When the world’s present troubles surfaced about five years’ ago, I recall reading articles whose central theme was: “there is excessive debt in the world. The amount of debt in the world exceeds the capacity of the world’s economies to service it and pay it down.”
To address the excess of debt in the world, four courses for action were mentioned:
The debt burden could... read more
The Chinese government acknowledged gold as a strategic asset in 2000, when it included the establishment of an open gold market in its five year economic plan.
Since then China has come to play a significant role in th... read more
Jim Rogers has a two-word message for U.S. investors: "Be careful."
"The U.S. is the largest debtor nation in the history of the world," Rogers told CNBC.com Wednesday night by phone from Singapore. "We may well have a big, big rally in the U.S. stock market, but it's not based on reality. I... read more
Even as the fearmongering over the debt ceiling hits proportions not seen since 2011 (when it was the precipitous drop in the market that catalyzed a resolution in the final minutes, and when four consecutive 400 point up and down DJIA days cemented the deal - a scenario that may be repeated again), some banks are taking things more seriously, and being well-aware that when it comes to banks, a... read more
The United Arab Emirates will grow as a precious-metals trading hub as more overseas companies turn to the country because of its location near consuming nations, according to the Dubai Multi Commodities Centre.
Dubai accounts for about 25 percent of global physical gold trade, Gautam Sashittal, chief operating officer of gove... read more
The Federal Reserve should drop its quantitative easing (QE) and just focus on controlling inflation, says James Rickards, a partner at Tangent Capital Partners.
"My own view, which has no chance of happening, is that they should stop asset purchases completely and start to sell assets and raise interest rates," he told read more
Gold climbed $26.10 or 2.02% yesterday, closing at $1,316/oz. Silver rose $0.52 or 2.46%, closing at $21.70. Platinum inched up $13.65 or 1% to $1,388.25/oz, while palladium climbed $2.38 or 0.3% to $717.38/oz.
Gold recouped much of Tuesday's peculiar flash crash losses and rose by 2.4% yesterday rebounding some $40 from a two month low at $1,278.24/oz earlier in the session. Deepening conce... read more
This is a series on how and why the gold markets fail to reflect the true balance of demand and supply in gold and silver prices. Many investors expect and believe that the gold price is an accurate reflection of demand and supply, but it isnt.
In a perfect market the exact weight of demand and supply on a daily basis would be reflected in the daily prices. In both gold and silver markets... read more
Gold is unique among assets, in that it is not issued by any government or central bank, which means that is value is not influenced by political decisions or the solvency of one institution or another." Salvatore Rossi, Chief of the Central Bank of Italy, 30 Sept 2013
The year 2013 in the gold investment market will be remembered as the year of China, so we’ve produced a stunning infographic detailing China’s great golden rise to power.
In just a few months the world’s largest country will overtake India as the biggest consumer of gold and its gold market continues to break records.
A country that already mines over 400 tonnes of gold a year, Chi... read more
