Precious Metals to Lead Commodity Returns in 2011, Goldman Sachs Predicts

Precious metals will probably give investors the best returns among commodities in the next year, and livestock the worst, Goldman Sachs Group Inc. said. Precious metals will advance 28 percent over 12 months and livestock 4 percent, London-based Jeffrey Currie, Allison Nathan and other Goldman analysts said in a report today. The team...

Gold coin sales increase by 400%

  19 November 2010 Last updated at 11:25 Sales of gold coins have soared by 400% so far this year compared with 2009, according to the Royal Mint.With the price of gold hitting record levels, the Mint says commemorative coins are in strong demand. Sales of silver coins have also risen, though by a comparatively modest 20%. "In...

Bond Market Implosion & Gold Tactics

Graceland Updates By Stewart Thomson              1.      “I cannot overemphasize the critical importance of factoring the bond market into any analysis of the crisis now.”  That was the sentence I started yesterday’s update with, and it’s probably the sentence I should start every update with, for the next...

Consider Gold in Overhaul of Bretton Woods, World Bank Head Writes in FT

By John Simpson - Nov 7, 2010 10:27 PM GMT  The development of a monetary system to follow on from 1971’s Bretton Woods II will take time, but it’s time to start, World Bank President Robert Zoellick writes in the Financial Times. This week’s summit of the Group of 20 leading economies in Seoul presents a test of international cooperation offering an opportunity for a key...

More Stealth Gold Buying, This Time it’s Iran to the Tune of $15B

11/02/10 Stockholm, Sweden – Perhaps the only thing more common these days than central banks increasing their gold holdings, is their ability to do it on the sly. Much like Saudi Arabia came out of nowhere to announce it more than doubled its gold reserves to 323 tonnes, Iran recently came out of the blue to announce it’s added about $15 billion worth of gold to its foreign exchange reserves. According...

Bloomberg Television interview with Mr T.

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Price of gold continues to rise and shine

16TH OCT Price of gold continues to rise and shineBy Ellen Kelleher Published: October 15 2010 18:07 | Last updated: October 15 2010 18:07The gold price hit another high this week as concerns mounted about the economic outlook, leaving investors facing the question whether to buy gold bullion or shares from the mining companies themselves. Mining companies across Australia, South Africa and Latin...

4. Silver To Outperform Gold? Why Gold & Silver? - The Movie (Buy Gold a...

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2. Why Gold & Silver? - Gold Accounts For Expanding Fiat Currency (Free ...

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3. $15,000 Gold? Here's Why. Why Gold & Silver? - The Movie.

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BIS taking in more gold - who are the counterparties this time?

Author: Rhona O'Connell Posted:  Wednesday , 13 Oct 2010  The latest figures from the IMF show that the Bank for International Settlements' declared gold holdings are on the increase again.  The BIS hit the headlines earlier this year when analyst Matthew Turner spotted figures in the BIS' Annual Report that showed...

WIN SILVER BULLION! 'Why Gold & Silver?' Giveaway

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Gold moves higher as investors bet on QE2

By Carole Vaporean and Jan HarveyNEW YORK/LONDON | Tue Oct 12, 2010 2:32am IST   NEW YORK/LONDON (Reuters) - Gold moved back toward its all-time high on Monday, despite late gains in the dollar, as investors prepared for what many see as a likely second round of economic stimulus by the U.S. Federal Reserve. ...

THE FEDERAL RESERVE is SELLING PAPER GOLD and BUYING PHYSICAL GOLD

Monday, 4 October 2010 By Rob Kirby A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement – physical metal only – let’s just say HUGE money.  I asked them if they would be interested in purchasing an “option” – cash up front - for the exclusive rights [first right of refusal on off-take] of a gold producer [miner]...

09/29/10 - European Central Bank Gold Sales Down 96%

09/29/10 Stockholm, Sweden – The year to September reporting is in for the European Central Bank Gold Agreement (CBGA), the group that controls the aggregate gold sales for the eurozone, Sweden, and Switzerland. The results are not that surprising — the group sold only a meager 6.2 tonnes. However, the precipitous drop in sales from the...

Europe’s central banks halt gold sales

By Jack Farchy in Berlin Published: September 26 2010 22:08 Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The central banks of the eurozone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which caps their collective sales. In the CBGA’s year to September, which expired on Sunday,...

Greenspan’s Warning on Gold - “Fiat money has no place to go but gold,”

September 15, 2010Alan Greenspan spoke at the Council on Foreign Relations earlier today, and what was his advice? That central bankers should be doing what these columns, among others, have been rattling on about, namely that they should be paying attention to gold. “Fiat money has no place to go but gold,” the former Fed chairman said at the Council, according to economist David Malpass, who quotes...

AngloGold to Raise Capital - $1.37 billion to eliminate gold hedges

LONDON—AngloGold Ashanti Ltd., one of the world's largest producers of precious metals, plans to raise about $1.37 billion to get rid of forward gold sales contracts that are weighing on its earnings. The Johannesburg-based miner is using the proceeds from an equity issue and a convertible-bond offering to eliminate gold hedges that locked the company into forward gold sales at an average price...

Gold price hits new record high

14 September 2010 The price of gold hit a record high on Tuesday, with analysts giving a number of reasons for its rise.Both the price of the actual metal and the price for buying it at a future date rose more than 2% to $1,274.75 an ounce. It was the biggest one-day gain for the commodity in four months. One of the factors spurring investors is gold's traditional role as a so-called "safe-haven"...

IMF Sells 10 Tons Gold to Bangladesh; Sales to Central Banks Now 222 Tons

LINKThe International Monetary Fund, which set out a year ago to sell about 13 percent of its gold holdings, sold 10 metric tons to Bangladesh for $403 million. The transaction brings total central bank purchases from the fund to 222 tons, according to fund data. India has bought 200 tons, Sri Lanka 10 tons and Mauritius 2 tons. A further 88.3 tons has been sold under the agency’s “on-market” sales...

Jim Sinclair - Strapping In For The Big Move

Now that expectations for Gold at very significant prices are being offered by various rational sources, there is one thing you can be sure of. That one thing is $1650. I am getting many emails asking how it is possible for the gold price to reach $1650 by early January. I suspect these are far out in time, out of the money call option buyers that have done exactly what I have warned against. That...