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I make no apology for returning to the subject of China, its role in the Shanghai Cooperation Organisation, and gold. Gold is now a strategic metal for present and future SCO governments, which between them have over 40% of the world’s population; and now that the price of gold is re-establishing its rising trend, understanding its ...
It’s easy to be bewildered by the daily noise of the mainstream media. Yet at a time when savings and wealth are threatened by the debt crisis, there is little talk about the real benefits of precious metals as a hedge against the ongoing crisis. People are completely missing the point. What about gold’s fundamental value? ...
A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets? As every effort to re-inflate and perpetuate the credit bubble is made, the words of ...
With another sell-off in precious metals leaving gold below $1,600, there is of course much talk in the media about the “death of the gold bull market”. But have the fundamentals really changed? Or is this now a chance to buy gold at a more attractive price? The truth is that no recent news supports the case for the end ...
Despite official denials by the Indian government, rumours are spreading that India and China are planning to use gold to pay for future purchases of Iranian crude oil. According to unconfirmed speculation, the Indian government is planning a swap agreement with Iran which will assure future deliveries of Iranian crude oil to be paid in ...
Markets enjoyed another “risk on” day yesterday, with stock markets and commodities all recording gains on the back of a weakening US dollar. The Dollar Index fell below 80, with the gold price also benefiting from increasing brinkmanship between Iran and western nations, with the European Union announcing the implementation ...
The gold price has enjoyed a good start to the year – rising 3.2% over the course of last week. Silver has had a slightly slower start to 2012; the sooner the white metal reclaims the psychologically important $30 mark the better as far as bulls are concerned. While silver continues to suffer at the hands of market uncertainty and ...
Gold and silver bulls endured another tough day yesterday, as silver sunk below the $28 mark, while the gold price fell towards the mid $1,500s. The lack of liquidity in the futures market at the moment has accentuated the selling pressure in these markets, with euro-weakness and US dollar-strength also hurting precious metal prices. ...
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Gold:Gold Buy Rates |
$43.7741/gg $1,361.50/oz |
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Silver:Silver Buy Rates |
$0.6931/gg $21.56/oz |
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Platinum:Platinum Buy Rates |
$45.5098/pg $1,415.50/oz |
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Palladium:Palladium Buy Rates |
$22.2483/pd $692.00/oz |
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