The Gold Blog

Gold Investments Market Update - China Announces Possible Diversification into Gold

admin — Thu, 20 Nov 2008 12:24:24 +0000

China Considering Diversification into Gold BEIJING (Dow Jones) - China’s central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country’s huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong. China’s foreign exchange reserves, at US$1.9056 trillion at the end [...]

Jim Rogers: The dollar is a flawed currency

Ed Murphy — Thu, 20 Nov 2008 10:28:26 +0000

Excerpts from The Financial Times’ View from the Markets online interview with Jim Rogers: FT: It’s a year since we last interviewed you. You were aggressively bearish about the dollar, but you thought there would probably be a rebound and you would take that as an opportunity to further get out of the dollar. Have you [...]

Gold Investments Market Update - Car Manufacturers Dull Platinum’s Shine

admin — Wed, 19 Nov 2008 12:30:47 +0000

Driven to Bankruptcy As auto manufacturers across the globe go to their respective governments, carrying empty fuel tanks hoping for a bail out, the shine has definitely dulled on platinum and palladium. Tumbling car sales in North America and Europe have contributed to a dramatic shift in investor sentiment towards these metals, which play a [...]

Gold Investments Market Update - The Citi “Supermarket” Says a Lot Must Go

admin — Tue, 18 Nov 2008 13:00:15 +0000

Citigroup to cut 52,000 jobs Vikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That’s 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year [...]

Obama’s Golden Opportunity – Return to Gold Standard

Ed Murphy — Mon, 17 Nov 2008 17:36:57 +0000

The Washington Times’s Lawrence Hunter wrote last week that U.S. President-elect Barack Obama has an opportunity to reset the economy and restore the U.S. dollar to its preeminence as the world’s reserve currency by reestablishing the gold standard. He writes: First, the new president-elect should state his unshakable resolve to preserve U.S. sovereignty over its currency [...]

Gold Investments Market Update - Will Obama Play Nice with the G20?

admin — Mon, 17 Nov 2008 13:00:54 +0000

G20 Summit The G20 leaders showed a united front as they pledged to shore up global growth, introduce regulatory reform in a relatively short timeframe and avoid protectionism. However, the timeframe for resolution of these reforms is as soon as March 31st. Success will hinge on the new US Administration’s willingness to take big decisions, a [...]

Gold Investments Market Update - What Will the G20 Agree?

Mark O'Byrne — Fri, 14 Nov 2008 11:45:45 +0000

Crude oil briefly dipped below $55 a barrel yesterday for the first time in 22 months prompted by reports, warning that demand will be significantly weaker in 2009 due to the global economic downturn. Despite this, Gold gained slightly on the news that Chinese investors’ demand had surged in the first nine months of 2008. Gold [...]

Gold Investments Market Update - Rollercoaster Markets Continue

Stephen Flood — Wed, 12 Nov 2008 11:47:47 +0000

The great global deleveraging continues. In a world that has become addicted to debt fuelled growth, the idea that readily available credit may no longer be available, has scared many into facing the truth; credit is not free and should never have been priced as such. Over the past few weeks markets have continue to [...]

Gold Investments’ homepage from early 2004, when we clearly warned about property and stock bubbles and the importance of diversifying into gold

Mark O'Byrne — Wed, 12 Nov 2008 10:21:03 +0000

Since 2003, Gold Investments has clearly warned of property and stock market bubbles internationally, the risks in sharp falls in these markets and the importance of diversifying into gold. This is our homepage from early 2004 when we clearly warned re property and stock bubbles and the importance of diversifying into gold - http://web.archive.org/web/20040324071856/http://www.gold.ie/ Our home [...]

Gold Investments Market Update - Goldman Sachs Plummets - Bodes Ill for Wall Street and US Financial System

Mark O'Byrne — Tue, 11 Nov 2008 15:13:37 +0000

Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed. Oil and most commodities were somewhat higher on news of the Chinese $0.6 trillion stimulus injection while the dollar was flat and the pound fell again (reaching a new low against the euro) due to the sharply deteriorating UK economy. Gold’s [...]