Gold has long been favored by a fringe of the investment world, but this year some of the world’s leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation.
Nov
23
2009
23
2009
Nov
18
2009
18
2009
Hedge Fund Guru ….
John Paulson, who scored about $20 billion of profits for his hedge fund between 2007 and early 2009 wagering against the housing market and financial companies, is launching a fund dedicated to buying up shares of gold miners and other bullion-related investments, according to three investors.
Nov
17
2009
17
2009
Strong Dollar Policy
Gold prices have risen 11% over the last two weeks as the world awakens to the economic realities of 2010 and beyond. Gold prices surged over $1,100/oz. so far in November on central bank buying as Fedspeak failed to boost the buck. So much for the “strong dollar” policy we are being told about. Gold [...]
Nov
16
2009
16
2009
U.S. Dollar Has A Long Way To Fall
Gold is soaring Monday, trading at $1131 per ounce. President Obama is in China, calling for a new relationship. New relationship, indeed! On the surface of this visit everyone is smiling. Immediately below surface the dollar is falling–again. China’s right, the U.S. government wants to inflate its way out of debt. Why does the Fed [...]
Nov
12
2009
12
2009
How to be debt free?
In February 2009 Zimbabwe was the only country in the world without debt. Nobody owed anyone anything. Following the abandonment of the Zimbabwe Dollar as the local currency all local debt was wiped out and the country started with a clean slate. So the simple answer to being deb free is hit the reset button. [...]
Nov
11
2009
11
2009
The next big bubble
Commercial real estate is somewhere between an orderly massacre and a disaster.The value of real estate is down anywhere from 25 to 75 percent,” William Mack, founder and chairman of Area Property Partners, a real estate investment fund, told CNBC. The four keys to restoring this confidence, according to Mack, are: making sure consumers have [...]
Nov
10
2009
10
2009
Three Things To Stop the Dollar’s Decline
Since 2001, four consecutive Treasury secretaries have made ‘a strong dollar policy’ the cornerstone of their rhetoric on the U.S. currency. Over that period of time, the currency has lost nearly a fifth of its value. Hint to the current Treasury secretary: it’s not working. Here are three ways Federal Reserve and the Treasury could [...]
Nov
9
2009
9
2009
What bad debt can do for you?
You can’t solve a credit crisis by pushing bad private debt onto the public without major consequences such as; a Fed fearful raising interest rates, an ever-shrinking dollar and 17.5% “real” unemployment — all of which fuel further erosion of public confidence. The only real surprise is that gold prices are not already much higher.
Nov
5
2009
5
2009
Technical keys point to higher gold prices.
Gold prices sliced through key technical resistance levels on Tuesday and Wednesday like a hot knife through warm butter. Gold is now poised to make a run at the psychologically and critical $1,100 an ounce level. Spot gold struck a high of $1,095.40 an ounce on Wednesday, pulling back in the late evening to just [...]
Nov
4
2009
4
2009
Gold sets new record.
Gold prices have risen over 6% over the last five trading days, as the world awakens to the economic realities of 2010 and beyond. You cannot solve a credit crisis by transferring bad debt into public debt without major consequences such as; a Fed that fears raising interest rates, an ever-shrinking dollar and 17% “real” [...]