Greenlight Holds Bullion A $5 billion hedge-fund firm switched its entire holding in the Gold ETF to physical gold bullion. During the first quarter the firm held 4.2 million shares of the SPDR Gold Trust. New law boosts gold bar sale in South Africa Until recently it was illegal for South Africans to hold unwrought [...]
Courtesy of Commodity Online Demand for silver investments is heating up in 2009. “The rise in silver prices has also been largely thanks to a fresh wave of investment demand, as funds and other investors buy into silver futures and physically backed exchange-traded funds (ETFs), ” Reports Commodity Online. “The growth in investment demand for [...]
“I am a big time Gold stock bull based on the deflationary depression that I believe has already begun (for those who don’t understand why deflation is good for Gold miners, look here). The stock market is a dangerous place to be right now and there’s no rush to speculate on the upside right now. [...]
“Gold bulls have been having a tough couple of weeks. The yellow metal has taken it on the chin as the U.S. dollar rallied hard. Many market analysts are rushing to say this shows that gold just can’t get above $1,000 an ounce. Some prominent gold watchers are giving up in disgust,” Reports Sean Brodrick [...]
Russian President Dmitry Medvedev told a regional summit that the creation of new reserve currencies in addition to the dollar is needed to stabilize global finances. This comes on the heels of Russian Finance Minister Alexei Kudrin who stated just yesterday that the dollar’s status as the world’s main reserve currency wasn’t likely to change [...]
Courtesy of Jeff Neilson of Bullion Bulls Canada I was just alerted by a reader to an exciting new opportunity for U.S. investors to get access to Canadian “junior” precious metals miners – and the explosive, profit-potential which they represent. This new ETF will be offered by Van Eck Global. It is not their first [...]
Goldseek.com There are a lot of myths and “old wives’ tales” out there about Gold and the frequently accompanying topics of inflation and deflation. In no particular order, I’d like to debunk three big ones with facts rather than universally accepted catch-phrases that prey on lazy investors and speculators. 1. “Dollar down, Gold up” or [...]
Gold rose Tuesday, trading above $980 an ounce as the dollar fell to the lowest level against the euro in more than five months and lost ground against other major currencies, raising gold’s investment appeal. The dollar index (DXY), which measures the performance of the greenback against a basket of global currencies, declined for a [...]
Underground investor David Fessler, writing at Investment U, says the four best hedges against inflation are gold, inflation-adjusted Treasuries, energy stocks and commodities such as wheat, metals, cattle and fertilizer. 1) Gold David recommends investors hold 5% of their portfolio in gold to hedge against a declining dollar and an inflationary economy. He says investors [...]
Tom Lydon of ETF Trends Fears about the economy have been slowly abating, yet gold exchange traded funds (ETFs) and the metal itself haven’t shown many signs of waning interest. What’s happening here? Many analysts say that the precious metal is expected to keep trading above the $900 per ounce mark, and the prospects for [...]