by agm | Jul 12, 2012 | news
As the price of gold has gone up fivefold over the past 10 years, why would one buy it at today’s prices? For the same reason an investor would buy any other asset: if one believed it would be a good investment now, that is if one believed it may appreciate in value...
by agm | Jul 11, 2012 | news
This latest price weakness is confusing many market participants and causing further jitters to some owners of gold. Our conversations with people in the industry and our own experience makes us confident that this is another paper driven sell off drive primarily by...
by agm | Jul 6, 2012 | news
In 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuit by its clients after Morgan Stanley charged them to buy and “store” precious metals for them, but neither bought or stored the metals. (Similarly, a 2011 class-action lawsuit...
by agm | Jul 3, 2012 | news
Gold climbed to the highest price in two weeks amid speculation that central banks will take more action to spur growth, boosting demand for the metal as an inflation hedge. Reports showed yesterday that euro-area manufacturing output contracted for an 11th straight...
by agm | Jul 3, 2012 | news
There’s a plausible path to $10,000 an ounce gold. And it doesn’t require a breakdown in civil society… Speculators see central bankers as modern-day superheroes, able to push markets around with a single phrase. In the minds of most investors, Ben Bernanke, Mario...
by agm | Jul 3, 2012 | news
BIX WEIR – Accuses CFTC of being formed to Hide the Manipulation of Metals, Says JP Morgan is the ONE bank in control of Silver and Silver should be $8250 per ounce. Bix Weir has lots to say in his latest newsletter. He released a portion of it to the public...
by agm | Jul 1, 2012 | news
Early in 2011, the London Bullion Market Association began to push for gold to be recognised by the Basel Committee on Banking Supervision as the ultimate high-quality liquid asset. It has been a planned approach involving the wider financial community, with the...
by agm | Jun 30, 2012 | news
Europeans trying to protect their wealth from global economic uncertainty have been stashing bank cash and gold bullion coins and bars in safety deposit boxes and depositories in Switzerland. The euro zone debt crisis and fear that ultra loose monetary policy by...
by agm | Jun 29, 2012 | news
NEW YORK: Gold surged 3 percent to above $1,600 an ounce o n F riday, ending June with its first monthly gain in five months, as a European deal to shore up banks and cut borrowing costs lifted bullion’s investment appeal. Silver and platinum group metals also...
by agm | Jun 29, 2012 | news
In what might be the most underreported financial story of the year, US banking regulators recently circulated a memorandum for comment, including proposed adjustments to current regulatory capital risk-weightings for various assets. For the first time, unencumbered...
