about a possible U.S. default are buying gold and silver hand over fist . The Chinese rush to Gold alarmed by the fear of the U.S. default , Gold is The traditional safe by excellence in times of uncertainty in the currency markets, with the extreme volatility of bank stocks and the fear of sovereign debt defaults (those whose bonds were issued by domestic banks are likely to become toilet paper, what the rating agencies often classify - wrongly - with the name junk) , a true 'gold fever broke among the Chinese investors, with a surge in sales of bullion coins by more than 120% in the first quarter of 2011 on an annual basis. A trend that has pushed up the prices of the yellow metal over the threshold of $ 1,600 an ounce. To drive the demand of the market towards the safe haven par excellence is also the debt crisis of the euro area and the situation far from rosy in the U.S., where the Congress has not yet reached an agreement on raising the debt ceiling with the risk of debt default for the country.
This is why China is focusing on gold. For some time China was a net seller of gold , as well as being a major producer. According to the World Gold Council (WGC), together with India, the country where the demand for gold recorded the strongest growth rates globally. The demand in China is extremely strong, and one of the main factors that drive the market's fears is the rising inflation. Data in hand, in the first three months of 2011 the demand for gold coins and ingots in China amounted to 90.9 tons, an increase of 123% compared to 40.7 tons in the same period last year. In India, sales stood at 85.6 tons. Globally, in 2010 the demand for bullion coins stood under 1,200 tons. According to analysts, the 'gold rush of the Chinese market is a new phenomenon. "Only a few years ago, the Chinese would not have bothered to buy gold bars and coins. But now people will buy them, instead of jewels, as they have a higher value over time . For the Chinese to buy gold is a kind of insurance, they feel they have made a safe investment. Currently, the gold reserves amount to only 1, 6% of the total assets of China, but analysts view it is possible that the Bank of China starts to buy more gold. Especially given the uncertainty related to yields on the US Treasury bonds issued by the Fed, on which China has invested for years because it was believed to be the best way to "park" the money arising from the huge surpluses of their trade balance.
Mad Money host Jim Cramer says it's not too late for investors to get in on the precious metal especially Gold ...Jim Cramer "the average portfolio has 1% to 1.5%. do you come into gold here? i have heard over and over again. here is the problem with gold. people missed the move. it's clearly untrue. given the uncertainty in the euro and the dollar i don't think it's too late"
Robert Ian : Gold is Money Everything Else is Credit , on July 13, 2011 Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a U.S. House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing.
here is a transcript of the Q&A between Dr Ron Paul and FED chairman Ben Bernanke about Gold being money or not being money :
Paul: “Do you think gold is money?”
Bernanke: “No. It’s a precious metal.”
Paul: “Even if it’s been money for 6,000 years? Somebody reversed that and eliminated that economic law?”
Bernanke: “Well, you know, it’s an asset. Would you say treasury bills are money? I don’t think they’re money either, but they’re a financial asset.”
Paul: “Why do central banks hold it (gold) if it’s not money?”
Silver Better Bet than Gold says Peter Turville-Ince , Head of Commodity & Equities Strategy at Compass Global Markets, who is long-term bullish on silver.Gold prices in Euro and in British pound hit record highs for second consecutive day , Peter Turville-Ince prefers silver over Gold for the longer term
Inflation before economic meltdown – YouTube
-
Check our website daily at http://www.figanews.com Inflation before
economic meltdown via Inflation...
[[ This is a content summary only. Visit
http://gol...
Physical Silver And Gold Shortages
-
The paper market does not reflect the supply and demand dynamics of the
physical precious metal...
[[ This is a content summary only. Visit
http://buy-sil...
around $ 1,621 after reaching a record high of 1624.07 in London and the peak of 1624.30 in New York, in a market that is concerned about the difficult negotiations on the U.S. debt and the debt crisis of the Eurozone. There was a very sharp move higher on gold in early trading coming out of the weekend. It went close to vertical for the first 45 minutes of trading and hit a new high of $1,624/oz . Prices have pulled back from the highs, but are holding above the previous resistance/range.
