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

Golden Times :: euro zone sovereign debt woes still on.

...Silver, gold prices up on global crisis fears

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.

Silver's Up - Keep It Up!

Watch the full 101 Episode of the Keiser Report on Tuesday!

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

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.

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  :

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

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.

Currency Wars, The Point of No Return.

September 24, 2010:

Gold and Silver Are Sounding The Alarm!

Precious Metal Profits Will Be Epic!- October 15, 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.