News Articles
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Gold Nearly Flat; Central Banks Add to Holdings
(Read More)Gold prices pared gains to trade around $1,760 on Tuesday as the euro hit session highs versus the dollar, and following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay.
The metal has risen nearly 5 percent so far in September and is set for a fourth straight monthly gain on expectations the Federal Reserve will . . . .
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QE to insanity and beyond - best for gold lies ahead
(Read More)The upwards path of the gold price looks to be an almost certainty, inasmuch as anything is certain in this world, driven by open ended QE commitments around the world . . . .
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QE3 Removes Price Ceiling for Gold & Silver
(Read More)Peter Schiff, chief executive officer of Euro Pacific Capital, recently gave an interview discussing the prospects of gold. When asked how high the price of gold may reach, he responded that there is no ceiling for the precious metal, because there is no limit on how much money will be printed. The Federal Reserve’s latest announcement confirms this theory, and paves the way for much higher gold and silver prices . . . .
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Federal Reserve Launches QE3
(Read More)The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy . . . .
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Gold could hit $2,500: Citi analyst
(Read More)Gold has had a good summer, rising more than 9 percent, but that move may be just the start, according to a bullish Citi precious metal analyst . . . .
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Is Central Bank Buying Just a Driving Force Behind Gold or Much More?!
(Read More)Since 2009 we have seen the signatory central banks of the Central Bank Gold Agreement cease selling their gold. We’ve stated many times in the past that the entire exercise of selling gold by these European central banks was to support the birth and establishment of the euro. They felt this was achieved by 2009, 10 years after the launch of the euro . . . .
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3 Reasons China Wants its Citizens to Own Precious Metals
(Read More)Due to China’s huge size, its developing economy is having a growing influence on the global economic system. One commodity that has been particularly strongly affected by Chinese popular demand is silver and other precious metals like gold.
Not only has the Chinese government been moving toward holding precious metals in reserve as an alternative to paper currencies like the U.S. Dollar, but it has recently also encouraged its citizens to own precious metals as a way to store their wealth in a valuable physical asset . . . . -
Republicans eye return to gold standard
(Read More)The gold standard has returned to mainstream US politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy . . . .
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World Gold Council 2nd Qtr Report
(Read More)World Gold Council released its 2nd quarter Gold Demand Trend report showing gold demand of 990 tonnes worth $51.2 Billion.
The report shows demand for gold jewelry has weakened from last year, but central bank buying as . . . .
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Paulson, Soros Add Gold as Price Declines
(Read More)Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange- traded fund backed by gold as prices posted the largest quarterly drop since 2008 . . . .