What bubble? Mr. T’s new gig shows public is selling, not buying gold

Pity the Fool Who Doesn’t Invest in Gold By Thomas Kaplan The New York Times Thursday, October 14, 2010 http://dealbook.blogs.nytimes.com/2010/10/14/pity-the-fool-who-doesnt-in… The price of gold continues to rise, so it is only fitting that — of all people — Mr. T is cashing in. Wearing a camouflage shirt, American flag-motif trousers, and (obviously) many, many gold [...]

Why Soros Is Probably Buying Gold Now

Peter Cooper submits: Given the moves by rival hedge fund managers like John Paulson into the yellow metal, it would be surprising if that living trading legend George Soros is not buying gold at the moment. Indeed, you should always buy when this man hints he might be selling. His comments at the World Economic [...]

China urged to avoid open markets when buying gold

That’s the objective of all central banks: avoiding open markets in gold. * * * China Needs to Buy Gold in Long-Term, Industry Executive Says By Chikako Mogi, Reuters SHANGHAI — China has the scope to step up gold purchases but should take a long-term approach, avoiding the open market, a Chinese industry official said on [...]

Is everybody buying gold — or selling?

Gold Acquires New Investment Aura By James Quinn, The Telegraph When HSBC closes its vaults to hundreds of American gold bugs (investors) next July, it will be shutting the door on one of the fastest growing trends in the investment community. Although the British-based bank has decided to stop retail investors depositing the shiny stuff at [...]

Super-rich seen buying gold, selling hedge funds

By Steve Lodge, Financial Times The investment preferences of the world’s wealthiest families have shifted significantly in favour of gold and other commodities and away from hedge funds in the wake of the financial crisis, according to a survey of family offices and advisers of the super-rich. Two-thirds of the 100 respondents to a survey by [...]

Slideshow: 11 Ways to Invest in Gold

The Daily Reckoning With gold at about $1,060 an ounce, and numerous forecasts of much higher prices, it logically follows that investors would consider a wide variety of avenues for claiming a stake. Of course the options range from buying gold bling to speculative gold-related alternative investments, and today, The Money Game picks 11 top [...]

India’s Gold Man

The Daily Reckoning We just visited India’s biggest gold market maker. We entered a decrepit building with towering slums around it. We got in a creaky elevator little bigger than a phone booth, with an attendant who opens and shuts the door. The elevator looked about a hundred years old. We got to our floor [...]

Greenlight’s Einhorn Predicted Lehman Brothers’ Fall; Buying Gold

By Jennifer Ablan and Joseph A. Giannone Mon Oct 19, 2009 5:17pm EDT NEW YORK, Oct 19 (Reuters) – David Einhorn, the hedge fund manager who had warned on Lehman Brothers’ precarious finances, on Monday said he is buying gold and betting that interest rates will rise as he lambasted the U.S. government’s financial chiefs [...]

Boomers Have Their Backs Against the Wall

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

Buying Gold Bullion

There are a great many investors who deserve to feel a tremendous amount of self-satisfaction today, as independent thinking, and faith in their own judgment has rewarded them with far more than fiscal gains. Many of these investors were buying gold bullion long before our current economic trend, and all of these bold minded thinkers [...]

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