After getting a sneak peek at Buffett's Annual Letter, I decided to write this essay as it is my humble opinion that Buffett has taken his view of gold to a level that is more sophism and rhetoric than factual while completely disregarding gold's historical role as a medium of... read more
|
Gold 1779.28
 3.36Silver 34.66 0.37Platinum 1728.03 4.05 |
Eric Sprott, the founder of Sprott assets management has repeatedly said that gold was the investment of the last decade but silver will be the investment of this decade, and by looking at some of the fundamentals he might just be right.
There is currently an equal amount of investment money going into read more
Before I say some negative things about silver (SLV), let me first say that now is likely a great buying opportunity. In addition to the main theme that has been driving silver for the past 11 years -- a global sovereign debt crisis leading to demand for precious metals as monetary assets, as well as increasin... read more
Gold’s London AM fix this morning was USD 1,715.50, EUR 1,295.21, and GBP 1,084.25 per ounce.
Yesterday's AM fix was USD 1,733.00, EUR 1,304.77, and GBP 1,094.20 per ounce.
The pattern of gold trading higher in Asia and falling just before or at the open in Europe continued again today. Gold ticked a little higher in Asian trade prior to sharp falls before the open at 080... read more
NEW YORK (CNNMoney) -- A growing number of states are seeking shiny new currencies made of silver and gold.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explor... read more
With January wrapping up, I’ve looked at some of the sectors in the market to see their relative performance. The January flow of money is interesting to note, as this can indicate where the big funds are placing their bets for the rest of the year. As the clock ticked over into the New Year, the results are that silver and gold have been the big winners in January.
Silver wa... read more
SINGAPORE (Dow Jones)--Gold edged higher in Asia Thursday, trading at its highest level since early December, as speculative buying and physical demand held firm.
Spot gold was trading at $1,745.50 a troy ounce at 0540 GMT, up $2.50 from its previous settlement and up around 12% since the start of the year.
A trader in Singapore said Asian speculative demand is returning to gold foll... read more
According to the latest estimates from the consulting firm PricewaterhouseCoopers (PwC), in 2012 automobile production will hit a new record high – the third year in a row such records have been attained. This year international automobile producers will use roughly 6.22 million ounces of palladium – read more
The Federal Reserve sparked a huge rally in precious metals markets on Wednesday when it forecast super-low interest rates for the next three years and hinted at more money printing to come; the gold price surged more than $50 an ounce within about an hour and silver jumping almost $2 an ounce.
The yellow metal is now off to its best start to a year since 1980 when prices rose nearly 70... read more
BEIJING -- A gold rush swept through China during the week-long Lunar New Year holiday this year, with demand for precious metals and jewelry surging since the Year of the Dragon began.
Sales of gold, silver, and jewelry rose 57.6 percent during the week-long holiday at Caibai, one of Beijing's best-known gold retailers, according to data released by the Ministry of Commerce on... read more
