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.

KELANTAN LAUNCHES DINAR & DIRHAM ON 12TH AUGUST 2010

Kelantan Gold Dinar Trade:

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.

Link - Launch of the world Islamic Currency : Shaykh Dr Abdalqadir Assufi

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.

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.

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:

GOLD BREAKOUT!!! Gold seeking divorce from fiat currency.

Be the First to see Meltup - MELTUP

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.

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.

"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.

From wage slave to Debt Slave...

'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.

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.

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).

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.

Gold is money in extreme times, have they arrived?

It was Alan Greenspan who said that, “gold is money in extremis”. By this all understood that when times got tough, gold became money that people could trust. But what constitutes “in extremis”?
 

History, with hindsight, usually finds it easy to answer such a question. Event with hindsight such a precise tool, it is of no use to investors who don’t have the privilege of using it. For instance it is clear that a year before the last war, no, almost 5 years before the last World War, it was clear that the world was on the path to the war. One year before the war started the Prime Minister of Britain came back from Germany with the cry, “Peace in our time” heralding his belief that there would be no war. On the ground, opinions were divided right up until Germany marched into Poland.

Sudan digs for gold as prices rise

At least one-quarter of Sudan could be rich territory for gold mining, making it a hot-spot for foreign companies exploring there.

In recent years, individual mining has reached unprecedented proportions and figures indicate that at least 50,000 people are believed to be working in Sudan's northern desert.

Gold prices will keep rising, says Newmont boss Richard O'Brien

NEWMONT Mining chief executive Richard O'Brien says gold may rise to $US1350 ($1454) an ounce next year and reach as high as $US1500 within two years because of the declining dollar and new investment demand.

"I'd say next year we could maybe see as much as a $150 improvement," Mr O'Brien said.

Gold price slumps as dollar strengthens

The gold price has slumped after surprisingly good US unemployment data sent the US dollar higher, making gold a less attractive investment.

Gold fell more than $76, or 6%, to $1,150 an ounce, down from a record high of $1,226.56 in early trading.

After figures showed the US jobless rate falling, the dollar gained 2% on the Japanese yen and 1.3% on the euro.

Gold has hit a number of record highs in recent weeks as the dollar weakened due to low interest rates in the US.

Gold hits yet another record high

The price of gold has struck yet another record high as the dollar continues to weaken.

Renewed vigour in early trading in London pushed gold to a new high of $1,217.23 an ounce. It has hit a number of new highs in recent weeks.

Other precious metals have also rallied strongly. Silver, at $19 dollars an ounce, is 5% off its all-time high.

Demand for gold is being driven by two main factors - a weak dollar and investors' appetite for safe assets.