Gold to Silver ratio : 3 months chart - 11.25.2010

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 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

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.

By Rujun Shen - SINGAPORE | Thu Nov 18, 2010 : Read Full Post

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

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.

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.”

Read full report:

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.

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  :