Coin Info News
The next move for Gold to set new all-time highs this year i
Posted: 2012-02-22 11:00:45The next move for Gold to set new all-time highs this year is days away By Barry Stuppler Feb. 22nd, 2012 I believe that all the elements are now in place for a Gold break-out move from the current $1700/$1760 trading range. This move will happen very soon. There will be a short pause when it breaks into the $1,800 level, and then we are heading for new highs before the summer. What are the key elements to the coming gold move? 1) More Global Quantitative Easing (monetary stimulus) is on the way Both Great Britain and Japan have recently announced massive increases in monetary stimulus programs. The Eurozone countries have currently given problem banks that are holding sovereign debt massive injections of euros, and are also preparing massive amounts of monetary ... read more
Gold and Silver Daily Market Update 02-21-12
Posted: 2012-02-21 13:14:22By Barry Stuppler GOLD Gold is off and running again based on the world news released over the long weekend. Both the developments in China and Greece (Shown below) are highly bullish for gold and will be the catalyst for the gold break-out above the $1,760 resistance level I have been looking for. At 11am PST, Gold is up $28.20 from Friday’s close, trading at $1,752.80 per ounce on high volume. CHINA China cut its required reserve ratio over the weekend, joining a number of central banks in relaxing monetary policies to promote economic growth while the euro zone debt crisis continues to overhang the global economy. GREECE Euro zone finance ministers agreed to the 130-billion-euro ($172 billion) Greek rescue package on Tuesday. These funds will resolve its immediate financing needs ... read more
Quote of the Day 02-21-12
Posted: 2012-02-20 15:41:23Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs. Peter Drucker ... read more
$1million in gold coins found in rafters!
Posted: 2012-02-16 12:37:48Cash in the attic! $1million in gold coins rains down from the rafters as workers renovate vineyard building in Champagne Treasure trove of 497 coins found in former grape-drying facility in village Pieces were minted between 1851 and 1928 Unknown how they came to be in attic but building was owned by wine producer who traded with Britain and U.S. in 1930s By Graham Smith Last updated at 4:17 PM on 16th February 2012 A team of builders renovating a vineyard facility in France were stunned when U.S. gold coins worth $1million rained down on them from the rafters. The treasure trove of 497 coins was hidden in the attic of an old building in the ... read more
Buffett vs Cutifani on gold
Posted: 2012-02-15 20:22:31"It must be embarrassing to get it so badly wrong in the gold sector", Chief Executive of AngloGold Ashanti told Moneyweb. ALEC HOGG: Talking about risks, Warren Buffett decided to have a go at the gold industry again, this week he wrote in Fortune Magazine that’s a valueless asset and that there’s a self-inflating bubble and that gold investors are going to be left with egg on their faces. I know you don’t agree with him but why? MARK CUTIFANI: Well, firstly Warren’s been wrong for 5000 years. He’s been an astute investor obviously in a whole range of other asset classes and it must be embarrassing to get it so badly wrong in the gold sector and I think that’s ... read more
Eureka! When Gold Struck Me
Posted: 2012-02-15 09:18:23Wednesday, 15 February 2012 By Andre Sharon Probably more nonsense has been expended on discussions of gold than on any other investment vehicle. Including by me - until my eureka moment. THE TWO EXTREMES On one side are the true believers who become almost fanatical in their devotion. Incas waxed lyrical about gold, calling it "the tears of the sun." Ancient Egyptians called it "the skin of the gods." It has been coveted and sought after from time immemorial at practically any cost, including moral considerations. Lovers symbolically pledge their devotion with it, poets and musicians rhapsodize about it, and most people measure excellence by reference to it. Gold's detractors are equally passionate about it. Keynes called it a "barbarous relic." Charlie Munger more succinctly called it "stupid." In his ... read more
How Warren Buffett Looks at Stocks vs. Gold Investing
Posted: 2012-02-14 13:48:37Written By: Bill Bonner for The Daily Reckoning Where we part company with Warren Buffet… Here’s the Sage of Omaha, explaining, in Fortune Magazine, why bonds are dangerous: Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and other instruments. Most of these currency-based investments are thought of as “safe.” In truth they are among the most dangerous of assets. Their beta may be zero, but their risk is huge. Over the past century these instruments have destroyed the purchasing power of investors in many countries, even as these holders continued to receive timely payments of interest and principal. This ugly result, moreover, will forever recur. Governments determine the ultimate value of money, and systemic forces will sometimes cause them to gravitate to policies ... read more
Gold Heading Back Towards A Monetary System, Not Away
Posted: 2012-02-14 10:17:45Posted by Jim Sinclair on February 14, 2012 @ 8:57 am in General Editorial Dear Extended Family, The Gold Aficionado’s greatest fear is totally without basis. The price of gold will not fall significantly from its points of true standard valuation and the introduction of a new currency system. Gold is heading back towards a monetary system and not away from it. The producing gold company of the future is the new utility as it dividends a majority of its profits to its shareholders. The fact that gold is money and not a commodity is the safety latch that opens on its own when all other forms of money close. Gresham’s Law is human nature seeking a standard when all other forms of exchange have mutated to casino chips ... read more
