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A quote from a Swiss gold refiner/trader puts the case for gold as sound money very succinctly and coupled with the suggestion that it is a Giffen good, bodes well for further price rises . . . .

Gold holdings in exchange-traded products are growing at a slower pace than in 2004-2009 because some investors may be moving to physical bullion after initial purchases of an exchange-traded fund, according to Barclays Plc. Gold holdings in ETPs have increased 9.6 percent this year to a record . . . .

Hedge funds and other big speculators piled into the rallying gold and natural gas markets for a second week running, taking the net long money in U.S. commodities up by nearly $1 billion, trade data showed on Friday.

The so-called "money managers" in commodities boosted their net longs in gold to the highest level in nearly 16 months . . . .

The U.S. Geological Survey reported nearly 4.31 million ounces of gold production from U.S. mines during the first seven months of this year . . . .

The best Financial Markets Analysis, Articles and anyone who follows the gold market knows that President Franklin D Roosevelt confiscated gold in 1933 with Executive order 6102. What seems to have been forgotten is that silver was effectively confiscated as well. I have been involved with silver for over 25 years and this fact was unknown to me until recently, in fact many silver bugs don’t know that this happened . . . .

Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from that consensus . . . .

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 . . . .

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 . . . .

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 . . . .

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 . . . .