It feels a little callous writing about Japan with respect to precious metals after the country suffered such a terrible tragedy. However, I think it’s worth discussing because there’s a lesson in it for all of us. In fact, I think the moral could be couched in terms of a warning.
GFMS produced the report for the Silver Institute published last week. We have used this as a basis for this article on silver supply and demand in the last three years. Our objective in this piece is to have recent history confirm what we expect of the future for silver.
Scientists in British Columbia are researching a new mineral exploration technique that relies on three-dimensional “pictures” of ore deposits. The inventor of the technology, Dr. Doug Bryman, says his research started about five years ago, when he was approached by people in the mining industry who were looking for techniques to find high-density underground ore deposits.
"The bottom line is that your own financial and psychological preparedness for dealing with volatility will determine whether you come out of the next year or two substantially better off—or substantially worse," says Rick Rule. "It's your responsibility to determine your response and hence your own financial future."
In this missive we reply to the supposed reasons against investing in Gold.
On Thursday, March 24th, gold hit another record high of $1448.60 an ounce as it attempted to breach the $1450 an ounce level for the first time in the history of the yellow metal.
The gold price fell in Asia after the 125-page report on world markets was issued by the People’s Bank of China, the Chinese central bank. In it, it said, "We need to note that gold prices have reached historical highs, and its downward risks should not be overlooked."
Congo authorities seized 435 kilos (957 pounds) of gold and $6.5 million in cash in smashing a plot to smuggle the haul abroad from the country's anarchic east, officials said on Saturday. The Democratic Republic of Congo's state prosecutor said five people including an American and two French citizens, as well as an impounded, U.S.-registered Gulfstream jet, had been released after a $3 million fine was paid.
Gold attracts tremendous emotion from people and it has always done so. It manages to bring out the extremes in investors, reporters, governments.
To put it in a nutshell stagflation is where economies do not grow or fall, while money cheapens persistently, ensuring no protection against wealth attrition.