03
Mar
2008

Gold Investments in Bloomberg: Commentary and Survey

Bloomberg published an article by Millie Munshi and Pham-Duy Nguyen quoting Mark O’Byrne of Gold Investments.

Gold Beats Financial Assets as Investors Seek Haven

‘At least 95 percent of the new buyers have kept their money in the bullion, Mark O’Byrne, Gold & Silver’s executive director, said in an interview on Feb. 26.

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03
Mar
2008

Gold Investments Market Update

Gold
Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold rose to a new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver’s monthly close at 19.73.

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29
Feb
2008

Gold Investments Market Update

Gold
Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels but have fallen from record highs of $975.75 and $19.92.

Gold strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.

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29
Feb
2008

‘Helicopter’ Ben gets schooled by Ron Paul

Presidential Candidate Ron Paul in his role as member of the House Banking Committee got a chance to question Federal Reserve Chairman Ben Bernanke on the current state of the economy.

‘Helicopter’ Ben, as he is known in some quarters due to a reference he made in a speech to a statement made by Milton Friedman about using a “helicopter drop” of money into the economy to fight deflation, could be said to be at the opposite end of the monetary spectrum to Ron ‘Gold’ Paul (interestingly in the same speech Bernanke noted that “people know that inflation erodes the real value of the government’s

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28
Feb
2008

Inflation and commodity investment

“Too much money chasing too few goods” – a basic, monetarist definition of inflation.

In the long run, inflation is generally believed to be a monetary phenomenon, i.e. it is attributed to growth in the supply of money. While in the short and medium term it is influenced by the relative elasticity of wages, prices and interest rates. The question of whether the short-term effects last long enough to be important is the central topic of debate between the Monetarist and Keynesian schools.

Honey, I shrunk your wage gain

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28
Feb
2008

Gold Investments Market Update

Gold
Gold was up $12.50 to $958.70 per ounce in trading in New York yesterday and silver surged another 54 cents to $19.20 per ounce. In Asian and early European trading, gold and silver remain well bid and have consolidated near these new respective record and 27 year high levels.

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27
Feb
2008

Gold Investments Market Update

Gold
Gold was up $8.70 to $946.10 per ounce in trading in New York on Friday and silver surged 58 cents to $18.66 per ounce. Gold particularly continued to surge in Asian and early European trading.
Gold also surged in British pounds and euro. The London AM Fix at 1030 GMT this morning was at $958.75 and gold fixed at new record highs in most major currencies – at£481.62 and €636.32.

The latest mooted IMF possible gold sale story was rightly treated with disdain by the markets and gold has rallied on the old reliables of surging oil and a sharply falling dollar.

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26
Feb
2008

Gold Investments Market Update

Gold
Gold was down $7.30 to $937.40 per ounce in trading in New York on Friday but silver was up 10 cents to $18.08 per ounce. Gold continued to weaken in Asia but has strengthened somewhat in early European trading and is trading at $934.10 per ounce.

Another mooted IMF gold proposal (more below) may have led some weak longs to liquidate positions yesterday. But after recent week’s surge in gold and last week’s sharp (4.5%) increase in the price of gold, the market was overbought in the short term and ripe for a correction. It was interesting that silver has remained strong despite gold’s less than 1% sell off.

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26
Feb
2008

Property or Equity? Which is the best investment?

Mark Twain said; “Buy land, they’re not making any more of it”

One question I am repeatedly asked is this: “which is a better investment, Property or the Stockmarket”.

As with so many things in life, the answer is “it depends”.
I have to agree with Mark Twain’s observation. Land is a finite resource, and we live on an Island. You don’t need a PHD in stating the obvious to realise that an investment in land or property should, over time, appreciate. Property isn’t a bad investment.

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25
Feb
2008

CNBC Interview Stephen Flood of Gold Investments

CNBC conducted an Interview with Stephen Flood, director of Gold Investments, this morning.

How High Can Gold Go?
“Gold is doing exactly what it should do in this market: it is reacting to risk.

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