Sunday, August 14, 2016

Gold’s New Ally

October 24, 2009 by · Leave a Comment 

The Daily Reckoning If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The [...]

Gold May Have More Price Support now Than at any Time Since 1989

October 23, 2009 by · Leave a Comment 

The Daily Reckoning The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot [...]

The Golden Road Out of Financial Crisis

October 22, 2009 by · Leave a Comment 

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

Slideshow: 11 Ways to Invest in Gold

October 22, 2009 by · Leave a Comment 

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 [...]

Brand Disloyalty

October 22, 2009 by · Leave a Comment 

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 [...]

Weakening dollar and global recovery have increased demand for gold

October 22, 2009 by · Leave a Comment 

The World Gold Council’s latest Gold Investment Digest, which covers activity to the end of Q3, noted gold demand rising on continuing dollar weakness and signs of a strogner global economy. Read more….

India’s Gold Man

October 21, 2009 by · Leave a Comment 

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 [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Notes from Mumbai

October 18, 2009 by · Leave a Comment 

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 [...]

Boomers Have Their Backs Against the Wall

October 15, 2009 by · Leave a Comment 

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 [...]

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