Posts filed under “Gold & Precious Metals”
Using the generic futures contract on Bloomberg, gold is rallying to match its all time record high at $1,257ish. With very little industrial use and with zero yield, the only reason to own gold is for jewelry and as a currency and over the past few years, the investor demand for another currency outside of…Read More
Ever wonder which countries have the biggest gold reserves? Which countries produced the most gold? Now, via Money Hacker, you know exactly who and how much: > click for ginormous oversized infographic Source: Money Hacker
Category: Gold & Precious Metals
My friend and hedge fund manager pal Paul Brodsky is quoted in the WSJ discussing Gold as a Currency. “Over the past 30 years, the correlation between the dollar and gold is minus-0.65—a high negative correlation. It means the dollar and gold are effectively on opposite ends of a seesaw. When the dollar is in…Read More
Goldline International is under investigation by the Santa Monica City Attorney’s office, jointly with the Los Angeles County District Attorney’s office, as well as being the subject of a separate investigation by Congress into the possible criminal practices. The firm has been the subject of an ABC Nightline News Exposé, as well as an investigation by NY Congressman Weiner).
FREE: add this infographic to your website!
600 Pixel Wide Version
Infographic by The Big Picture
The Financial Times – Good as GLD: While it has now become possible to buy and sell gold with a few mouse clicks through funds like the $51bn SPDRS Gold Trust (GLD), now the world’s second-largest exchange-traded fund and sixth-largest owner of gold worldwide, old-fashioned ownership of bars, coins or stakes in mines has surged…Read More