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Archive for September, 2013

Three articles regarding the US economy – and how it affects us all

Wednesday, September 25th, 2013

It has long been accepted that the US economy is in serious trouble. The Quantative Easing program (in plain English, money-printing) which has continued for far too long was at the centre of the news. One of our favourite blogs is King World News and we would like to offer you three articles to read which could not illustrate more clearly that the time to preserve wealth in Gold is NOW. There are going to be a lot of people crying, and soon it seems.

Firstly, by way of introduction, here is the article before the Fed announced their decision (or is that non-decision) to do nothing about anything.

Click here to read a commentary asking how can the Fed taper?

Then the next day, the Fed announced their do nothing so this article appeared.

Click here to read the opinion of the Fed decision

Lastly, what does all this mean for the US economy? A former US Treasury official gave an interview to KWN and you can read this.

Click here to read a chilling warning

So there you have it. Can there be a better time to buy Gold? Do you want to watch your wealth, your children’s inheritance disappear?

JP Morgan whistleblowers confess bank manipulates Gold and Silver

Wednesday, September 18th, 2013

In a stunning development, two JP Morgan whistleblowers have confessed that the bank manipulates the Gold and Silver markets.  This is truly a shocking admission by the courageous JP Morgan whistleblowers.  In a blockbuster King World News interview, London metals trader Andrew Maguire told KWN that the two JP Morgan employees came directly to him with hard evidence that the bank was actively manipulating the Gold and Silver markets.

Since this concerns an “old” story, why is this important now? The answer is that there is a statute of limitations and any investigation (if not proceeding) will likely be dropped completely at the end of this September.

You can read the full story on the King World News blog by clicking this link.

In other news, the Pope confirms he is indeed a Catholic and it is discovered that bears do…. you know the rest.

What is the Gold Spot Price?

Wednesday, September 11th, 2013

The Gold Spot Price can be explained as being the “over the counter” price at which a Troy ounce of Gold is being sold at the time. Like shares and/or other commodities, the Spot Price can change from day-to-day, hour-to-hour or even minute-to-minute it seems. One of the key drivers is supply and demand of course. However, other factors such as economic uncertainty, banking news, political consideration or even, (sadly these days), war will all have an effect on the price.

The smaller investor can use the Spot Price to plan their purchases or to monitor the value of their holdings and therefore potential to sell. However, the Spot price does not take into account and brokerage fees or additional sums related to Gold trading.

Smaller investors are unlikely to trade directly on spot markets since units are traded in high value denominations, typically $500,000. The Spot Price is different from Gold future prices or the Gold Fixing Price.

Gold getting its shine back

Monday, September 9th, 2013

What a bunch of jokers at Goldman Sachs! In April, they were advising their clients to sell their Gold, as they were expecting an important decline in its price. And, effectively, in the following weeks, the price of Gold fell. Those who had followed their advice thought they made a good deal.

However, the price of Gold seems to have hit bottom, at the end of June, at $1,200/oz, and it has been going up with regularity since, reaching around $1,400 this week. Increasing worries on most markets (emerging, bonds, stocks), not to mention Syria, are creating, of course, a favourable context for Gold. And since most central banks keep printing around the world (the Fed doesn’t even know how to get out of its QE), we can be very confident on the mid- to long term.

Those who sold their Gold just after Goldman Sachs announced their predictions must now realize they have pulled the trigger a bit too soon. That’s one thing. But what’s worse is that, according to Zero Hedge, the bank started, at the same moment, to buy Gold! Since April, “The Firm” has scooped enough Gold ETFs to become the 7th largest holder in the world. It is now in a position to largely profit from the future rise in the price of Gold.

For the rest of this article, visit goldbroker.com (all rights reserved) by following this link

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Thoughts
"For a mountaineer, the important things are the effort, the posture and the muscles. The rope that holds him serves no purpose when everything works but it gives him a sense of security. In the same way, all gold does is ensure confidence; it's a safe haven."