Gold And why it will go the same way as property
Posted 13 November 2013 - 12:15 AM
China Opens Largest Private Gold Vault With Capacity For $82 Billion Worth Of Precious Metal
Bloomberg reports, that a gold vault that can store 2,000 metric tons, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia’s largest economy.
Posted 22 November 2013 - 09:58 PM
Gold Option Wagers on Surge to $3,000 Was Most-Active Yesterday
Wagers betting that gold prices will rally 141 percent in about two years were the most-traded option in New York bullion yesterday
Posted 26 November 2013 - 05:56 PM
Could be very bullish for Gold prices.
- Jimmy Rogers
Posted 27 November 2013 - 12:47 PM
German watchdog starts probe into gold price-fixing -report
Nov 26 (Reuters) - Germany's financial watchdog BaFin has started a probe into suspected manipulation of benchmark gold and silver prices by banks, the Wall Street Journal Deutschland website reported on Tuesday.
The report also said that similar investigations were under way in the United States and Britain, without citing sources.
Posted 29 November 2013 - 03:41 PM
It has taken a number of steps to stem losses, curbing unsecured lending, stopping online lending and undertaken "exceptional" smelting of gold stocks.
Debts of £50 million
Billy Crystal: "Yeah, but what's that one thing?"
Jack Palance: "That's what you've got to figure out."
Posted 01 December 2013 - 03:12 PM
Gold price plunges as confident investors pile out of safe havens
End of a 13-year boom as US economic upturn sees investors confidently selling gold and buying shares
November brought more bad news for believers in the eternal power of gold: the commodity saw its sharpest monthly price fall since June. This month's 6% drop makes 2013 a terrible year for gold, and is set to mark the end of a 13-year boom. Gold is heading for its first annual fall since 2000 after shedding a quarter of its value this year.
Georgette Boele at Dutch bank ABN Amro said: "The gold bubble has burst and … more of gold's previous supportive drivers are about to push the precious metal much lower. As such we expect additional large sell-offs."
In India, traditionally the world's biggest consumer of gold, the government has imposed punishing duty on gold purchases which has led to mass recycling of some of the 20,000 tonnes of gold stashed in Indian homes.
Consumers in China have been buying gold as they become more affluent. But Boele predicts that despite this, it will fall to $1,000 an ounce next year and $800 in 2015.