Investors’ fervor making gold an ever more precious metal Nov 12, 2009
Investors this time are buying gold to protect themselves against the falling dollar. Currencies are weak investments because of record-low interest rates. (Boston Globe)
Newsweek: A hedge fund's greatest trade ever Nov 11, 2009
But as the book closes, he's buying gold, which doesn't strike me as a particularly out-of-the-box bet in this climate. He's very good at synthesizing and making some complex topics very simple. (MSNBC -- Business)
Weak dollar pushes gold above $1,100 an ounce Nov 10, 2009
Some central banks are buying gold for their reserves. India disclosed last week that it had bought 200 tons of gold from the. (USA Today -- Money)
Gold eases as investors take profit Nov 10, 2009
"Some people buy higher-yielding currencies, such as Australian and New Zealand dollars. Others prefer buying gold without taking currency risks.". Gold has risen 25 per cent in the year to date, while an index of the dollar against six major currencies has fallen 27 per cent during the same period. (Sydney Morning Herald -- Business)
Gold surge to record fuelled by US jobs data Nov 9, 2009
The high chances of Asian central bank gold purchases were reinforced by Sri Lanka, which said on Thursday it had been buying gold for the last five or six months. Linked in with this is the dollar, which central banks will sell when they switch to gold from US Treasuries. (Business Report, South Africa)
Sri Lanka buying gold 'to diversify reserves' Nov 8, 2009
Sri Lanka buying gold 'to diversify reserves ... Sri Lanka buying gold 'to diversify reserves ... COLOMBO (AFP) - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal. (Yahoo! Asia News)
Gold price hits new record at $US1100 Nov 7, 2009
"The Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves," industry body the World Gold Council (WGC) said in a statement issued before gold struck a record high of $US1101. 42. (Sydney Morning Herald -- Business)
Gold as hedge against inflation Nov 7, 2009
However, when the credit crisis struck last year, investors began selling equities and buying gold, increasing the return on it manifold. That said, the gain in the rupee this year has put a lid on returns from gold ETF investment. (India Times)
Gold price hits record after 'Sri Lanka purchase' Nov 7, 2009
"The Central Bank of Sri Lanka has announced that it is buying gold to diversify its reserves," industry body the World Gold Council (WGC) said in a statement issued before gold struck a record high of 1,101. 42 dollars. (Yahoo! Asia News)
Wiesel slams tea partiers Nov 7, 2009
" Democrats won, 48 to 45. That's a three-point lead. That lead was 19 points last year. Schaller: Karl, you have anything to add? Agne: Strategically, you have to look at this. As someone who's done these campaigns all over the country, Democrats are going to have a lot of difficult seats to win. They won a lot of seats that lean naturally more to the Republican Party. The problem for the Republicans here is that those voters threw out, in most cases, an incumbent or a party that had come to... (Salon)
Developing Countries Grabbing Up Gold Nov 6, 2009
"Central banks in India and China will be happy to accumulate gold at these levels. I will not be surprised to see even some Southeast Asian banks buying gold," Aaron Smith, Asia head of the $1. 65 billion Superfund, told Reuters. (Newsmax)
Sri Lanka follows Indian move to buy gold Nov 6, 2009
The Sri Lankan central bank is buying gold to diversify its reserves and smooth out periods of dollar volatility, Ajith Nivard Cabraal, central bank governor, said. The move, which follows Indias gold purchase, is part of a policy change on the part of the bank. (FT.com -- Markets)
India buys 200 tonnes of gold at US$6.7b, pushes price to new high Nov 4, 2009
India, along with China and Russia, have indicated interest in buying gold as a way to diversify their holdings in dollar-denominated assets ... Buying gold is seen as a way to hedge against a weaker dollar and the threat of inflation. (The Star Online, Malaysia -- Business)
India still likes dollars despite buying gold: minister Nov 4, 2009
AFP - Wednesday, November 4. NEW DELHI (AFP) - A decision by the Reserve Bank of India to buy 200 tonnes of gold from the IMF for 6. (Yahoo! Asia News)
Gold hits record as India buys IMF bullion Nov 4, 2009
"You usually associate Indian consumers buying gold more than you do the central bank," said Mario Innecco, an MF Global Ltd. broker in London. Gold averaged about $US1049 in the two weeks when the IMF gold sale occurred. (Sydney Morning Herald -- Business)
India buys half of IMF's gold for sale; who's next? Nov 3, 2009
"Central banks in India and China will be happy to accumulate gold at these levels. I will not be surprised to see even some Southeast Asian banks buying gold," Aaron Smith, Asia head of the $1. 65 billion technical trading fund Superfund, told Reuters. (India Times)
Hollywood's new Jaws Nov 1, 2009
Murphy says he's still buying gold, and next year he expects to be shorting shares of debt-ridden retailers. James Covert. (New York Post -- News)
Bank bailouts Oct 31, 2009
Try buying gold -- I did, and it worked By Mike MaddenWednesday, Dec 31, 1969 16:00. Lehman's last CEO, Dick Fuld, knew how to get ahead: By acting like a baby By Andrew LeonardWednesday, Dec 31, 1969 16:00. (Salon)
Gold Heads for Second Monthly Gain as Weak Dollar Fuels Investment Demand Oct 31, 2009
Fund manager increased his bets on gold this year, while told clients of his Greenlight Capital Inc. hedge fund in January he was buying gold for the first time. Gold holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by the precious metal, were unchanged yesterday at 1,104. (Bloomberg -- Australia & New Zealand)
Gold imports rise by 72% Oct 30, 2009
Gold imports had touched 20 tonnes in April on account of akshaya tritiya a festival during spring which is considered auspicious for buying gold. Read business stories in. (India Times)
Washington cuts Wall Street's allowance Oct 26, 2009
Try buying gold -- I did, and it worked. October 19, 2009. (Salon)
Buttonwood: Squaring the circle Oct 23, 2009
One possibility could be that investor opinion is divided, with those who fear deflation buying government bonds and those who fear inflation buying gold ... After all, the inflation camp should not just be buying gold, it should be shorting government bonds (ie, betting on a falling price). (The Economist)
DVDs you should have seen -- but didn't Oct 22, 2009
He said, "It's kind of 'help me,' kind of 'save me,' kind of 'redeem me.' And we thought, OK, that's perfect. Those are all good tones. This is your most overtly Jewish movie, by a long shot. But I was able to come up with a brief list of other Jewish characters in your films. John Goodman's immortal Jewish convert in "The Big Lebowski," of course, who announces that he doesn't fucking roll on Shabbos. And I think we can assume that Barton Fink is Jewish. E.C. We assumed that too. J.C.: Well,... (Salon)
Why are we still in Afghanistan? Oct 22, 2009
" And what if a U.S. president recognized that destroying mud villages and killing children in distant Afghanistan isn't making America safer? That endless war creates endless enemies? What if he showed enough political courage to say that 100 percent security from terrorism isn't possible? That the mad, quixotic attempt to achieve it is sacrificing the lives of our best and bravest while it bankrupts the treasury? Who in the world would be angry with him except the Washington war lobby and... (Salon)
How Citi's Andrew Hall Made $100 Million Last Year Oct 20, 2009
Hall has also reportedly been buying gold this year. Another good move. (Time.com)
Is the NSA spying on U.S. Internet traffic? Oct 20, 2009
Try buying gold -- I did, and it workedBy Mike Madden. Video: A crowd of protesters with wildly diverse aims clamors for the president's ear in San FranciscoBy Alexis Fitts and Christopher Rogers. (Yahoo News -- Online Privacy)
Could gold be next bubble to burst? Oct 18, 2009
While buying gold is viewed as a way for investors to protect themselves against inflation, it can be a way for money managers to profit off other investors' inflation fears. This is called momentum trading. (Athens Banner-Herald)
Indian Shoppers Splurge for Diwali Oct 17, 2009
Kumar Jain, who owns the showroom UTZ, said people are buying gold due to a weakening dollar and inflation fears, adding the price correction from Wednesday's record high has also pushed people to loosen their purse strings. RK Nagarkar, general manager, TBZ pointed out that people see inherent value in the yellow metal, following last year's stock market debacle and fall in property prices. (BusinessWeek)
More >> Oct 15, 2009
"Now even small investors have started buying gold coins. They collect it for their children," said Harmesh Arora, director of NIBR Bullion Pvt Ltd, a Mumbai-based gold refinery that sells coins. "Corporate sector has also started gifting coins to their staff and dealers... many of their free gifts with products also have gold coins," Arora added. (India Times)
Banks cash in on gold rush Oct 15, 2009
"Despite the high price, we have seen an increase in demand after a years slump. Last year there was unprecedented increase in buying gold jewellery and medallions during Diwali but a sharp dip after that. Peoples faith in gold has been restored and demand is higher than diamond and silver this year," Goel said. Speaking on the rush of buyers for the festival of Dhanteras, Tarun Kanwar of Navrattan Jewellers in GK-I said, For most people in North India, the festival is very important... (India Times)
Gold, Dhanteras sale at record high Oct 15, 2009
Last year there was unprecedented increase in buying gold jewellery and medallions during Diwali but a sharp dip after that. People's faith in gold has been restored and demand is higher than diamond and silver this year,'' Goel said. (India Times, India)
LURE OF THE YELLOW METAL Oct 13, 2009
Jewellery showrooms were full of customers buying gold jewellery, bars, biscuits and coins ... People made a beeline for buying gold on Monday despite the fact that the prices of gold have shot up by 33 per cent in one year from around Rs 12,200 to Rs 16,200 per 10 gm. (India Times)
Gold price soars, but miners' shares lag Oct 12, 2009
Its as easy as buying shares and gives you a proxy for buying gold. . (India Times)
Glenn Beck in No Spin Zone Oct 10, 2009
O'REILLY: Buying gold or. BECK: Somebody bought gold, originally bought gold at $300 an ounce. (Fox News)
Bullion bulls Oct 9, 2009
Retail and institutional investors have been buying gold through exchange-traded funds, which allow them to have a pooled stake in bullion. This avoids the extra risk of buying shares in gold mining companies (which might have incompetent managers or shallow reserves) or the complexity of using futures. (The Economist)
Is the Dollar Going to Collapse? Oct 9, 2009
Until these three events occur, it would be wise for investors to keep buying gold and silver, especially silver. Gold has hit new highs, but silver at $17 an ounce is still way below its all time high of $50 an ounce set in 1980. (Human Events Online)
Worth its weight Oct 8, 2009
However, in countries such as China and India, buying gold as in investment is more common. And at this time of year, in the run-up to the Diwali festival, there is a seasonal increase in gold purchases because the metal is traditionally given as a gift. (BBC News -- Business)
Is it wise to buy gold with borrowed money? Oct 8, 2009
According to him, buying gold on margin in a volatile market is a quick way to get your position wiped out. The first erratic price movement might destroy your entire investment, he says. (India Times)
Gold price at record high, but 'golden man' not buying Oct 8, 2009
Jim Rogers wary of buying gold at new high ... Jim Rogers wary of buying gold at new high. (The Star Online, Malaysia -- Business)
Gold price rises to all-time high Oct 7, 2009
Now a lot of investors are buying gold because they are concerned about the impact of higher inflation ... "Gold is a physical investment, they own it outright, so they are not exposed to any bank's financial survival. "Now a lot of investors are buying gold because they are concerned about the impact of higher inflation - they are fearful about how much governments are borrowing, and how much money central banks such as the Bank of England are putting into the economy. (BBC News -- Business)
Gold Close to Highs, World Equities Gain Oct 7, 2009
Investor Jim Rogers, one of the biggest bulls during this decade's commodities rally, said he would stay clear of buying gold for now, although he predicted prices will continue to go up over the long term. "Gold has hit a new high and I don't like to buy something at record prices unless there are extremely strong fundamental reasons," he said. (ABC News -- Business)
Gold rises on demand for alternative to slumping $US Oct 6, 2009
October 6, 2009 - 6:42AM. Gold futures touched the highest price in more than a week as the dollar weakened, boosting the appeal of the precious metal as an alternative investment. (Sydney Morning Herald -- Business)
Russian Steel Writedowns Loom After Price Collapse Wrecks Global Ambitions Oct 6, 2009
Severstal owner , 44, followed Rouge Steel with a stake in Italian steelmaker Lucchini SpA, before buying gold miner Celtic Resources Holdings Plc. By January 2007, as banks such as Credit Suisse Group AG were warning about risky credit derivatives, Mordashov said he was seeking acquisitions around the globe. (Bloomberg)
High prices fail to dampen gold rush Oct 5, 2009
The wedding season is here and people do not compromise on buying gold ... People are buying gold but because of the high price, they are buying a little less ... The increase in sales can be attributed to new trends like men buying gifts for their wives on Karvachauth which is on Wednesday and also families increasingly buying gold coins on Dhanteras instead of steel utensils. (India Times)
Buy Gold or Sell Gold? Part 3 of 3 Oct 4, 2009
Buying gold cheaply and selling it expensively requires understanding the U.S. dollar price movements as shown in the USDX index. The USDX almost sets the gold price. (Suite101.com)
Price no barrier, investors still keep their faith in gold ETFs Sep 22, 2009
Demand for gold increases during festivals as it is regarded auspicious for buying gold. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I 52 Week: High, Low. (India Times)
Gold's Gain to $1,000 Spurs Sales of Rings, Necklaces as Scrap Climbs 22% Sep 18, 2009
Everybody is interested in buying gold now, so Im going to be selling every day when the price is above $1,000. . (Bloomberg -- Canada)
Garfield gets it Sep 17, 2009
It was heartbreaking to see the disappointment in their eyes and hear it in their tender, young voices as they were telling me how monstrously cruel I am and how much they hate me, but I am still buying gold, silver and oil with every dime I can manage to keep out of the greedy, grubby hands of the kids, wife, family members and bill collectors, and soon they will understand why, and, if they are good, like not ever again waking me up from a nap, grow fabulously wealthy, insanely wealthy,... (Asia Times Online)
Bernanke May Have to Accept Slower Rebound to Show Inflation Credentials Sep 16, 2009
Those buying gold believe the Fed is going to be accepting inflation if not even promoting it, said , whose $370 million Hard Currency Fund is up 11. 3 percent year to date on investments in precious metals and foreign currencies. (Bloomberg -- US)
Canary in the coal mine Sep 15, 2009
In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. (Asia Times Online)
All that glitter: Fund houses on a gold buying spree Sep 11, 2009
ETFs offer equity investors a platform that is preferable to holding physical gold, which comes with associated security risks and high investment charges, or buying gold futures which are highly leveraged instruments exposing them to high reward-high risk. Clients who picked up units in early August when gold was at $971. (India Times)
Gold Tops $1,000: Good or Bad Sign for the Economy? Sep 10, 2009
"People who are buying gold are buying into the argument that the Federal Reserve will not be able to take back all the liquidity it has poured into the market and protect against inflation," says James DiGeorgia, editor of the newsletter Gold and Energy Advisor ... As the credit crisis and global recession eases, more and more consumers, and industrial users like electronics manufacturers, are buying gold again. (Time.com)
Reality excluded Sep 10, 2009
And since the smart play is to buy gold, silver and oil when the government is behaving so badly, the best news was not in the article at all, but for us greedy money-grubbers who want to make a lot of money without working and think that gold, silver and oil is the way to do that because that is what seems to be the lesson of the last 4,500 years, it is wonderful news that the majority of investors are not yet buying gold, silver and oil, which makes sense because it is mathematically... (Asia Times Online)
Big miner burns its golden hedges Sep 10, 2009
I keep hearing many say they are buying gold as a hedge against inflation. Due to the massive stimulus, future inflation is coming. (Sydney Morning Herald -- Business)
Clunker remorse Sep 9, 2009
Instead of laughing in my usual mocking style to indicate the bizarre absurdity of an economic system where the unemployed are given financial incentives to buy new cars, let me instead merely urge you to buy gold, silver and oil with your every waking moment and your every last dime, whichever comes first, which says the same thing but with the "secret bonus feature" of letting you make a Whole Lot Of Money (WLOM) when their prices rise, rise, rise, which is good because you are going to need a... (Asia Times Online)
Why does Michelle Obama hate farmers? Sep 9, 2009
The Chinese bond announcement fits squarely within But so too, in a way, does the gold story, if one is to believe the Telegraph's Ambrose Evans-Pritchard, that China has buying gold in bulk every time its price takes a dip, as yet another way to diversify its foreign holdings away from the U.S. dollar. (Found via ). (Salon)
Stocks, gold gain ground as deal talk spurs optimism Sep 9, 2009
Tom Phillips, president of TS Phillips Investments in Oklahoma City, said investors are buying gold because they are nervous about the economy and rising deficits but don't want to miss more gains in the stock market. The S&P 500 index has jumped 50% from a 12-year low in early March. (USA Today -- Money)
Barrick to Sell $3 Billion in Stock to Buy Back Hedges Sep 9, 2009
9 billion to eliminate all of its fixed-price gold contracts -- on which the company effectively lost money every time the gold price rose -- by buying gold on the open market and delivering it into the contracts. It will also pay $1 billion to eliminate some of its floating spot price contracts -- the liability on which does not change with fluctuations in the price of gold -- leaving about $2. (ABC News -- Wire)
Schiff: Rising Gold Signals Inflation Sep 9, 2009
Tuesday, September 8, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
China alarmed by US money printing... Sep 8, 2009
" Osamas Paajamas on September 08, 2009 at 06:57 AM It is absurd to blame the Chinese for selling product to the US. They trusted that a nation that had maintained its currency's value for two centuries would continue to do so. They did not understand that we would elect Obama, a man so dedicated to his socialist vision that he will debauch our currency and destroy our capitalism to realize socialist equality in poverty. student1776 on September 08, 2009 at 06:57 AM I never thought I would agree... (The Drudge Report)
Asian shares hit one-year high Sep 8, 2009
"Gold is rallying on fears of an equity retreat. US jobs data has been pretty disappointing. The risk is that stocks will fall and people are hedging that by buying gold.". Many investors are worried that stock market rallies have got ahead of the turnaround in the global economy, that the recovery will not create jobs and that it will be hard to sustain once the effects of stimulus measures by governments begin to fade. (Sydney Morning Herald -- Business)
Gold tops $US1000 as investors seek refuge Sep 8, 2009
"Gold bulls are easily spooked around these numbers and need to see them sustained to bolster confidence. Gold is rallying on fears of an equity retreat. The risk is that stocks will fall and people are hedging that by buying gold," he said. Asian stocks were up marginally on Tuesday. (Sydney Morning Herald -- Business)
Mad, mad world Sep 5, 2009
I laugh nervously because I am lost and scared, as I am not sure that Toto and I have ever been in this part of the enchanted forest before, because everybody seems to be insane enough to buy a stock at 130 times earnings, they seem to be stupid enough to accept record-high prices (and thus record-low yields) on bonds, even as a massive, multi-year, globally-coordinated "stimulus" of staggering amounts of money via "quantitative easing" gets into gear, but yet these strange people are not buying... (Asia Times Online)
Hit me again Sep 2, 2009
But those days are all over now, and the only people who are buying gold, along with silver and oil, are the people who know what happens to an unsound, fiat currency (like the dollar) in the hands of a government composed of a bunch of socialist, commie-think yahoos (like the US Congress) that willingly deficit-spends insane amounts of money thanks to a central bank (like the Federal Reserve) creating it and a population sitting around saying, "Duh! Okay with us!" Hahaha. We're freaking doomed. (Asia Times Online)
DIY destruction Sep 1, 2009
And I assume that the persons who get stuck with all of the scrips will find that Gresham's Law ("bad money drives out good money") applies to them, too, and that will be the end of the experiment with scrip, except for all of the inevitable lawsuits and my volunteering to be called into court, not as a defendant in a "disturbing the peace" complaint after yelling at a stupid neighbor at 2am that because the Federal Reserve is creating so much money and credit, inflation in consumer prices will... (Asia Times Online)
