ANNUAL KAHUNA MEETING It’s time for Davos, the world economic forum, again. But this year is different. Gone is the hubris of the elite and in its place is fear. George Soros said, “At times like these, survival is the most important thing.” According to an article in Reuters, he feels that the world faces one of the most dangerous times in modern history and predicts riots on the streets that will lead to dramatically curtailed civil liberties. The global … Read More »
The financial crisis in Europe has commenced a “perilous new phase” that could handicap global economic growth even with a best case scenario, so said a report from the International Monetary Fund on Tuesday. To make matters worse, the threat is growing that Europe’s difficulties could become even less stable, leading to a failure in lending as well as investment and production that would cause a severe recession in Europe, as opposed to the mild recession that the IMF is … Read More »
Will the prise of gold rise by opinions of financial market experts
Relevant gold trading and financial market videos from leading experts on matters that effect your money.
The ECB (European Central Bank) stands ready with unlimited cash for banks as lenders try to reposition more than $765 billion of debt that matures this year, just as institutional buyers remain disinclined to purchase debt from all but the most secure banks. “February’s second three-year Long Term Refinancing Operation looks set to be extremely large,” Credit Suisse Group AG analysts led by William Porter reported to clients. “The last LTRO has removed any stigma, making managements who do not exploit … Read More »
The US Mint issued twenty dollar gold coins from 1850-1933. These coins were meant for circulation and were used to exchange gold, both internationally and in the US banking system
Gold demand in the third quarter of 2011 reached 1053.9 tonnes, an increase of 6% from the previous year?s figures.
A 1793 minted one-cent copper coin was sold for $1 million at a coin show held by Orange County Convention Centre?s Florida United Numismatics on January 8, 2012.
Following the discoveries of vast reserves of gold in California in the 19th century and the second gold rush, the US government was forced to change its stance on minting gold coins.
According to a report published in 2011 by the World Gold Council, global demand for gold in the third quarter of 2011 increased 6% year-on-year to reach 1053.9 tonnes, up from 991.9 tonnes in the third quarter of 2010.