Good thing Iran hasn’t the wit to buy gold and take delivery

Iran to Expunge ‘Dirty’ Dollar and Euro Reserves By Ali Akbar Dareini The Associated Press via Google News Monday, August 9, 2010 http://www.google.com/hostednews/ap/article/ALeqM5hEhR845G1QgnUehgXPZUpQ… TEHRAN, Iran — Iran announced plans Monday to get rid of its dollar and euro reserves in response to the latest United Nations sanctions over its contested nuclear program. The U.N. Security [...]

Days not to buy gold Identified

By Patrick A. Heller, Numismatic News Despite the fact that the price of gold rose more in the previous decade than almost all U.S. paper assets, the rise has no short rapid spurts. Actually, the market action that limits gold from breaking upward is just one more bit of evidence of the manipulation of gold prices. [...]

Buy Gold, Be Smart, Diversify

By David Galland, GoldSeek How the government tries to fleece you and what you can do about it After a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away: Lawmakers Propose ‘War Surtax’ to Pay for Troop [...]

Dubai woes seen as China’s opportunity to buy gold, oil

By Lucy Hornby and Langi Chiang, Reuters BEIJING — Dubai’s debt crisis could be China’s opportunity to snap up gold and oil assets, a senior Chinese official said in remarks published on Monday. No Chinese banks have yet reported exposure to debt from Dubai World, a flagship firm that last week said it was seeking to [...]

Buy Gold Bullion

When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]

Brand Disloyalty

The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]

China Minmetals eyes gold mines in Australia, Canada

Chinese state-owned metals trader China Minmetals Corp is looking to buy gold mines in Australia and Canada, a senior executive said on Thursday. Huang Dongmei, deputy general manager of China Minmetals Exploration and Development, made the remarks at an industry forum in China’s port city of Tianjin. Read more….

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 [...]

Notes from Mumbai

The Daily Reckoning Funny story. Before Chris and I arrived in Mumbai, we’d been invited to join a reader for dinner one evening. We did so on Tuesday. Today, we met the same guy, a former treasurer for the Indian stock exchange, it turns out, for lunch. He took us around to his office… a [...]

The Fed is "Urging You to Buy Gold!"

Bullion Vault Why a Fed forecast tells you to Buy Gold and dump bonds… IN LATE 2008, I began writing about what I saw happening as the Federal Reserve started assuming the liabilities of the investment banks and the federal government began deficit spending at an unprecedented pace, writes Porter Stansberry in Daily Wealth.I’ve been calling these [...]

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