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

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

Given the latest gold trends, emerging market investors and central banks appear to humbly disagree with Warren Buffett’s assertion that the yellow metal has limited uses. READ MORE HERE

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

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

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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U.S. Global Investors examine the strength, weaknesses, opportunities and threats for the yellow metal:
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Gold walked up the stairs and came down the elevator. And as chatter of a global recession rises, the ‘safe haven’ may not be the place to be parking your funds, says BarCap.

How the mighty have fallen. From calls of $2,000 to $2,500 before the end of the year, gold pundits are scrambling to scale back their forecast for the yellow metal as talks of recession become more widespread. READ MORE HERE
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Gold walked up the stairs and came down the elevator. And as chatter of a global recession rises, the ‘safe haven’ may not be the place to be parking your funds, says BarCap.

How the mighty have fallen. From calls of $2,000 to $2,500 before the end of the year, gold pundits are scrambling to scale back their forecast for the yellow metal as talks of recession become more widespread. READ MORE HERE

We should dismiss exclamations by gold bugs who think gold prices should be way higher, say $3,000 or $5,000. But when SocGen’s global strategy team thinks gold’s ‘honest price’ is $10,000, one should sit up and take notice.

Dylan Grice, part of SocGen’s global strategy team analyst, says that with global demand for non-debased currency surging, last week’s capitulation by the Swiss demonstrated once again the perverse risk inherent in doing the right thing. It also narrowed the already shrunken universe of sound
currencies. Meanwhile, the price of gold at which the US dollar would be fully backed has reached $10,000 per ounce. READ MORE HERE