Brazilian Billionaire Batista bests Beaty for controlling interest of Ventana Gold
October 8, 2009 by goldguru · Leave a Comment
Junior gold mining’s hottest stock has attracted two substantial competing suitors most junior explorers can only dream about. Read more….
Capital Gold Group Report: GOLD RISES TO RECORD AS INFLATION OUTLOOK FUELS INVESTOR DEMAND
October 7, 2009 by goldguru · Leave a Comment
Oct. 6 (Bloomberg) — Gold rose to a record on speculation that inflation will accelerate and erode the value of the dollar, boosting the appeal of the precious metal for investors seeking to preserve their wealth. Gold futures climbed as high as $1,038 an ounce in New York, topping the previous record of $1,033.90 in [...]
The New Gold Buyer
September 29, 2009 by goldguru · Leave a Comment
The Daily Reckoning “Gold is rising because the post-Breton Woods exchange rate system doesn’t work,” Eric Roseman, our colleague over at the Commodity Trend Alert, matter-of-factly declares. “More than ever, governments are piling up debts, as a result of bailing-out their respective banking systems. There is a price to pay for this profligate spending. And [...]
Highland Gold boosts H1 profit, plans mine launch
September 22, 2009 by goldguru · Leave a Comment
London-listed Highland Gold Mining’s first-half net profit was up 70% after its Russian mine produced more gold, it cut costs and benefited from a foreign exchange gain, the company reported on Tuesday. Highland, whose shareholders include billionaire Roman Abramovich and Barrick Gold, the world’s biggest gold miner, said profit after tax rose to $38,1-million in [...]
Pimco Says Dollar to Weaken as Reserve Status Erodes
August 19, 2009 by goldguru · Leave a Comment
By Garfield Reynolds and Wes Goodman Aug. 19 (Bloomberg) — Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy. The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in [...]
UBS May Pass Data on 4,450 Accounts to U.S. in Tax Settlement
August 19, 2009 by goldguru · Leave a Comment
By Elena Logutenkova Aug. 19 (Bloomberg) — UBS AG, Switzerland’s largest bank, may give information on 4,450 accounts as part of an agreement between the Swiss and U.S. governments to settle a lawsuit that sought data on American clients suspected of evading taxes. Switzerland pledged to process a new administrative assistance request from the U.S. [...]
Become An INSTANT Billionaire!
May 22, 2009 by goldguru · Leave a Comment
To measure ones wealth, the “price” of ones assets is not very important but the “purchasing power” or “relative value” is very important. Understanding this difference may be one of the most important concepts an investor can learn. Read more….