Archive - 2013 - Blog entry

China bought more than 100 tonnes of gold from Hong Kong for a fifth straight month in September as demand for bullion bars and jewellery stayed strong. Chinese demand appears to have fallen marginally in recent days but remains on track to overtake India as the world's biggest store of wealth gold buyer this year.

It’s Only Tyrannical When OTHERS Do It

There are three dimensions to the broader investment climate:  the trajectory of Fed tapering, the ECB's response to the draining of excess liquidity and threat of deflation, and Chinese reforms to be unveiled at the Third Plenary session of the Central Committee of the Communist Party. 

If there is one single event that could derail the euro experiment it is the German Federal Constitutional Court ruling on the European Stability Mechanism (ESM) and Outright Market Transactions (OMT).

Who would you trust your Apple investment capital to, me or Piper Jaffray rock star analysts?

While some harp on about the growing dangers of yet another housing bubble in the western world, there are other more important things perhaps that are going on in other countries in the world.

Just when the dollar's last rites were being considered, it has bounced back and looks poised to move higher in the days ahead.

Just a few days ago Alan Greenspan’s latest piece of work was published (October 20th 2013). It’s entitled The Map and the Territory: Risk, Human Nature, and the Future of Forecasting.

Proof that NSA Spying Is Not Very Focused On Terrorism

The bailed-out owner of the Fukushima nuke, famous for its lackadaisical handling of the fiasco and its stinginess with the truth, reported earnings. It was a doozie.

The Outrage!

Gold had a good run for twelve years but has fallen by as much as 20% this year alone. Is that set to continue?

Don't be frightened boys and girls. It's just the government...

Are we at the beginning of a new cycle of rising interest and rising prices? No, and here's why.

Demand for gold in the Middle East remains robust and there has been an eightfold increase or 700% increase in demand in recent years. Geopolitical uncertainty in the region, from Libya to Egypt to Syria and Iraq and Iran is leading to demand for bullion.

Thus, the Dubai Gold & Commodities Exchange plans to list a spot gold contract in the second quarter of next year. The bourse, which offers gold and silver futures, is talking to local merchants and industry organizations and aims to get regulatory approval for the product by early 2014, Chief Executive Officer Gary Anderson told Bloomberg. Demand for bullion in Dubai expanded eightfold in the last six to 10 years, he said.

Dubai accounts for about 25% of global physical gold trade and the United Arab Emirates will grow as a precious metals trading hub partly because of its location near the largest consuming nations, according to the Dubai Multi Commodities Centre, which owns a majority stake in the DGCX.