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Who is buying gold? India’s gold and silver imports leap by 500%.
A while ago I wrote about how the Chinese people were buying more and more gold coins and gold bars. Here is an excerpt from that post: “The total amount of household savings invested in gold has...
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Owning gold, Central Banks, and ships in stormy weather.
First, what are “central banks”? According to Wikipedia: “A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and...
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Who is buying gold? South Korea just bought 25 tonnes of gold to diversify...
When analysts start talking about gold bubbles, I like to step back and take a look at what some of the most conservative gold investors are doing. Sure, individual investors can get carried away with...
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If you are looking for an investment with an AAA credit rating, buy gold.
For the first time since 1917, S&P has reduced the US credit rating from AAA to AA+. The full implications of this change remain to be seen. But one fairly clear outcome is that many foreign...
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Why are the world’s Central Banks buying more gold?
Action on the gold market has been a little flat over recent months, to say the least. The price has moved up and down on a regular basis since the beginning of the year, but not dramatically up or...
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China is buying hundreds of tons of gold. Here is why…
In an earlier post I wrote about how Central Banks around the world have been busy buying gold bullion. I also mentioned that in China consumer demand for gold is down. And that’s true. Consumer...
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North Americans don’t own enough gold. And that leaves us ridiculously...
Do you own gold, in the form of gold coins or bars? Do you know other people who own gold and store it at home or in a safety deposit box at the bank? Based on the overall demand for gold in North...
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Owning gold keeps you independent of a system that controls you.
How dependent are you on your government? How dependent are you on big business for your health, your food, your home and your major utilities? The more dependent you are, the more vulnerable you...
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Ben Bernanke can’t print gold. Thank goodness.
As you know, Ben Bernanke, chairman of the Federal Reserve, recently outlined his plan for ongoing quantitative easing with QE3. Basically the Fed will keep printing money, pass it down the line to the...
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Who is buying gold: Paulson, Soros, Robertson and others.
While I always remain skeptical about the opinions of gold experts, I do take notice when a few of the more notable gold buyers start stocking up on my favorite metal. Over the last few days I have...
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