Gold Rises To New Record In GBP - Close to Near Record Highs In Euros And Most Currencies On Global Debt Contagion Risk

Tyler Durden's picture

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GeneMarchbanks's picture

You can still buy gold? Who knew.

oh_bama's picture

try to find a weak currency and it is always record against gold

but what is the point?

SilverShortage's picture
Bob Chapman explains what 'Trading Over The Counter Gold & Silver to be Illegal starting July 15 ' really means

Bob Chapman  of the International Forecaster explains in details what the 'Trading over the counter gold and silver " becoming illegal starting from July 15 really means , he says you should not worry about it , it is not going to affect the general public of bullion gold and silver buyers this is a market for professionals the aim for this legislation is to create panic confusion among the public and scare them from longing gold and silver while shorting the dollar bob Chapman says it is psychological warfare and you should not worry about it....

>>>> http://goldbasics.blogspot.com

 

 

>>>> http://Bobchapman.blogspot.com

 

 

Gold price will shoot to jupiter this summer

hugovanderbubble's picture

Be careful with the Put/call Ratio at highs of last years...

Zero Govt's picture

yep PM's are pretty much the best performing asset class out there for the past decade ...as James Turk said the other day, the real "Barberous Relic" is central banking

topcallingtroll's picture

Gold seems to becoming a risk off asset. I dont think it would be that eay with a sustained contraction and positive real rates, but we may never see that combination again with today's central bankers.

magpie's picture

"barberous" as in haircut-worthy ?

sorry Zero Govt not normally nagging on typos/spelling mistakes, but too funny.

Long-John-Silver's picture

and Silver is that Hot Blond that takes you to bed after dinner and then acusses you of rape the next morning.

Al Gorerhythm's picture

Crap! I get a bit overdrawn on my line of credit and the bank is all over it like a rash. The Greeks get a lot overdrawn and the banks are falling over themselves trying to give them some more. Maybe if I change my name to AL Exandro

Badabing's picture

As the tide goes out all boats decend, I stand on an island of gold.

Internet Tough Guy's picture

Default risk has not changed; it is still 100%.

writingsonthewall's picture

Watch and learn Gold bears.

Inflation threat - Gold goes UP

Deflation threat - Gold goes UP

The ONLY thing to bring Gold down is changing margin requirements.

This isn't about 'investment' - this is all about safety.

tiger7905's picture

Sinclair and Norcini on the depressed miner's share prices.

http://goldandsilverlinings.com/?p=1275

topcallingtroll's picture

Praise be to Die Spiegel.

Without a free press socialism might have lived a bit longer.

All of you do know socialism depends on trust that tptb are expanding government and taxes to benefit the people. When that trust disappears socialism dies.

Individual liberty thrives in weak governments where people are cynical and dont trust any politician.

Bazooka's picture

On the other news, Gold and Silver are down based on USD. This is what the market follows and measures per any other currency is ancillary. BTW, GOLD and Silver have been falling with equities and on a relief rally, they too will rise for a little while with equities. 

Gold and Silver.....safe haven my ass!

Confucious 222's picture

Forgot your dot gov again, badzooka

goldfish1's picture

New to the shill game?

I think you can do better.

topcallingtroll's picture

Gold cant survive a contracting economy with positive real interest rates. The question is does the government have the resolve and power to prevent it.

Bicycle Repairman's picture

"Gold and Silver are down based on USD"

*POP*

WilliamShatner's picture

I say, gold bitchez!