US Mint Running Out of 1/10oz Gold Coins
Published Apr 23, 2013 on Goldbroker
The US Mint has just announced it would stop selling 1/10oz gold coins. The disconnect between « paper » gold and physical gold is nearing its terminal phase.
The spot price does not reflect the physical reality anymore. It cannot be trusted anymore in determining the real value of gold (or of silver), as attested by the growing spread.
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Refiners Can’t Keep Up With Massive Global Gold Demand
Published Apr 19, 2013 on Kingworldnews
Egon von Greyerz spoke with King World News about the massive global demand for gold and the incredible strain it is putting on refiners. Greyerz also talked about retail gold buyers queuing up all over the world :
“I will tell you some very important reasons why investors should not worry about the recent turbulence in the gold market. First of all it was a smash in paper gold. If you look at our company, as just one example, we did not have one single seller in the last few weeks. So during this takedown in gold and silver there wasn’t one single seller, only buyers.... "
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Gold Traders Most Bullish in Month as Buying Surges
Published Apr 26, 2013 on Bloomberg
Gold traders are the most bullish in a month after mints around the world said demand for bullion coins is surging and central banks added to reserves even as prices slumped the most in three decades. Fifteen analysts surveyed by Bloomberg expect prices to rise next week, 11 were bearish and three were neutral.
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Stunning & Massive Run On Physical Gold & Silver Continues
Published Apr 25, 2013 on Kingworldnews
A legend in the business told King World News there is a continued massive run on physical gold and silver. Keith Barron, who consults with major gold companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, spoke about this remarkable situation and what it means for investors.
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US Mint Gold Sales Surge To Highest Since 2009
Published Apr 24, 2013 on Zerohedge
First it was a tripling of gold sales at the UK Royal mint, and now with just 23 days in the month of April gone, it is the US Mint's turn to reports that more gold has been sold month to date than any month since December 2009 when a record 231,500 ounces were sold.
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Ron Paul on Gold: No One Knows Value; I'm Buying
Published Apr 23, 2013 on Bloomberg
Ron Paul, Former Congressman from Texas, discusses his views on gold, central banks, and the weakened Republican Party.
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Be bullish on gold as long as chaos reigns
Published Apr 24, 2013 on Marketwatch
Was the rout in the gold market this month the signal that the long-term bull market in the precious metal is over?
Despite market panics, gold remains a bull market. It is bet on a chaotic global economy. And that isn’t about to disappear any time soon.
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Is the Euro a Monster With Multiple Heads?
Published Apr 25, 2013 on Goldbroker
By wanting to respect each country’s whims and maintaining the fiction of « national » central banks despite the creation of a unique currency, the euro promoters have created an explosive internal systemic risk.
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