Posts Tagged ‘currency’

According to a letter from UBS's investment chief, as the world enters 2012 neither the yellow metal nor the currency will provide investors with safe harbour. Full story

Bitcoin, a new and private form of currency exchange, got some attention from Paul Krugman in a column who drew parallels between it and gold, finding that both markets are susceptible to underlying problems of "money-hoarding, deflation, and depression." BitCoin, which is well-examined in an article by James Surkowieki , is an alternative form of currency exchange. "Bitcoin is a peer-to-peer digital currency  created in ... Full story

While there is disagreement over the near term direction of the gold price, Rob McEwen and Chuck Jeannes former and current chiefs of Goldcorp, almost agree on its longer term prospects. McEwen told the Gold Report an interview why he thinks gold is heading to $5,000: "Gold is money. It is currency Full story

I was recently asked in an interview if I thought gold was going to $5,000 an ounce. “No,” I said bluntly. “I think it’s going higher.” “You’re that optimistic?” “No,” I replied. Full story

- When China announced a flagship program to make its currency more international in the summer of 2009, it cited "the growing call" from Chinese trading partners to use the yuan in cross-border transactions. More than a year later, the People's Bank of China touted the program as a "breakthrough," citing a surge in the amount of trade in the currency. Full story

How much silver can I buy for a hundred trillion Zimbabwe dollars? Endeavour Silver asks this question to kick off a short video demonstrating the value of the white metal in relation to fiat currencies, which have not always held their value. In talking to silver traders and historians, the company ( www.edrsilver.com ) shows that while paper money is a promise to pay from the ... Full story

Each morning you turn to your favorite gold investment website to see the current gold price. What you see is the correct price, but in the currency of your choosing. There are two prices, the buy and sell price Full story

By Kevin Brekke,  Casey Research Inflation has certainly been all over the headlines lately. As the cost of basic materials and commodities has pretty much risen across the board, it was just a matter of time until this rise made its appearance on store shelves at a retailer near you. With prices at the pump squeezing motorists as well, the drive to the supermarket is ... Full story

LONDON: Gold held steady on Monday as the euro lifted off seven-week lows, but the currency remained vulnerable to uncertainty about indebted euro zone countries, which also sparked some safe-haven buying of the precious metal. Spot gold was bid at Full story

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 Full story