Published in Articles of Interest  Commentary  Gold 

Central Banks Favouring Gold Again Especially the "Elephant in the Room" China

Gold rallied 2% following news that China’s state holdings of the metal have been quietly raised by 76% since 2003. Rumours and speculation about Chinese buying have been rife for years, but many market participants remained in denial until this irrefutable proof was given. China is not only the world’s largest mine producer of gold, but also the fifth-largest individual country holder of gold with 1,054t.

Published in Articles of Interest  Commentary 

FT: Ten Principles for a Black Swan-Proof World

The Financial Times published a relevant and interesting article by Nassim Nicholas Taleb, a veteran trader, a distinguished professor at New York University's Polytechnic Institute and the author of The Black Swan: The Impact of the Highly Improbable.  1. What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks – and hence the most fragile – become the biggest. 

Published in Articles of Interest  Commentary  Gold  Silver 

Adrian Douglas: Why Own Physical Gold & Silver

Adrian Douglas of Market Force Analysis writes that in his experience, most ordinaly people have difficulty understanding why gold is the investment opportunity of a life time. Blaming the messenger, he explains it in simple terms, making a distinction between consumables and collectables:

Published in Articles of Interest  Economics  Silver 

Moneyweek: UK House Prices in Terms of Ounces of Silver

Moneyweek's Dominic Frisby writes that he is detecting a certain amount of bullishness in the UK housing market. People with cash are talking about buying to take advantage of  lower property prices and interest rates. Nevertheless, he says,

Published in Articles of Interest  Economics 

Diamonds and Jewelry as "Rock Solid" Investments

There have been a spate of articles in the press recently including the Personal Finance section of the Irish Times touting jewellery and diamonds as safe haven “rock solid” investments.

Rock solid investment

Published in Articles of Interest  Economics 

Jim Rogers: The dollar is a flawed currency

Excerpts from The Financial Times' View from the Markets online interview with Jim Rogers:

FT: It’s a year since we last interviewed you.

Published in Articles of Interest  Economics 

12 Survival Tips for the Coming Global Recession

ARROYO GRANDE, Calif. (via MarketWatch) -- A record 130 million voters are predicted to head to the polls Tuesday. The bad news: 65 million, roughly 50% of all voters, will be miffed, mad at, angry with, even hate the new president ... no matter who wins! Half against Obama, half against McCain. Eith

Published in Articles of Interest  Gold 

Savers in stampede to safety - the Guardian's front page today

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Yet Gold is off $28 and Silver $1.20 today. What is going on in the futures market?

Published in Articles of Interest  Wealth Management 

Financial advisers switching to fee-based remuneration

Research by Skandia has revealed that the majority of IFAs intend to shift away from commission-based remuneration over the next three years.

Published in Articles of Interest 

Bear bet that netted £141m throws fresh suspicion on collapse

It seems that Wall St. are trying to blame the straw for breaking the camel's back.

Published in Articles of Interest  Economics 

Global Derivatives Market now valued at $1.14 Quadrillion!

The Bank of International Settlements, which seems to be the only institution that tracks the derivatives market, has recently reported that global outstanding derivatives have reached 1.14 quadrillion dollars: $548 Trillion in listed credit derivatives plus $596 trillion in notional/OTC derivatives.

Yes, that is Quadrillion. One and 15 zeroes!

Published in Articles of Interest  Silver 

GI quoted in MarketWatch: Silver's more than a sparkle in investors' eyes

GI believe all investors should have a precious metals allocation of at least 25% to silver and either buy silver outright now or should transfer from gold to silver at the earliest possible opportunity.

We believe $50

Published in Articles of Interest  Wealth Management 

RTE Primetime: Financial 'Advice' Exposed

Following the Thursday night RTE documentary on Irish Financial Advisers, Gold Investments' Wealth Management Division, Wealth N, would like to issue the following statement: -

The misleading, unethical and disturbing financial 'advice' seen in last night’s excellent Primetime programme may only be the tip of the iceberg and we call upon the Financial Regulator to become more proactive in protecting investors, young and old alike, from the predatory, dishonest commission dr

Published in Articles of Interest  Gold 

Gold rush fever returns

The Telegraph is reporting today on the 'New Gold Rush':

With the discovery of gold there in 1848, the California Gold Rush brought 300,000 people into the state, transforming what was then a backwater into the embodiment of the American Dream.

Published in Articles of Interest  Economics  Whimsy 

Max Keiser: Why You Shouldn't Spend Your Stimulus Check

It might not be morning again in America but Bush hopes to wake up the economy via his Economic Stimulus Act of 2008. The stimulant – pumping more than $152 billion (or about 1% GDP) into the economy via tax rebate cheques - will start arriving in the mailboxes of Americans over the next three weeks.

The plans proponents are optimistic. Hank Paulson, in a speech confirming that no second stimulus plan would be undertak

Published in Articles of Interest  Economics 

U.S. housing collapse spreads overseas

"We know we're already in negative equity," said Emma Linnane, a 31-year-old university administrator. She bought a cozy, one-bedroom apartment in the Dublin suburbs with her fiancé, Paul Colgan, in May 2006, at the peak of the market. They paid €365,000, or $575,000

Published in Articles of Interest  Economics 

The Great Depression Redux

The London Independent leads with the headline "The Great Depression" today.

1.1 million Ohio residents alone recieve food stamps,

Published in Articles of Interest  Video 

Bloomberg: Jim Grant on the recent actions of the Federal Reserve (Video)

Jim Grant, founder and editor of the highly respected Grants Interest Rate Observer and one of the world's leading experts on US and international interest rates and financial markets appeared on Bloomberg's "Taking Stock" on Tuesday, March 24.

Published in Articles of Interest  Video 

Ron Paul on CNBC: 'Abolish the Federal Reserve'

Ron Paul appeared on CNBC's Kudlow & Company last week; making his case to abolish the Federal Reserve and work back towards the gold standard:

Michelle Cabrera shouldn't sound so incredulous, didn't Jim Rogers appear on CNBC just recently saying the same thing? Int