Category: Precious Metals
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Gold Hits Sterling Record
[box]April saw the price of gold hit a Sterling and Euro record. While the GBP754 (or 865 Euros) per troy ounce stat still remains 5% below the all time US dollar record, this was nonetheless excellent news for the British investors.[/box] Compare the GBP754/ounce price tag with the price of GBP562 per ounce, as gold…
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China’s Gold Market
World Gold Council and ICBC Enter Into Strategic Partnership to Promote China’s Gold Market BEIJING, April 1, 2010 – World Gold Council (“WGC”) and Industrial and Commercial Bank of China (“ICBC”) have signed a memorandum of understanding (MOU) for strategic cooperation within China’s gold market. This agreement will enhance the exchange of market information between…
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Wealthy Investors Hoard Bullion
Investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen. Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven…
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Gold Traders Take Profits
After four months of a resilient uptrend in the Gold market, it appears traders are beginning to feel the pressure to take profits. I believe Gold traders are keeping a close eye on the recent turmoil in the Stock Market and it brings back memories of the mass Metals liquidation to cover margins in their…
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Gold’s Performance During Recessions
Much has been made recently about gold’s use as a hedge against poor stock market returns. Unfortunately, this strategy has some holes in it. While it is true that gold tends to perform in the opposite direction as stocks during secular markets, it tends to perform similarly to stocks during shorter cyclical time periods. From…
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World Precious Minerals Fund
U.S. Global Investors Resources and Gold Funds Win 2007 Lipper Fund Awards SAN ANTONIO–(BUSINESS WIRE)–The World Precious Minerals Fund, managed by U.S. Global Investors Inc. (Nasdaq:GROW), is the 2007 winner of the Lipper Fund Award in the Best Gold-Oriented Fund category. 2007 marks the second consecutive year that the World Precious Minerals Fund (UNWPX) has…
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Why Silver Bars May Be A Golden Investment For 2007
Silver bars is a wonderful way to put your money in precious metals. This investment does not demand loads of money and you can get the strength and steadiness that comes along with precious metals. With technological advances you can now opt for online trading of metals. You need to search for dealers or firms…
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International Monetary Fund Told to Sell Gold
St. LOUIS (ResourceInvestor.com) — An esteemed group of eminent persons, including former Fed Chairman Alan Greenspan and current President of the European Central Bank Claude Trichet, has recommended that the International Monetary Fund (IMF) sell up to 400 tonnes of gold as means to finance ongoing costs. In a report submitted to the IMF Executive…
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The Gold/Silver Ratio
Many investors in commodities use ratios to determine if one resource is incorrectly valued as compared to another. These relationships, based on historical prices, can often give us vital information on oil vs. natural gas, corn vs. soybeans, and especially gold vs. silver. While certainly not the most important factor in determining the possible returns…