Barry Stuppler
Case for gold in the eurozone bail-out
Ever since the eurozone bond markets first started to get the jitters, hedge fund managers have been whispering that gold could play a part in resolving the crisis. Until recently, this discussion has mainly been the preserve of gold market conspiracy theorists and backbench German politicians. But now the use of gold to fund a eurozone bail-out is coming closer to reality...
Weekly Market Report 11/21/11
Daily Market Update 11/18/11
Daily Market Update 11/17/11
Central bank gold buying at 40-year high
Central banks made their largest purchases of gold in decades in the third quarter, as a sharp drop in prices in September accelerated the shift to bullion as a means of diversification. The scale of the buying, at 148.4 tonnes on a net basis, was far bigger than previously disclosed, surprising some traders. The data were published in a quarterly report by the World Gold Council, a lobby group for the gold industry, on Thursday.
The WGC declined to identify of the central banks behind the majority of the buying citing “confidentiality restrictions”, saying only that....
Gold is the only winner from the euro crisis
Commentary: Europe’s choices: Chaotic breakup or mass inflation
LONDON (MarketWatch) — As the euro struggles from crisis to crisis, it isn’t hard to identify the losers.
Peripheral country bonds have been hammered. Equities have struggled to make any progress all year. The main euro-zone banks have had to make huge write-downs on their holdings of Greek debt and have seen their shares collapse in value as a result. The euro itself has started to fall in value against other currencies, and almost certainly has a lot further to go.
But where are the winners? After all, all that money has to go somewhere....
