17
Nov
2008

Gold Investments Market Update – Will Obama Play Nice with the G20?

G20 Summit

The G20 leaders showed a united front as they pledged to shore up global growth, introduce regulatory reform in a relatively short timeframe and avoid protectionism. However, the timeframe for resolution of these reforms is as soon as March 31st. Success will hinge on the new US Administration’s willingness to take big decisions, a mere 2 months after taking office.

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14
Nov
2008

Gold Investments Market Update – What Will the G20 Agree?

Crude oil briefly dipped below $55 a barrel yesterday for the first time in 22 months prompted by reports, warning that demand will be significantly weaker in 2009 due to the global economic downturn.

Despite this, Gold gained slightly on the news that Chinese investors’ demand had surged in the first nine months of 2008. Gold is currently trading at $728 after closing in New York on Wednesday at $710.30.

In wealth preservation terms, Gold is still doing an admirable job.

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12
Nov
2008

Gold Investments Market Update – Rollercoaster Markets Continue

The great global deleveraging continues. In a world that has become addicted to debt fuelled growth, the idea that readily available credit may no longer be available, has scared many into facing the truth; credit is not free and should never have been priced as such. Over the past few weeks markets have continue to sell off, outlook for production and consumption are all bearish and thus oil continues its volatile ride losing $2 overnight to its current level of $58 a barrel.

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12
Nov
2008

In 2004, GoldCore Clearly Warned about Property and Stock Bubbles, and the Importance of Diversifying into Gold

Since 2003, GoldCore (then called Gold Investments) has clearly warned of property and stock market bubbles internationally, the risks in sharp falls in these markets, and the importance of diversifying into gold.

This is our homepage from early 2004, when we warned about property and stock bubbles, and the importance of diversifying into gold – http://web.archive.org/web/20040324071856/http://www.gold.ie/

Our home page warned investors and savers as seen in this section:

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11
Nov
2008

Gold Investments Market Update – Goldman Sachs Plummets – Bodes Ill for Wall Street and US Financial System

Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed.

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11
Nov
2008

I.O.U.S.A.: Byte-Sized – The 30 Minute Version

I.O.U.S.A. is a documentary film released earlier this year, and nominated for the Grand Jury Prize at the 2008 Sundance Film Festival. The film focuses on the shape and impact of the United States national debt and features Robert Bixby, director of the Concord Coalition, and David Walker, the current U.S.

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10
Nov
2008

Gold Investments Market Update – Massive Government Bailouts and Stimulus Packages to Be Confronted by Hostile Bond Markets?

Gold rose 2.1% last week and is up another 2% in Asian and early European trading.

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07
Nov
2008

Gold Investments Market Update – Equities and Commodities Tumble – Gold Decoupling?

Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.

Gold was down marginally yesterday (some 1%).

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06
Nov
2008

Gold Investments Market Update – Global Monetary Helicopters Being Advocated to Prevent Deflation

Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices (the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession.

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05
Nov
2008

Gold Investments Market Update – President Obama Inherits Great Challenge Akin to Carter in 1976 and Roosevelt in 1932

Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks.

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