More and more investors are asking this question.

We agree with Professor Rogoff that Greece should have defaulted some time ago.

Gold closed at $1,829 in New York yesterday then slipped to $1,823 in Asia before slipping further at the London Fix to $1,815.50 in the morning, still $2 higher than yesterday afternoon’s Fix. That’s the interplay of the different markets worldwide.

In a remarkable day for gold, it closed up at $1,818 after touching $1,830 in New York. That was after a p.m. Fix of $1,824.00.

Over the weekend, gold slipped a little to $1,735 ahead of London’s opening. The euro was stronger at $1.43: €1, but these days that only means that the euro is not falling as fast as the dollar

In the last weeks we have seen the gold price jump from the price we alerted our subscribers of $1,555, to reach just over $1,800. Contrary to the view of many analysts, we do not see this as a frothy overrun from which it will pull back. On the contrary, this rise in the gold price has said so much more than simply, trading peak.

Today, you will hear that gold is rising to record highs. You will hear talk of it entering a ‘bubble’ again. This is entirely the wrong perspective!

A junior mining stock is a mining company in its early days. It may have successfully explored and found a good deposit; it may have completed a feasibility study on the deposit and have raised the finance to develop it into a mine.

Right now the markets are really starting to wind up over the debt ceiling confrontations. The weekend of U.S. political strife is on the world. It is so easy for the markets and commentators to lead us to believe that the gold and silver prices are rising because of this, but we emphasize that they are not!

Last Friday we were led to believe that the debt-ceiling crisis would be over by the start ofAsia’s business on Monday. The weekend has gone and so the deal. The markets are very nervous and beginning to worry that a deal will not be made.

Last Friday we were led to believe that the debt-ceiling crisis would be over by the start of Asia’s business on Monday. The weekend has gone and so the deal.

The Bank of International Settlement holds 500.7 tonnes of gold as at the end of 2010. Why? In the third quarter of 2009 it held just under 120 tonnes. These were part of currency/gold swaps. There are no details of the names of the counterparties. Coincidentally, they could be nearly the total of the ‘official’ gold holdings of Greece, Portugal and Spain.