The real move in gold hasn’t started yet, Pacific Group to convert a third of hedge-fund assets to gold, Russia to keep buying gold

Published by Goldbroker ™ | Jan 25, 2013 | Press Review

The real move in gold hasn’t started yet, it is still to come
Published Jan 18, 2013 on Goldbroker

Some investors are disappointed as gold only went up 7% in USD in 2012. After having compounded at over 19% p.a. over 11 years, gold certainly should be allowed to just gain 7% without some people calling an end to the bull market. Those who believe the bull market is over are mainly the investors who have missed gold going up almost 7 times in since 1999.

The real move in gold hasn’t started yet, it is still to come.

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Philippe Herlin : Japan’s Escape Ahead
Published Jan 24, 2013 on Goldbroker

Japan just crossed another hurdle in its escape ahead by monetization of its debt in what can be called a show of strength by the new Prime Minister, Shinto Abe, against Japan’s central bank.

Shinto Abe continues with a policy that doesn’t work, with a recovery plan of 20,200 Billion yen (175B euros). Which will cause more budgetary deficits. Despite the different governments, Japan keeps going ahead and is going full steam toward a default or hyperinflation.

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Pacific Group to convert a third of hedge-fund assets to gold
Published Jan 21, 2013 on Gata

The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt.

The Hong Kong-based asset manager plans to take delivery of $35 million worth of gold bars that can be traded on the London Bullion Market Association and other international markets, William Kaye, its founder and chief investment officer, said in a telephone interview on Jan. 18. It has secured vault space at Hong Kong International Airport to store the gold, he said.

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Standard Bank Says Physical Gold Purchases Unusually High
Published Jan 23, 2013 on Bloomberg

Physical gold demand has been unusually strong for this time of year, with “good buying” from Southeast Asia, according to Standard Bank Plc.

The Standard Bank Gold Physical Flow Index signaled demand climbed to the highest since November, the bank wrote in an e- mailed report yesterday

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Thinking Silver? Talk To The Gold-Bugs
Published Jan 23, 2013 on Bullionbullscanada

It is a reality of life that those investors who favor gold (and silver) as their preferred asset-class need to have ‘thick skins’. On aggregate, Western investors are holding roughly 1/10th the amount of gold and silver which they have held (in similar circumstances) in the nearly 5,000 years since we first began refining “good money.”

Strip away the “gold bugs” however, the less-than-5% of the general population who hold virtually all of our gold (and silver); and the Average Investor (in Western societies) is only holding approximately 1% as much bullion as in any similar circumstances, in the thousands of years since we first began refining these metals.

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Azerbaijan to Withdraw all Gold from JP Morgan Vaults
Published Jan 21, 2013 on Silverdoctors

The State Oil Fund of Azerbaijan has withdrawn the first ton of its physical gold from JP Morgan vaults, and placed it in their own Central Bank vaults in Baku.

The Fund has announced it will withdraw all of its physical gold assets from JP Morgan warehouses in London.

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Russian central bank to keep buying gold, moving away from risky paper assets
Published Jan 24, 2013 on Gata

The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky.

The Bank of Russia has built up the world's fourth-largest foreign reserves, worth $530 billion, by buying oil export dollars to keep the rouble competitive. The hoard includes two rainy-day budget funds that guard against fiscal shocks.

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Gold Seen by Morgan Stanley Extending Rally as QE3 Runs to 2014
Published Jan 24, 2013 on Bloomberg

Gold will rally this year and into 2014 as U.S. Federal Reserve policy makers will probably maintain asset purchases for two more years to buttress the recovery of the largest economy, according to Morgan Stanley.

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Why Gold is not in a Bubble : Interview of Egon von Greyerz by Fabrice Drouin Ristori
Published Jan 10, 2013 on Goldbroker

Fabrice Drouin Ristori, founder and CEO of Goldbroker.com interview Egon von Greyerz, founder of Matterhorn Asset Management (Goldswitzerland.com) and board member of Goldbroker.com.

In this interview recorded in Zurich, Egon von Greyerz explains why it's important to own gold outside the banking system and why gold is not in a bubble.

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