Lundin closes $400-million financing to complete Ecuador gold project

With more investors realizing that safety of capital is the real reason to own gold, safe storage is more important than ever. Read more in this exclusive Gold Report interview.

It’s becoming clearer and clearer that there is a large blind spot in the minds of financial people regarding this probability. Only financial those who have been in the markets for 40+ years understand what can happen.

In this interview the CEO of Financial Sense News Hour, Jim Puplava, discusses whether we are moving into a phase of deflation or inflation and gives his views on what exactly that will mean to gold investors.

After 13 years as a listed entity Tuesday was the last hooray for IVN – a favourite of resource stock investors who enjoyed a 5% gain on the day.

Gold is at a 120-year high (at least) relative to US house prices. Likewise, it is at a 74-year high relative to US wages, at multi-generation highs relative to wheat, coffee and cocoa and at the same price relative to the cost of a Yale education as in the first decade of the 20th century.

Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.

Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.

AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.

On Monday conflicting reports about the outcome of a four-year old probe into possible price manipulation of silver left investors perplexed about the future trading direction of the precious metal.