RussiaToday | November 09, 2010 - Gold and silver surged to a record high fueld by inflation and euro zone sovereign debt woes. Gold is hovering around peak levels- exceeding the 14-hundred-dollar-per-ounce mark. Silver is also maintaining its gains, having risen to a 30 year peak. Analysts say the demand for precious metals could continue to climb - amid low interest rates, the European sovereign-debt crisis, and jitters over the global economic slowdown. RT discusses the issue with Manoj Ladwa, Senior trader at E-T-X Capital, who is in London.
Saturday, December 11, 2010
Golden Times :: euro zone sovereign debt woes still on.
...Silver, gold prices up on global crisis fears
Tuesday, December 7, 2010
How modern banking come about:
PreciousMetalsStore | April 24, 2009 - The story of the goldsmiths and the birth of fractional reserve banking from the documentary Money as Debt: a replay
Friday, December 3, 2010
The Gold Standard & Dollar History :
therealweeklynews | April 04, 2008 - The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the economy of the United States and why this country is in a lot of trouble financially.
Friday, November 26, 2010
Tuesday, November 23, 2010
UK Royal Mint :: Gold coin sales increase by 400%
Sales of gold coins have soared by 400% so far this year compared
with 2009, according to the Royal Mint.
with 2009, according to the Royal Mint.
With the price of gold hitting record levels, the Mint says commemorative coins are in strong demand.
Sales of silver coins have also risen, though by a comparatively modest 20%(Picture above) -The Royal Mint's £25 22-carat gold coin for the 2012 London Olympics
"In these days of economic uncertainty people look for something they can see as being a bit more secure," Dave Knight, director of commemorative coins at Royal Mint, told the BBC.
The price of gold, currently at about $1,400 an ounce, has consistently reached new highs during 2010 as investors have sought a haven amid economic turmoil.
BBC NEWS : 19 Nov 2010
Thursday, November 18, 2010
Gold holds gains as Ireland worry eases
(Reuters) - Gold prices steadied on Friday, holding onto gains from the previous session, as a cure is seen imminent for Ireland's debt crisis, which helped boost the euro.Ireland insisted on Thursday its low rate of corporation tax was "non-negotiable" as it discusses an aid package worth tens of billions of euros from European partners and the IMF for its shattered banks.
Spot gold was little changed at $1,352.94 an ounce by 0341 GMT, on course for a 0.8-percent weekly decline.
U.S. gold futures was trading at $1,352.6.
Investors are closely watching China's monetary policy maneuver, after talks of an imminent rate hike have been circulating and caused sell-off in commodities earlier in the week.
America initiated Global "money laundering" of the highest order!
Parasitical Capital Not Lack of Gold the Problem:
Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws
Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws
Wednesday, November 10, 2010
Financial Terrorism - Markets! Finance! Scandal! & silver market.
RussiaToday | November 09, 2010 - This week Max Keiser and co-host Stacy Herbert look at the scandals of shameless Britain and Wall Street's cash cow. In the second half of the show, Max talks to David Morgan about the silver market.
Tuesday, November 9, 2010
Back Toward the Gold Standard?
World Bank President Supports New Gold Standard :
Robert Zoellick, the president of the World Bank writes:
“The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values.”
That could ignite a firestorm of controversy between economists who see a gold standard as a global stabilizer and those who see it as a job and growth-killer. What could invite more consensus is Zoellick’s call to reengineer the global financial architecture.
“The development of a monetary system to succeed ‘Bretton Woods II’ launched in 1971, will take time. But we need to begin. The scope of the changes since 1971 certainly matches those between 1945 and 1971 that prompted the shift from Bretton Woods I to II.”
Monday, November 1, 2010
Silver shines in gold's shadow.
Is silver about to streak higher?
Silver's price has risen 8% in the past month, recently topping $20 an ounce for the first time since early 2008. The rally comes at a time when gold has been hitting new highs, on the latest round of fears that crisis-crazed central bankers will destroy the value of paper money.
Silver's price has risen 8% in the past month, recently topping $20 an ounce for the first time since early 2008. The rally comes at a time when gold has been hitting new highs, on the latest round of fears that crisis-crazed central bankers will destroy the value of paper money.
The poor man's rally
Silver remains far from its own peak, set 30 years ago at a time of high inflation and a hare-brained attempt to corner the market. Unless the wheels fall completely off the global economy, silver seems unlikely to recapture its record high of $49.45 again any time soon.
Even so, silver could take on a new shine in coming months, as a slowing economy prods policymakers further out onto an easy money limb and buyers ponder just how high gold prices can go.
"Silver has been kind of going along as the poor man's gold," said Howard Simons, a strategist at Bianco Research in Chicago. "The gold-silver ratio right now is telling traders to buy silver."
Simons notes that at recent prices an ounce of gold can purchase 63 ounces of silver. Though this is hardly a historically unheard of ratio, the urge to buy the cheaper metal could push silver prices up as traders hedge their bets on gold.
Read full report :
Monday, October 25, 2010
Currency wars to short circuit role of Gold?
Can the Capitalist stage manage the present economy upheaval...
Currency wars point way to managing imbalances:
Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.
The US has waged well-known wars in Afghanistan and Iraq. Yet some say it is also waging a lesser-known battle that is just as costly and much larger in scale.
"The US is leading a financial world war to obtain foreign resources and essentially make other countries pay tribute to it,” Michael Hudson, contributor to the Financial Times, told RT.
Read full Report
Sunday, October 24, 2010
Gold surge - US & Russia..
RT | October, 2010, 10:21
The gold price has surged over the course of this year to beyond $1320 an ounce, with investor interest growing as concerns about currencies mount.
Gold futures, warrants, gold exchange traded funds, gold-mining shares – there are many ways invest in gold. But none offer the sheer sense of possession that having a bar in your hands does. Otkryitie analyst, Vladimir Savov says this can allow investors to strip out thinking about company management and hedge books, and simply focus on price.
Saturday, October 16, 2010
Friday, October 15, 2010
Friday, October 8, 2010
Fiat Currency will have no where to go but Gold!
Jim Rogers - Currency Wars:
October 07, 2010 - Global Currencies World Wide are being debased.
Nation states are debasing their currencies by printing money.
By printing money, the supply of money in the system increases.
More money in the system causes prices of important things you and I depend on in our every day life to INCREASE.
Our dollars buy less today than ever before. If you made 5 dollars in the 70s, you were paid MORE than you are today at 12 dollars.
Currency wars:
Keiser Report №79: Currency Wars Break Out
RussiaToday | September 21, 2010 - This week Max Keiser and co-host, Stacy Herbert, look at the scandals of Greenspan's 'gold warning;' currency wars breaking out; the Veterans Administration's verbal dealers with insurance brokers raking it in on dead soldiers and Carla Bruni's hopes for raking it in after her husband's (hopefully) one term. In the second half of the show, Max goes to New York to talk to Yves Smith of NakedCapitalism.com about her book, Econned, and about stability and instability in financial markets, structural imbalances,'bad equilibrium,' trillions in derivatives and Che Guevara with machine gun interfering with Potemkin companies.
Tuesday, September 14, 2010
Gold price hits new record high
FOREX GOLD INDEX(PM FIX) $/OZContinue reading the main story
Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce.
It was the biggest one-day gain for the commodity in four months.
One of the factors spurring investors is gold's traditional role as a so-called "safe-haven" investment at times of economic uncertainty.
On the physical market, demand for both bullion and jewellery has risen ahead of the seasonal Indian wedding period and the Hindu religious festivals that begin in September
Sunday, September 12, 2010
Umar Ibrahim Vadillo - Interview - Gold Dinar
IslamicEconomy | April 09, 2010 - Umar Ibrahim vadillo is one of the most outstanding and well-known proponents of the Gold Dinar Movement within the muslim world. He is the author of the ground breaking book "Return of the Gold Dinar" and has been involved in numerous initiatives across the globe to revive the gold dinar. In this interview, he higlights the importance of giving zakat in gold and why gold currency is mandatory requirement of shariah.
Saturday, September 4, 2010
Islamic gold dinar gains ground
Sat Sept 4, 2010 - KUALA LUMPUR: Malaysians are embracing gold dinars which were introduced last month by Kelantan to promote usage of Islamic currency as an alternative to paper money, an official said today.
The gold coins and silver dirhams were introduced in early August by PAS to coincide with the start of the Muslim holy fasting month of Ramadan.
Umar Ibrahim Vadillo, chief executive officer with Kelantan Golden Trade, said the first batch of gold and silver coins worth RM2 million had been sold out in less than a month.
"There is enormous response in Malaysia. Their reaction is unbelievable," he told reporters.
Tuesday, August 31, 2010
Global Uncertainty Drives Demand For Gold
VOAvideo | August 30, 2010 reports Demand for gold is expected to rise as a weak US dollar and persistent fears of a double dip recession weigh on investors. Despite falling slightly from historic highs earlier this year, the precious metal remains a safe and attractive investment. Analysts expect the price to stay strong for the rest of the year, thanks in part to accelerating demand from India and China. Mil Arcega reports.
Monday, August 16, 2010
KELANTAN LAUNCHES DINAR & DIRHAM ON 12TH AUGUST 2010
This is the first time in the last 100 years, since the fall of the Ottoman Caliphate, when a Muslim government introduces Shariah Currency. Indeed there has been four generations of Muslims who have not seen Gold Dinar and Silver Dirham; four generations of Muslims who have been divided into little national reservations and sentenced to permanent robbery first by local, then by international Masters of Riba; four generations of Muslims who haven’t known what is their Deen. The introduction of Gold Dinar and Silver Dirham in the state of Kelantan is not a new idea or experiment, it is the return to the medium of exchange that has been known for 1400 years throughout Dar al-Islam as Money of Shariah taking its legislation from Allah’s Revelation and Rasul’s Sunnah.
Thursday, July 1, 2010
Gerald Celente: Go for the gold!
RTAmerica | June 30, 2010 - As the economy continues to struggle, the dollar has become more of an issue with its unstable behavior. Gerald Celente says that the dollar is an unreliable international currency and should be replaced by a more stable system. He also adds that the only stable market is gold, as the economy worsens gold's value will continue to increase.
Sunday, June 20, 2010
Gold new high in America!
June 18, 2010 — Ted Anderson drops by to talk with Alex about why gold is taking off the way it is and how far it may go. Now is the time to buy gold while you can before it goes to the next level.
Tuesday, June 8, 2010
Gold Advances to a Record in New York, London on Haven Demand.
By Nicholas Larkin
June 8, 2010 (Bloomberg) -- Gold rose to a record in New York and London as investors sought an alternative to currencies amid mounting concern over Europe’s debt crisis.
Bullion also hit highs in euros, sterling and Swiss francs after the region’s common currency yesterday slipped to its lowest level in more than four years against the dollar amid speculation that debt-cutting measures by European nations will slow growth. European equities fell and Fitch Ratings said the U.K. must deepen budget cuts to protect its top credit rating.
“It shows low confidence in the euro zone,” said Bernard Sin, head of currency and metals trading at bullion refiner MKS Finance SA in Geneva. “There’s no confidence in euros, dollars and no confidence in other currencies. The only solution is to be on the safer side, which is gold.”
Chinese dumping worthless currency for gold.
liarpoliticians — May 17, 2010 — The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western governments have done to their paper currencies.
Peter Schiff Buy Gold it could go to $10 000/oz
PeterSchiffChannel — May 13, 2010 — Peter Schiff Buy Gold it could go to $10 000/oz CNBC:
Sunday, May 23, 2010
Wednesday, May 12, 2010
Gold strikes new record high on Europe debt woes
Wed, May 12, 2010 at 11:43 | Source : Reuters
Gold struck another record high above USD 1,230 an ounce on Wednesday on safe haven buying as investors bet the euro zone debt crisis could spread beyond Greece.
Jewellers cashed in on the rally and dealers noted a pick up sales of scrap in Asia, which could curb further gains. But any correction could be limited as a USD 1-trillion European rescue package had done little to ease fears of euro zone debt contagion.
Tuesday, May 11, 2010
Gold Trading At Record High For Numerous Reasons
Chuck's Commodities Blog | Tuesday May 11, 2010
Gold prices would normally retreat after the financial markets stabilize from a recent financial crisis, but not this time. Gold prices plowed ahead to close at a record high and the market continues to move higher in after hours trading. June gold futures are trading at $1,233 an ounce as I am writing.
The U.S. stock market returned to business as usual this week after a major bailout in Europe. This stock market loves it when problems are set aside to worry about in the future. The gold market is really loving this situation as gold investors know the problem down the road is just going to get bigger and that spells higher prices for gold.
Wednesday, May 5, 2010
"Paper trading" causes Global food bubble!
REASON FOR FOOD HIKE : DRIVEN BY FINANCIAL SPECULATION IN THE COMMODITY FUTURES. not supply & demand factors. Basically to compensate losses due to sub-prime market.
Monday, February 22, 2010
Monday, February 8, 2010
'worthless' dollar & Gold 'the Savior'
February 05, 2010 | Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust.
Tuesday, February 2, 2010
Gold Stocks versus Gold Bullion
Steve Saville | email: sas888_hk@yahoo.com | Feb 2, 2010
Below is an excerpt from a commentary originally posted at www.speculative-investor.com on 31st January, 2010.
Below is an excerpt from a commentary originally posted at www.speculative-investor.com on 31st January, 2010.
It is widely believed that gold stocks offer leveraged exposure to changes in the gold price, but this belief is false. At least, the historical record suggests that it is false on a long-term basis. As evidence we include, below, a chart of the BGMI/gold ratio covering the past 50 years (BGMI is short for Barrons Gold Mining Index).
Tuesday, January 19, 2010
The Dollar Bubble.
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse.
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