With the dollar moving solidly lower and gold and silver rebounding, today acclaimed money manager Stephen Leeb said that more and more fund managers are telling him they are buying physical gold with their own money, not GLD, and they are storing it themselves or in a vault outside of the banking system. Below is what Leeb had to say in this powerful interview.
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Gold 1369.38
 -14.97Silver 21.7 -0.18Platinum 1437  2.5 |
Egon von Greyerz told King World News that delays from Swiss gold refiners have expanded to a stunning 5 weeks. KWN readers need to remember that the Swiss refiners refine over 75% of the world’s gold supply. Greyerz also discussed what is happening with gold demand in other key markets.
“Eric, the world has no idea what’s going to hit it. The majority of people today in the West... read more
Gold demand picked up in Korea as some banks have started carrying gold in their branches as there are increasing demands from private banking customers.
SEOUL(BullionStreet): Four years after it’s introduction, South Korea's 50,000 won currency joined gold to become hot favorite among Korean people.
According to Bank of Korea during th... read more
A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves.
In fact, many of the things that are happening right now... read more
“I would have expected a stronger number,” says Commerzbank analyst Carsten Fritsch, “but that is difficult when not enough gold is available.”China’s monthly gold import numbers are just in… and they’ve confounded expectations. First, the essential background on these obscure but highly revealing figures. If it’s old hat to you, please indulge newe... read more
Two weeks ago, with its current account getting crushed by relentless gold imports, India's finance minister Chidambaram literally begged the people to stop buying gold [8]. Judging by the popular response, the ongoing physical shortage, and last night's increase in Indian g... read more
Since the gold price crash in April there has been wide debate about how the gold market works. Analysts have contrasted paper gold versus physical gold, urging that the different parts of the gold markets offer very different services to investors. Conspiracy theories have also abou... read more
CNBC takes you behind the scenes of the mint in West Point, NY.
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Gold is gearing up to make a huge move one way or another. So which way will it go?
Buyers continue to test the crucial level of $1,422. In the event that $1,425 prints, shorts and those standing vigilant should briskly drive prices back above $1,450, sending gold on its way to test the multiyear l... read more
