Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
Amid growing interest in bullion as a hedge against the dollar and inflation and a renewed rally in gold and precious metals prices, Christian Science Monitor, documents gold’s journey around the globe in a fascinating and extensive photo-essay.
Among the 20 photos in the essay are:
A member of the ‘Kaladian Tigui,’ or laborers with small pickaxes, heads to work down the Kola mine wells in Mali.
This photo taken on Aug. 4, 2009 shows villagers panning for gold at a pond in Tumpang Pitu, Banyuwangi regency in East Java.
A smelter pours a bar of gold at Kumtor gold mine in Kyrgyzstan on May 24, 2008. The intense gold production process includes blasting 50 different 50kg explosives in ore-laden rock to pour the day’s yield – two gold bars worth a total of around $1.8m.
A Bank of Taiwan employee poses with gold plates inside a branch outlet in Taipei, Taiwan, on April 21. Gold rallied above $1,500 an ounce for the first time on April 20, extending the week’s record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped.
