2012 : OUTLOOK FOR GOLD PRICES - CCTV News

Uploaded by cctvnewsenglish on 28 Dec 2011 - Gold prices have fallen 16 percent since reaching a record high, above 1,900 U.S. dollars an ounce in September. But 2012 looks to be another glittering year, with many analysts and institutions predicting gold prices will again rise.

Goldman Sachs says gold prices will continue to go up, and will average one thousand 940 dollars per ounce over the next 12 months. Meanwhile, Citigroup's metals expert says gold could appreciate to three thousand 400 dollars in the next year or two. Although gold's decline has shown extreme risk aversion on the market, the analyst at Deutsche Bank says they see a recovery in gold prices next year.

2012 Precious Metals Outlook with Jim Wyckoff

Uploaded by KitcoNews on 16 Dec 2011 - As part of the Kitco News "Precious Metals Outlook 2012", Jim Wyckoff brings us this special edition of "Technically Speaking" to present us with his outlook for 2012.

European debt crisis boosting gold demand.

Video site : http://bloom.bg/vXT2UM#ooid=BzN3AwMzpcCMOD6qX87jPaS9E_1nLygZ Marcus Grubb, managing director of investment research at the World Gold Council, talks about the outlook for gold after demand rose 6 percent in the third quarter from a year earlier. He speaks with Owen Thomas on Bloomberg Television's "Countdown." (Source: Bloomberg)

Rising silver & gold demand in China.

Uploaded by hjmanan on 20 Nov 2011 - Banking in China.

Gold Rush Hits US House Parties

Uploaded by VOAvideo on 15 Nov 2011 - As world financial markets rise and fall, interest in gold holds fast. As interest in buying gold has spread, so has the popularity of gold parties, where participants sell their golden treasures and walk away with cash. 

Gold found in South Africa mine's waste

Uploaded by AlJazeeraEnglish on Nov 4, 2011 - In a single gold mine in South Africa, an expected $2.2 billion worth of gold can still be extracted from just one dump site's waste material.Using water cannons and chemical treatements, a single mine can hope to extract about 3 grams in every tonne.

 It may not sound like much but if there is 140 million tonnes of waste lying around - the numbers start adding up. High prices means all the effort that goes into sourcing the precious metal may well be worth it.

Germany 4.0 Making its Mark.

Uploaded by RussiaToday on 3 Oct 2011 - the return of the deutschemark is imminent.

Gold rush ravages Malaysian forest!

Uploaded by AlJazeeraEnglish on 29 Sep 2011 - Malaysian forestry officials have warned that illegal mining is polluting rivers, causing soil erosion and damaging trees in the country's pristine forests. Mining for gold has been taking place in Malaysia's southern state of Johor since the 1960s, but as gold prices have soared in recent months the hunt for the precious metal has intensified.

Gold starting to lose glitter following slump.

Uploaded by AlJazeeraEnglish on Sep 26, 2011 - After hitting a high of $1,900 an ounce in early September, the price of gold has fallen to just above $1,500.European policymakers are struggling to resolve the region's debt crisis, and such fears would normally drive the price of gold higher.But with the commodity already at such lofty heights, many investors now feel the only really safe bet is cash itself, and hence the selling.

Gaddafi gold-for-oil,

dollar-doom plans behind Libya 'mission'? Uploaded by RussiaToday on May 5, 2011 - More speculation has been raised on the reasons for NATO's intervention in Libya. As RT's Laura Emmett reports, the organisation may have been trying to prevent Gaddafi from burying the American buck.

Gold Chart - Last 10 years

the USA dollar since sept 2001 is now worth only 14.3 cents , when compared to the price of gold over the last ten years , clearly the entire world no longer trusts nor wants the USA dollar.

Gold Chart - Last 10 years

Gold ATM sure to make a mint

Uploaded by ReutersVideo on 24 Sep 2010 :: As gold nears $1,300 an ounce, now $1,800+ (3rd Sept 2011) "Gold to go" unveils its first gold dispensing ATM in Europe at Madrid´s Westin Palace Hotel . 

   

Goldvein, Virginia : Gold Prices Luring Many to Start Prospecting

Uploaded by VOAvideo on Aug 25, 2011 - As gold prices continue to rise around the world, there is renewed interest in panning for gold in certain parts of the United States. In the late 1800's the state of Virginia had a thriving gold-mining industry. Today there is still gold to be found in the streams of central Virginia. The lure of easy money is drawing many to buy prospecting equipment and head into nearby streams. But as Jeff Swicord reports from Goldvein, Virginia, striking it rich is not that easy.

Gold rises as Asian markets slide

Uploaded by AlJazeeraEnglish on Aug 19, 2011 - For investors in this economic climate, it seems that all that glitters is gold. The cost of the precious metal hit an all-time high on Friday after its seventh consecutive weekly gain. The metal has already risen by 14 per cent in August.It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific.

Casino Capitalism Centers failures makes gold stronger.

Published on Aug 18, 2011 by Euronews - The world financial markets have again been taking a beating due to renewed worries about recession and Europe's debt crisis. European bourses suffered their biggest daily fall in two and a half years - with the top 300 shares down five percent at the close. The sell off was on both sides of the Atlantic - with the Dow Jones Industrial Average down around four percent for most of the session - made worse by a decline in factory activity in the US Mid-Atlantic region and an increase in the number of Americans claiming new jobless benefits last week.

Gold Hits New Record After Chavez Announces Plan To Pull Reserves From US, European Banks

Thursday, August 18, 2011

Despite a report from the World Gold Council showing that demand for the precious metal has subsided, gold soared to a new record high today on the back of another stock market plunge and an announcement from Venezuelan President Hugo Chavez that the country’s gold mining industry would be nationalized.

Gold touched a new record high of around $1827 dollars an ounce as the Dow Jones plunged by 500 points in early trading.

Gold soared to new heights even in the face of aWorld Gold Council report that said demand was down 37% year on year.

However, the report noted that there was “increasing acceptance of higher price levels” globally, which explained a modest 3% fall in recycling gold on the supply side.

Although today’s new high for gold is obviously being driven by a flight to safety as the stock market crumbles, Hugo Chavez’s announcement last night that he was to nationalize the country’s gold mining industry undoubtedly has had an impact on today’s trading.

Prison Planet - read full posting

2011 Gold Rush Is On

VOAvideo on Aug 11, 2011With the price of gold hovering around $1,800 an ounce, gold buyers haven't been this busy in many years. In New York, the buyers and traders of gold have a standing room only business. VOA's Bernard Shusman in New York City reports.

Gold New High

Thurs 11 Aug 2011

Market jitters cause Thai gold rush.

Uploaded by AlJazeeraEnglish on Aug 10, 2011 - Thailand is taking part in the global gold rush. Concerns over the global recession and debt crisis in Europe and the US prompted many Thais to buy gold as a safe haven amid market jitters across the region. There is so much demand for it that the Thai Gold Traders Association says some shops have run out. Al Jazeera's Veronica Pedrosa reports from the capital Bangkok.

'Greek default hype part of Euro vs Dollar global currency war'.

RussiaToday on Jul 22, 2011 - A major U.S. credit agency says it will downgrade the Greek debt to 'default status' as a result of the second bailout for the country. The plan agreed by EU leaders, includes both government and private loans totaling around 150 billion euros. For a broader discussion on the state of the European economy we're joined live from Germany by William Engdahl, author of 'Gods of Money'.

USD & World Trade - The Theft Under Our Nose.

The US have stole the world resources by giving valueless paper in return. They stole at least USD 14 trillon worth of world resources and still the world is missing the plot. USD14 trillion is USA's total debt as at May 2011 and its growing at USD1 trillion p.a This means every year USA steals USD1 trillion worth of our resources under our nose by printing paper currency and the world is still blind to the theft.

If only the Muslim world wakes up. If only the Muslim world finds an alternative other than USD in trades between itself. It will begin to at least stop some of the thieving. If only the Muslim world becomes a common market. In trades with non Muslim countries it can first try barter trade. When that limit has been reached exchange of each others currencies. And when forced then can use yuan or euro cautiously lest they become another USD. Muslim intellect must sit and discuss solutions to this problem.

But this will never happen when we have Muslim nations in blind support of the US. Much of these nations' investments are in the US including real property. It is difficult to dethrone the USD in the light of such fundamental compromises of principles.

read full post 

BRICS credit: Local currencies to replace dollar.

SANYA: Brazil, Russia, India, China and South Africa - the BRICS group of fastest growing economies - Thursday signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.

The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit here attended by Indian Prime Minister Manmohan Singh, China's Hu Jintao, Brazil's Dilma Rousseff, Russia's Dmitry Medvedev and South Africa's Jacob Zuma.

"Our designated banks have signed a framework agreement on financial cooperation which envisages grant of credit in local currencies and cooperation in capital markets and other financial services," Manmohan Singh told reporters at a news conference with other BRICS leaders.

Gold Value Soars.

VOAvideo on 10 Jun 2011 - Mounting debt in the United States and default worries in Europe remain a concern for the global economy. And recently, a United Nations report warns of a possible collapse of the dollar. Meanwhile, the value of gold is at record levels, prompting some to say that countries should consider selling their gold to pay off debt. But many experts disagree with such a strategy. VOA's Philip Alexiou has more in this report.

Why Gold Is Going Higher?

While there are many reasons that gold and silver are going to keep moving higher as the fiat currencies trend lower, at our recent Casey Research Summit in Boca Raton, faculty member Mike Maloney pointed out a fact that, while obvious in hindsight, I had never heard mentioned previously.

Namely that during the last major precious metals bull market in the 1970s, only about 10% of the world could own gold – either due to legal restrictions or a lack of liquid capital.

Today, few countries prohibit gold ownership, and a far higher percentage of the world’s population has transitioned out of poverty.

China provides the most germane example, having legalized gold and silver ownership for private citizens in 2004, and through the explosive growth in national GDP that has caused Chinese gold purchases to skyrocket.

Confirming the point, the following is an excerpt from a recent Wall Street Journal article:

 Read full report :

Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone.

May 31, 2011: Sorcha Faal, and as reported to her Western Subscribers

A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn [photo with Putin top left] was charged and jailed in the US for sex crimes on May 14^th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox [photo 2^nd left] was ‘missing and/or unaccounted’ for. 

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies. 

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location. 

Once Strauss-Kahn was safely boarded on an Air France flight to Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.

Gold rush: All change for the world's favourite metal.

Gold's position as the ultimate storer of value has remained largely unchallenged for centuries.

The metal's rarity not only meant it became a recognised and trusted form of payment, but also bestowed upon it an almost mystical allure.

This came about not through historical accident or coincidence, but for the simple reason that nothing else fitted the bill; almost every other element is either too common, reactive, corrosive or gaseous. And most of those that aren't are just too scarce.

Throughout history emperors, kings and queens, governments, central banks and investors have trusted gold to maintain its value.

This is simply because gold is a physical asset with a finite supply, unlike cash, equities and bonds, which can be printed or issued at will.

For investors, therefore, it has always been seen primarily as a good hedge against inflation - traditionally, few people bought gold to make money, simply to protect themselves against losing it.

Price surge

But all this is changing. Gold has risen in value every year for the past 10 years, during which its price has risen fivefold to more than $1,500 an ounce.

No longer, therefore, is gold seen simply as a way to store value, but as a genuine investment opportunity offering the potential to make a serious return.

BBC  15May 2011 - read full report 

Gold Price New High.

Apr 25, 2011 - Is US Greenbakcs going down the drain & taking all paper monies with it?

Gold, Silver Set Record High on China Buying Bets

Commodities – Metals

Spot Gold (NY Close): $1506.85 // +0.60 // +0.04%

Prices gapped higher through resistance at $1508.95, the 200% Fibonacci extension of the 3/7-3/15 downswing, to challenge the top of a rising channel in place since mid-March. A break above this boundary exposes the 238.2% Fib at $1533.44. The 200% Fib level has been recast as near-term support.

Precious metal prices soared in overnight trade following a report from Century Magazine that claimed China plans to invest some of its more than $3 trillion in FX reserves in various assets including energy and precious metals. PBOC chief ZhouXiaochuan has said the current build-up has exceeded “reasonable” levels, while independent reports have pegged the “right” amount of FX reserves for China at no more than $1.3 trillion.

Spot Silver (NY Close): $47.25 // +0.65 // +1.40%

Prices gapped above resistance at the top of a rising channel in place since late January, setting a new record high at $49.78. The metal is now in uncharted territory, making forecasting decidedly difficult, but deeply overbought relative strength studies suggest the threat of reversal is increasingly high. The channel top, now at $46.91, stands as near-term support.

The short-term directional correlation between gold and silver remains firm, suggesting the two metals will continue to move along the same trajectory. The gold/silver ratio has set a new record low however, meaning the cheaper metal is likely to continue outperforming its more expensive counterpart.

Daily FX | 25 April 2010 - read full post

GOLD RECORD HIGH

Monday Apr 18, 2011

A Comeback for the Gold Standard?

40 years after the U.S. abandoned the gold standard, it may be starting a comeback. As the dollar's status as reserve currency continues to waver, rivals like the precioous metals, Chinese Yuan, Euro, and SDRs are vying for top spot.

JP Morgan recently started accepting gold as collateral for clients. Today Utah legislation was introduced that would allow gold and silver coins to serve as currency. Slowly, the gold standard is making a comeback.

Fox News reports on the possible return on gold and silver as currency in America.

The Utah House was to vote as early as Thursday on legislation that would recognize gold and silver coins issued by the federal government as legal currency in the state. The coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.

The legislation, which has 12 co-sponsors, would let Utahans pay their taxes with gold and also calls for a committee to study alternative currencies for the state. It would also exempt the sale of gold from the state capital gains tax.

Wealth Wire : Read Full Report