Posted by Dr. Constantin Gurdgiev January data is out for US Mint sales and time to update my semi-regular analysis. Here's the note. I am putting a disclaimer below - so the Irish stuffbrokers' community that somehow gets their facts wrong when no one is around to correct them breaths easier. Everything you read below is my personal opinion informed by my analysis of the official data from the US Mint. January d
4 January, 2012
2012 Outlook for Gold – Positive Fundamentals Remain and Crucial Diversification
• Introduction – Gold in 2011 • Money Creating Central Banks May Push Gold to New Nominal Record in 2012 • Central Banks Will Continue To Be Net Buyers of Gold • China Foreign Exchange Diversification Should Support Demand • PIIGS Lesson: Iceland Shows How Gold Protects From FX Crises •
8 December, 2011
Gold as Store of Value
Stephen Harmston, an Oxford University graduate, is an economist at Bannock Consulting which specialises in business research and economic consultancy. He has written reports for a broad range of public and private sector clients.
"Gold is a wonderful thing! Whoever possesses it is lord of all he wants. By means of gold one can even get souls into Paradise." Columbus letter from Jamaica, 1503 (Cited by Karl Max, Das Capital, Vol 1)
6 December, 2011
Gold as a Strategic Asset for European Investors
During a period of extraordinarily serious economic uncertainty in the euro area, we wanted to examine the relevance of gold as a strategic asset for euro-based investors to protect their portfolios and to mitigate the sytematic risks being faced.
Click here to download full document.
17 November, 2011
WGC Gold Demand Trends: Third Quarter 2011
Third quarter gold demand increased 6% year-on-year to 1,053.9 tonnes, worth a record US$57.7bn. A strong rise in investment demande drove the growth in overall demand, as investors across the globe sought wealth preservation, portfolio diversification and strong returns. Mine supply increased slightly, with mine production and recycling activity both contributing to the rise (WGC).
16 November, 2011
Euro Gold Outperforming Bunds and Euro Assets / Celente’s MF Global Gold Account ‘Looted’
Gold is trading at USD 1,775.20, EUR 1,318.30, GBP 1,125.30, CHF 1,630.20 , JPY 136,576 and CNY 11,263 per ounce.
Gold’s London AM fix this morning was USD 1,773.00, GBP 1,124.43, and EUR 1,311.49 per ounce.
Yesterday's AM fix was USD 1,765.00, GBP 1,113.99, and EUR 1,302.39 per ounce.
15 November, 2011
Paulson Sells Gold ETF – Buys Physical Bullion? Soros Not Gold Bearish
Gold is trading at USD 1,768.20, EUR 1,305.30, GBP 1,113.30, CHF 1,620.20 , JPY 136,076 and CNY 11,223 per ounce.
Gold’s London AM fix this morning was USD 1,765.00, GBP 1,113.99, and EUR 1,302.39 per ounce.
Yesterday's AM fix was USD 1,780.50, GBP 1,115.29, and EUR 1,299.06 per ounce.
Gol
14 November, 2011
Gold Call Options at $2,000/oz – Goldman and Credit Suisse Bullish Due to US Interest Rates
Gold is trading at USD 1,778, EUR 1,300.20, GBP 1,114.90, CHF 1,606.10, JPY 136,750 and CNY per ounce.
Gold’s London AM fix this morning was USD 1,780.50, GBP 1,115.29, and EUR 1,299.06 per ounce.
Friday's AM fix was USD 1,764.00, GBP 1,109.02, and EUR 1,294.39 per ounce.
Gold is m
10 November, 2011
Eurozone Failure Could Send Shockwaves Around World Akin to Soviet Union
Gold is trading at USD 1,770.10, EUR 1,299.50, GBP 1,110.30, CHF 1,599.20, JPY 137,360 and CNY 11,200 per ounce.
Gold’s London AM fix this morning was USD 1,766.00, GBP 1,109.09, and EUR 1,299.01 per ounce.
Yesterday's AM fix was USD 1,780.00, GBP 1,112.50, and EUR 1,300.41 per ounce.
Go
9 November, 2011
Gold Over EUR 1,300 - On Way to ‘Infinity’ on Eurozone Contagion?
Gold is trading at USD 1,783.10, EUR 1,307.50, GBP 1,116.30, CHF 1,612.20, JPY 138,315 and CNY 11,309 per ounce.
Gold’s London AM fix this morning was USD 1,780.00, GBP 1,112.50, and EUR 1,300.41 per ounce.
Yesterday's AM fix was USD 1,794.00, GBP 1,114.49, and EUR 1,301.51 per ounce.
Risk has returned with a vengeance as Italian debt markets have gone into meltdown leading to falls in European equity indices. Gold remains near a seven week high and has risen to above EUR 1,305/oz due to the deepening Eurozone crisis and contagion risk.
8 November, 2011
US Mint Gold Coin Data and Research Casts Doubt on ‘Gold Bubble’
Gold is trading at USD 1,790.10, EUR 1,300.60, GBP 1,114.30, CHF 1,606.20, JPY 139,690 and CNY 11,362 per ounce.
Gold’s London AM fix this morning was USD 1,794.00, GBP 1,114.49, and EUR 1,301.51 per ounce.
Yesterday's AM fix was USD 1,764.00, GBP 1,102.78, and EUR 1,286.65 per ounce.
Gold remains firm in all currencies after yest
7 November, 2011
Germany to G20: German Gold “Must Remain Off Limits”; Italian Gold Sale Again Proposed in Germany
Gold is trading at USD 1,767.90, EUR 1,283.90, GBP 1,101.60, JPY 138,011, CHF 1,583.90, and AUD 1,711.70 per ounce.
Gold’s London AM fix this morning was USD 1,764.00, GBP 1,102.78, and EUR 1,286.65 per ounce.
Friday's AM fix was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61 per ounce.
Gold pri
4 November, 2011
Central Banks Quietly Accumulating Gold - Declared Purchases of 206 Tons Through September 2011
Gold is trading at USD 1,759, EUR 1,271.10, GBP 1,097.40, JPY 137,261, CHF 1,552.30, and AUD 1,690.40 per ounce.
Gold’s London AM fix this morning was USD 1,756.00, GBP 1,096.47, and EUR 1,269.61per ounce.
Yesterday's AM fix was USD 1,732.50, GBP 1,083.69, and EUR 1,257.25 per ounce.
Gold is l
1 November, 2011
Global Depression, Sovereign Default and Hyperinflation Are Top “Extreme Risks” Today
Gold is trading at USD 1,702.93, EUR 1,241.52, GBP 1,069.63, JPY 133,157, AUD 1,648 and CHF 1,513.71 per ounce.
Gold’s London AM fix this morning was USD 1,702.00, GBP 1,067.69 and EUR 1,243.06 per ounce.
Yesterday's AM fix was USD 1,718.00, GBP 1,072.88 and EUR 1,227.23 per ounce.
28 October, 2011
Gold Research Again Proves Gold as “Risk Management Vehicle” and “Store of Wealth”
Gold is trading at USD 1,736.36, EUR 1,227.21, GBP 1,078.67, JPY 131,718, ZAR 13,432/oz and CHF 1,500.36 per ounce.
Gold’s London AM fix this morning was USD 1,735.00, GBP 1,077.91 and EUR 1,224.50 per ounce.
Yesterday’s AM fix was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce.
28 October, 2011
Gold: Alternative Investment, Foundation Asset
The World Gold Council has produced another excellent piece of research entitled ‘Gold: Alternative Investment, Foundation Asset’. The research looks at diversified portfolios which contain non-traditional assets such as private equity, hedge funds, real estate and commodities and finds that such portfolios can be enhanced by a “discrete allocation to gold as a foundation.”
In summary, the report suggests that even if investors hold alternative assets, they are no substitute for the protection that a distinct allocation to gol
27 October, 2011
EU’s ‘Grand Plan’ Leads to More “Irrational Exuberance” and Prevents Contagion
Gold is trading at USD 1,722.10, EUR 1,228.20, GBP 1,076, JPY 130,520 , AUD 1,622.40 and 10,955 CNY per ounce.
Gold’s London AM fix this morning was USD 1,708.00, GBP 1,067.83 and EUR 1,219.74 per ounce.
Yesterday’s AM fix was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce.
Gold rose to a one month high of $1,728.70 immediately prior to the deal. It gradually fell as risk appetite returned to markets but has recovered some of the losses incurred going into the London AM Fix. Euro go
26 October, 2011
Gold Breaks Out and Consolidates Above $1,700/oz – Financial Alchemy Risks Severe Inflation
Gold is trading at USD 1,708.20, EUR 1,230.11, GBP 1,071.37, JPY 129,700, AUD 1,650 and CNY 10,864 per ounce.
Gold’s London AM fix this morning was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce.
Yesterday’s AM fix was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce.
25 October, 2011
Gartman: EU Debt Plan to Hurt Currencies - Buy Gold in USD, GBP and EUR as “Is a Currency”
Gold is trading at USD 1,662.10, EUR 1,191.70, GBP 1,038.50, JPY 126,592.0, AUD 1585 and CNY 10,572/oz.
Gold’s London AM fix this morning was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce.
Yesterday’s AM fix was USD 1,651.00, GBP 1,035.56 and EUR 1,191.37 per ounce.
