The Gold Blog

Happy 2009 to all the Gold Blog readers!
I think a dose of comedy gold wouldn’t go astray today as most of us are back to the 9 to 5 after some gloriously indulgent Christmas holidays.
Enjoy:

There have been a spate of articles in the press recently including the Personal Finance section of the Irish Times touting jewellery and diamonds as safe haven “rock solid” investments.
Rock solid investment
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A girl’s best friend and a smart way to invest

This is dangerous nonsense and irresponsible journalism of the highest order.
Investors [...]

It wouldn’t be suprising if you had never heard of backwardation. Though many commodities markets are frequently in backwardation, especially for seasonal or perishable/soft commodities, it has only happened twice in history in precious metals. The last time it happened was due to the Hunt brothers’ infamous attempt to corner the silver market:
The COMEX and [...]

On the foot of recent reports that China is planning to diversify some of its massive foreign exchange reserves into gold, The Central Bank of the Russian Federation has released its latest data on its own foreign holdings (see here for original report).
The latest data shows the continuing trend that Russia has been quietly and [...]

 
Or is that Bailout to the power of Bailout?