Central banks seen ditching USD, EUR for gold

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Central banks seen ditching USD, EUR for gold(0)

Can the US dollar ever be displaced? With its biggest rival euro in the doldrums and the Chinese renminbi nowhere near a currency of global standing, the American greenback seems destined to dominate global financial trade. But its status as a reserve asset is slowly eroding. CONTINUE READING

What’s holding gold back?(0)

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Gold was supposed to be off to the races after Ben Bernanke announced that the Federal Reserve will unleash a third version of quantitative easing and continue supporting until U.S. unemployment figures improved. CONTINUE READING

EU Exits Good For Gold?(0)

Investors heavily exposed to the yellow metal may want to keep a keen eye on the events unravelling in the European Union. READ MORE HERE

Is gold’s real value $10,000?(0)

Ask any gold investor and he will lament that gold is undervalued. It should actually be anywhere between USD2,000 to USD10,000 per ounce, they say. CONTINUE READING

Gold Will Plateau At $2,000: Analysts(0)

After a hiatus that lasted several months, gold bugs are waking up from their hibernation. And now they are calling for the elusive USD2,000 for the precious metal within a year. But that’s about as far as it is going to get. READ MORE HERE

World’s Official Biggest Gold Holdings(0)

Central banks’ have been major buyers of gold over the past few years, especially after the U.S. dollar and euro wobbled. Here is a list of the countries with the biggest official gold reserves. READ MORE HERE

Why Warren Buffett Hates Gold(0)

Warren Buffett, the Oracle of Omaha, sets out his theory on gold and explains why he is not enamoured by its charms. And why there is no treasure to be found in Treasuries. READ MORE HERE

Is Gold Rally Over?(0)

Gold haters are predicting the end of the gold rally. But pro-gold analysts say central bank bullying, inflation and negative interest rates will continue to propel the yellow metal forward. READ MORE HERE

Gold SWOT: CME May Raise Margin Requirements Once More(0)

The strength of gold is rising in 2012. With sites like the U.S. Money Reserve, purchasing gold bullion coins and bars is becoming ever more popular for investors to add to their portfolio.

For the week, spot gold closed at $1,788.68, up $34.03 per ounce, or 1.94 percent. Gold stocks, as measured by the NYSE Arca Golds BUGS Index, rose 1.57 percent. The U.S. Trade-Weighted Dollar Index was essentially flat, with a slide of just 0.02 percent for the week, says Frank Holmes, CEO and Chief Investment Officer, U.S. Global Investor
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Gold SWOT Report: Potential For A Significant Rebound(0)