2011 Gold Demand Strong From China, Europe, India, Central Banks
I just got finished looking over a press release today from the London-based World Gold Council, the gold industry’s market development organization. While the price of gold finished up the year lower...
View ArticleGold Entering Annual Sweet Spot?
This is the time of year gold traders get excited about. Don Vialoux wrote on The Globe and Mail (Canada) website yesterday: The period of seasonal strength for gold bullion is approaching. Thackray’s...
View ArticleCentral Banks Keep Buying Gold
There’s been a lot of talk recently about the dip in the gold price. Yet, so little chatter about the world’s central banks adding to their gold reserves. Glenys Sim reported on Bloomberg.com tonight:...
View ArticleBehold The Golden Bear: Russia Now World’s Biggest Gold Buyer
For years I’ve heard the term “Russian Bear” being used to describe Russia and its might. For example, “NATO better not put too many missiles in Eastern Europe, or they’re going to anger the Russian...
View ArticleBillionaire Investors Divided On Gold As Demand Hits Record Value Level In 2012
We’re on a roll today. Consider it make-up material for yesterday. Anyway, let’s turn our attention over to money. “Real” money like gold, that is. The precious metal had another solid year in 2012....
View ArticleCentral Banks Continue To Stockpile Gold
Despite the price of gold getting pummeled recently, a number of the world’s central banks continue to acquire the precious metal. Sungwoo Park reported on the Bloomberg website yesterday: The Bank of...
View ArticleBullish Signs For Gold?
I’ve noticed the buzz surrounding gold the last week or so. Last Tuesday, August 6, the London P.M. gold spot price was $1,280.50. Late Monday night, August 12, the London P.M. fix shows $1,341- up by...
View ArticleCentral Banks Net Purchasers Of Gold For 11 Consecutive Quarters
Earlier today, Janet Yellen, the American economist and Vice Chair of the Board of Governors of the Federal Reserve System who is President Obama’s nominee to succeed Ben Bernanke as Chairman of the...
View ArticleHSBC: China, Not Investment Demand From West, Now Steering Gold Prices
Sounds like China may be firmly in the driver’s seat these days when it comes to steering gold prices. Yue Li reported in The Wall Street Journal’s MoneyBeat blog this morning: China’s buying of gold...
View ArticleChina Gold Demand To Increase In 2014?
“Gold futures on Friday held below $1,300 an ounce as recent data showing a pickup in the U.S. economy helped draw some investors away from the metal and to the stock market, feeding a loss of roughly...
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