$1386 Daily Spot Gold
http://www.kitco.com/charts/livegold.html
Au @ 700......
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$1592
Tuesday's release of the Fed minutes contained the first indication that a third round of quantitative easing (QE3) is being considered. The notes described unanimous agreement that QE2 should be completed, along with the following comment: "depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run." Since the unemployment situation is deteriorating, and by all accounts will continue to do so, the Fed is essentially pledging to keep the spigot turned on. The committee also decided to look only at current "overall inflation" in making their judgments, as opposed to "inflation trends." Since new dollars take awhile to circulate around the economy and raise prices, this means the Fed is sure to be too late in tightening once inflation starts to run away, causing more dislocations in the American economy.
If anyone had lingering faith that Mr. Bernanke actually has a plan to end the US government's addiction to cheap money, the Chairman's semi-annual testimony to Congress should have washed it away. In addition to claiming that his money-printing has helped the US economy, Bernanke told Congress that gold is not money, people buying gold are not concerned about inflation, and the external value of the dollar has no influence on its domestic purchasing power. He even took a moment to stump for President Obama's plan to raise the debt ceiling. - source
Last edited by SquidInk on 07-16-2011 09:35 AM, edited 1 time in total.
For if it profit, none dare call it Treason.
http://www.reuters.com/article/2012/12/ ... N820121221
Related: http://www.goldismoney2.com/showthread. ... post477970Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can easily be broken into one gram pieces and used as payment in an emergency.
Now Swiss refinery Valcambi, a unit of U.S. mining giant Newmont, wants to bring its "CombiBar" to market in the United States and build up its sales presence India - the world's largest consumer of gold where the precious metal has long served as a parallel currency.
Investors worried that inflation and financial market turmoil will wipe out the value of their cash have poured money into gold over the past decade. Prices have gained almost 500 percent since 2001 compared to a 12 percent increase in MSCI's world equity index.
Sales of gold bars and coins were worth almost billion in 2011, up from just .5 billion in 2002, according to data from the World Gold Council.
"The rich are buying standard bars or have deposits of phsyical gold. People that have less money are buying up to 100 grams," said Michael Mesaric, CEO of Valcambi "But for many people a pure investment product is no longer enough. They want to be able to do something with the precious metal."
Mesaric said the advantage of the "CombiBar" - which has been dubbed a "chocolate bar" because pieces can be easily broken off by hand into one gram squares - is that it can be easily transported and costs less than buying 50 one gram bars.
"The produce can also be used as an alternative method of payment," he said.
Last edited by SquidInk on 01-06-2013 05:08 PM, edited 1 time in total.
For if it profit, none dare call it Treason.
Amid Heightened Anxiety Ahead Of Election Day, Gold Is Rising
Climbing for a sixth straight day, the price of gold bullion—seen as a safe haven for investors—hit a one-month high of more than $1,300 an ounce. Stocks declined with the dollar as angst grows over the U.S. presidential election.
The 2016 election has confounded pundits and upended precedent, spurring unusual patterns in the U.S. equity market. To wit: stocks almost always rise in the days before the country picks a president. This year, they’re falling.
“Until a week ago, the market calculated Hillary would win, but now the race seems to be on again,” said Christian Zogg, head of equity and fixed income at LLB Asset Management in Vaduz, Liechtenstein. “Nobody knows really what to expect from Trump, so the market is bound to get nervous. In addition, there is always the Fed hovering over the market.” FULL STORY
The 2016 election has confounded pundits and upended precedent, spurring unusual patterns in the U.S. equity market. To wit: stocks almost always rise in the days before the country picks a president. This year, they’re falling.
“Until a week ago, the market calculated Hillary would win, but now the race seems to be on again,” said Christian Zogg, head of equity and fixed income at LLB Asset Management in Vaduz, Liechtenstein. “Nobody knows really what to expect from Trump, so the market is bound to get nervous. In addition, there is always the Fed hovering over the market.” FULL STORY
A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL
Everything Woke turns to
-Donald Trump 
Everything Woke turns to