World Bank President: Time To Diversify Out Of The Dollar
According to Robert Zoellick, World Bank President and former Goldman Sachs head and US Secretary of State, you shouldn’t take the US Dollar’s reserve currency status for granted. Swelling government...
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Gold Hits Record High!
Gold just broke the previous intraday record and touched $1,043 per ounce. It’s currently trading around $1,038. This spike may have been caused by a news report that appeared in the Independent...
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Gold breaks $1,100: Does It Matter?
Last week, gold prices briefly touched $1,100/oz before settling just under that number. Apparently the Indian government decided to sell US dollars and make a 200 ton gold purchase from the IMF,...
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Gold Is A Lousy Investment
Gold hit another record today and is currently trading over $1,100 as I write this. However, it hasn’t prevented several news stories coming out about how gold is a lousy investment. Investment...
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Venezuela Devalues Its Currency
Here’s an interesting article by Dominic Frisby about Venezuela’s devaluation, the effect on a country’s currency and the relation with gold prices. Gold bugs are forever telling you to buy gold...
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Gold Closes At Record High
Gold closed at a record high today of $1,237/ounce but surged to nearly $1,250/ounce in intraday trading. The gold ETF, GLD, also reported record inflows this week of $2.3 billion dollars. The ETF also...
View ArticleNew Year’s Predictions And Why Bernanke Sports A Beard
Let’s face it, European countries are bankrupt. First it was Greece and Ireland. Now it’s Portugal. Pretty soon it’ll be Spain and Italy. Politicians will never admit there’s a problem. Portugal’s...
View ArticleGold Closes Above $1,700 – U.S. Turning More Japanese
Gold broke another record today, closing just over $1,700/oz. The Dow Jones Industrial Average dropped 634 points (5.5%) and not surprisingly, US Treasuries jumped. This was the expected response to...
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Does Gold Belong in Your Portfolio?
But despite the panic of 2008, the belief that gold is a foolish “investment” still persists. I’ve been a strong advocate of gold and silver since 2005. Back then, I sold my condo and used some of the...
View ArticleTaking Investment Advice from the Federal Reserve
Unless you’ve just woken up from a week-long coma, you already know that Ben Bernanke, Chairman of the Federal Reserve, announced the Fed is going to maintain its Zero-Interest Rate Policy for the next...
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