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...