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China Gold Imports Increase Five- or Six-fold
There’s been lots of news about China, India, and gold in recent days as imports, investment demand, and prices are…
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There’s been lots of news about China, India, and gold in recent days as imports, investment demand, and prices are…
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Another update of the chart below that last appeared in this section about four months ago (see Volume V, Issue 22) is in order after the recent rise in the price of gold to a new all-time high, the surge in gold and silver mining stocks in general, and the near vertical course that has … Continue reading
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Writing for the Vanguard Blog, John Ameriks offers these thoughts about how the world’s smartest investors are foolishly piling into gold and how some of the richest people in the world are deluding themselves if they think the metal will help preserve their wealth. We’ve been hearing a lot about gold over the last few months, … Continue reading
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Source: http://timiacono.com/index.php/2010/07/16/one-step-closer-to-de-flation/#more-6331 The Labor Department reported that consumer prices fell 0.1 percent in June, down for the third straight month, paced by further declines in energy prices. On a year-over-year basis, the government’s measure of annual inflation fell from 2.0 percent in May to just 1.1 percent in June, the lowest level since last October … Continue reading
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Ambrose Evans Pritchard writes in the Telegraph about what might be coming from the Federal Reserve, hearkening back to the days when Ben Bernanke was fresh out of academia, set to apply all that he had learned about the real world after having just entered it. As recovery starts to stall in the US and … Continue reading
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The popular SPDR Gold Shares ETF (NYSE:GLD) has seen some huge additions to the “tonnes in the trust” in recent days, 16.7 tonnes showing up on Monday and 30.4 tonnes added yesterday, the biggest single-day increase since February 2009. So far this year, a total of 134 tonnes have been added to the trust, nearly … Continue reading
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The “tonnes in the trust” at the popular SPDR Gold Shares ETF (NYSE:GLD) rose by another tonne yesterday, the latest in a series of small additions in recent weeks, bringing the total to within three tonnes of the all-time high set last June at 1134 tonnes. Interestingly, the entire move up last fall in the … Continue reading
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If there is one man in the nation’s capitol who maybe isn’t too unhappy about Treasury Secretary Tim Geithner being in the news today, it’s probably Fed Chairman Ben Bernanke who delivered a speech titled Monetary Policy and the Housing Bubble over the weekend, a topic that continues to generate a lot of discussion at … Continue reading
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Gold bashing nonsense from Bloomberg.
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If Gold is in a bubble, then it was in 2006 and 2008. That is atypical of a real bubble, that pops and doesn’t reinflate.