Tuesday, July 23, 2013

Gold Rises to Record as Dollar’s Slump Spurs Investment Demand

October 14, 2009 by · Leave a Comment 

By Pham-Duy Nguyen and Nicholas Larkin Oct. 13 (Bloomberg) — Gold futures rose to a record as the slumping dollar spurred demand for the precious metal as an alternative asset. The metal is on course for a ninth straight annual gain. This year, gold has gained 20 percent. Today, the price reached a record $1,069.70 [...]

DOLLAR REACHES BREAKING POINT AS BANKS SHIFT RESERVES; LOSES 10.3% IN SIX MONTHS

October 12, 2009 by · Leave a Comment 

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

Time to Cash In?

September 17, 2009 by · Leave a Comment 

GoldSeek HRA Journal Commentary – Part II, September 2009 The overall market tone remains bullish though volumes are still light.  It’s an impressive turnaround from the “world is ending” scenarios being outlined only a few months ago. Many more analysts and commentators have turned bullish in the last couple of weeks. While the bearish population is still healthy, [...]

2000-P Sacagawea Cheerios Dollar

September 10, 2009 by · Leave a Comment 

Only in America would there be cash in a cereal box as a prize. This is the case for the now famous 2000-P Sacagawea Cheerios Dollar. To a surprised coin collector, not only are these coins free with the purchase of a box of cheerios but they are unique and collector’s items. Absent from all [...]