GOLD: Safe Haven or Risky Investment?

Gold has been called many things over the past several years. The shiny yellow metal is seen as a safe-haven to some, but a barbaric lifeless asset by others. In short, gold has trouble receiving a wide range of support as a key player in the global financial system....

80% of the Gold the World Owns Doesn’t Exist

Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action Committee told Bernie Lo on CNBC Asia overnight that central banks are continuing to manipulate the gold market as they are interested in supporting government bonds and the dollar and keeping...

Gold Becomes a Tier 1 Asset Class for Banks

Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over.  In fact, it is just starting, in our opinion. While the misdirected financial world tell you that gold is in a bubble and it has burst, the central...

Gold Moves Higher, Seen as Safe-Haven Play

Gold prices were higher Monday as gold offered a haven for investors amid sluggish U.S. economic indicators. “I wouldn’t be surprised if we see a little bit of short-covering today, if we don’t get the extension downward a lot of it is looking at...

Major Banks Downgraded By Moody’s

Some of the world’s biggest banks were downgraded Thursday by rating agency Moody’s, which cited concerns about the stability of the global financial system. Moody’s cut the ratings of 15 financial institutions after U.S. markets closed Thursday,...

SocGen: If Fed Issues More QE, Gold May Surge to $8,500

If the Fed does decide to follow through with proposed measures that would initiate a third round of quantitative easing, investors will need a hedge. Per usual, the hedge of choice will be the precious yellow metal. The Societe Generale Group issued a research note...

Fed takes path of least resistance with new stimulus plan

Rather than doing nothing, the Federal Reserve decided Wednesday to do as little as it possibly could. The Fed’s decision to extend its “Operation Twist” economic stimulus program represents the path of least resistance for a central bank contemplating a raft of...

The Three Trends Which Rule the Precious Metals Market, Part II

So we have our bankers telling us that both their paper bonds and paper currencies are “safe havens”. Meanwhile, 1,000+ years of our own history tells us that both forms of paper are certain to end up totally worthless. Obviously treating $10’s of trillions in...

Gold-Investment Demand in China to Advance 10%, ICBC Says

Gold-investment demand in China may gain more than 10 percent this year as buyers seek a haven from Europe’s debt crisis and the prospect of weakening currencies, according to the country’s largest bullion bank. “Investors here want to hold part of their assets in...

The Return of Gold Buying by Large Institutions

After the $1 bn purchase of gold bullion in 2011 April by the University of Texas Investment Management Co, large institutional investors were largely absent from the market. Now, the Financial Times has reported that Okayama Metal and Machinery has become the first...