Posts Tagged ‘german’

Treasure hunters are working to recover cargo on a World War II merchant ship, which was sunk by German u-boats just off Boston, that was carrying 71.4 tons of platinum, estimated to be worth $2.5 to $3 billion. Sub Sea Research LLC , which made the initial discovery in 2008, posted a video outlining their progress . Full story

Gold was up 1.1% at $1,662.40/oz on Tuesday, its highest climb in five weeks, as German economic data boosted the euro and stocks and commodities were lifted by Chinese trade data. Full story

Gold continues to rise as European debt worries linger on in the financial markets.  On Monday, gold and silver both climbed higher as the true sentiment about gold was revealed by Germany.  As I write, gold is closing in on $1800, while silver is nearing $35.  Although there are many rumors flying out of Europe regarding possible solutions, there is one topic that is not ... Full story

A new report from research firm TNS could have implications for mining. A survey of affluent households around the world — defined as greater than $100,000 — found that 80% of the world's wealthy live in Western countries. TNS's Global Affluenty Investor study conducted interviews across 24 markets including China, Brazil and India Full story

If you want to know the future, pay attention to the decisions European policymakers will have to make regarding debt, says Scott Gardner, chief investment officer at Verdmont Capital. In an exclusive interview with The Gold Report, he shares his analysis of debt policy investment implications, plus which gold mines Verdmont likes in Latin America and beyond Full story

Since touching $1,535 briefly on Monday, gold prices have rallied and even stabilized above $1600.   Silver , which touched near $26 on Monday, has climbed back above $30. Full story

Fear crept out of the markets today and buyers came back. The S&P 500 was up 1.07% and the S&P TSX was up less than 1%. Gold futures rose to $1,652.50/oz, up 3.6 percent Full story

Gold gained above $1,900 an ounce in London as concern about slowing economic growth and Europe’s debt woes spurred demand for a protection of wealth. Full story

Gold Hedge reports that a German newspaper is telling its readers that it's time to buy gold: Bild Zeitung, is Germany’s biggest- selling newspaper, is the best-selling newspaper outside Japan and has the sixth-largest circulation worldwide. Bild encouraged German people to invest in gold as the global debt crisis continues to deteriorate and cause turmoil in global markets Full story

* Physical buying drops after $60 price gain last week * ETF holdings rise for 4th week * Coming up: German June CPI final; Tuesday 0600 GMT (Adds comment, refreshes prices) By Amanda Cooper LONDON, July 11 (Reuters) - Gold rose for a sixth day on Monday Full story