Indian buy physical Gold as Diwali begins

India is one of the major Gold consumer in the world , especially during the Diwali celebrations where gold is offered as gift . As the major religious festival season of Diwali begins in India, the buying of gold and silver as gifts is a common practice. It is potentially a boom time for businesses across the board, with presents such as necklaces and bracelets traditionally bought and given to friends and family. But the recent dramatic increases in price of both metals is making it difficult for many Indians to be as generous as they might want to be. After hitting a high of $1,900 an ounce in early September, the price of gold has fallen to just above $1,500. European policymakers are struggling to resolve the region's debt crisis, and such fears would normally drive the price of gold higher. But with the commodity already at such lofty heights, many investors now feel the only really safe bet is cash itself, and hence the selling.

China Unveils First Gold ATM

Physical gold demand in China is booming to the point that the government have decided to install gold ATM machine to sell gold coins and bars to the public , China is the second largest consumer of Gold , and the Chinese are known for being gold bugs who prefer to keeping their savings in the form of physical gold bullion...

Physical demand out of China boosting the Gold Market

When you are buying Physical Gold you do not care what the margin is says futures trader Lou Grasso, Millennium , a lot of the demand these days is physical demand out of China he added I spoke on your show in the middle of last week and i was an advocate in raising the margins. do i think that's really going to stop people from coming in? no. because a lot of the demand for gold these days is etf demand and physical demand. physical demand out of china and Asia is really driving the market these days. obviously if you're buying physical you don't care what the margin is."Lou Grasso told CNBC

Why are gold and silver prices falling?

Silver and Gold price slashed in trading following stock fall The powers that be seem to be conspiring to drive down the price of gold and silver. It starts with margin raises, and continues with major banks selling short to flush out the weaker players. Vomit blood and guts are all thats left of this train wreck. the plunge in gold and silver prices has taken place because of massive unwinding of positions across all asset classes. It is unlikely that precious metals will witness another up move in the near future.

Everybody is hypnotized and is dreaming the same dream and that is " Paper is Money" , a dream that was imposed on people with the Media and the education system , this does not make it money , , only Gold and Silver are Money , paper is a Currency that was created the first time to represent a deposit of Gold , if I was a central bank I won't accept any payment in paper , someday the people will wake up from the dream and realize that paper is just that paper and that GOD created Gold and Silver for the purpose to be money and a mean of exchange , the fact that 9 billion people are all dreaming the same dream at the same time does not make it real ....and that's my take about this , I tell you what I do , I go to my coin shop and I load in gold and silver as much as I can afford and I thank uncle Ben Bernanke for the unusual discount ...that's all folks

David Morgan Gold & Silver Panic Report

Silver Guru David Morgan joins Kerry Lutz to discuss the recent crash in gold and silver market silver went down almost 25 percent in two days Gold also lost almost $150 in a week and is down $250 from its all time high of a couple of weeks ago , we are in an extremely over sold market says David Morgan , but these are sell off mostly due to the fact that these are highly leveraged markets , the moves in these markets are based on the paper market they are based on the futures and options markets and ETFs they are not really reflective on the fundamentals of the physical gold and silver markets

An Incredible Buying Opportunity in Gold Market

Kirsty Hogg's Precious Metals Emergency Update 9-23-11 : there is only one buzz word and that is Buy Buy and Buy , the long term projection is very bullish many analysts believe that gold prices will start to rebound starting next week , this is an incredible buying opportunity or an entry point for people who want to enter the gold market , we have already hit the bottom at this point according to Bob Chapman so buy gold and silver with both hands and as much as you can , in few weeks from now you will be glad you did ....

Huge Gold sell off in Gold Market , buy buy buy

David Morgan : the Gold and Silver communities on the physical side are not afraid of this they are stepping up in the plate and are buying more physical metals , they are buyers buyers and more buyers says David Morgan , although it may take up to three month according to him for gold to repair this loss and go back to the 1900 level

Gold prices will go higher regardless of the FED announcement

The case for gold remains bullish says Tim Harvey, Senior VP at ETF Securities, the news from Europe especially Greece and Italy are very bullish and investors were very bullish at the LBMA conference this week and that prices will move higher no matter what the Federal Reserve meeting outcome ....this retreat of Gold price is mainly due to the strength in the US Dollar ....this is a golden opportunity to load on Gold and silver before the prices shoot up again to new highs

Bill Still : There is No Gold at Fort Knox

Author and filmmakerBill Still, director of The Money Masters & The Secret of Oz, is with Max Keiser and Stacy Herbert on the Keiser Report ,he speaks about the Fort Knox gold , He confirmed that there is no gold left at Fort Knox , Bill Still is famous for being against a gold standard economy ,very strange indeed coming from a knowledgeable and wise man that he is . I do not agree with his arguments but I listen to his ideas with an open mind .  Bill Still 's latest book is No More National Debt. In it, he continues his investigation into the fraudulent debt-based monetary system that is has been systematically destroying the United States. No More National Debt sounds the battle cry for a new human rights movement for the 21st century.

Gold Spikes by More Than $30 and is expected to rally even more

Gold is expected to rally more than the $30 of this morning due to very bullish news coming out of Europe about the Greek's debt crisis but also Italy's credit grade downgrade this morning and the FED meeting where Ben Bernanke is expected to announce some new QE3 or similar " ...When I was on an hour, it was unbelievable that gold had not rallied more with the stark outlook for the U.S. and the European economy. some traders are saying they're also looking at headlines about the EU and IMF having to send officials to Athens to close the aid deal there and sources close to the troika saying that to wire services. will any of it be enough? that is what traders on the floor are mentioning. The downgrading of Italy's credit rating rating perhaps even more troubling than the Greek situation and then the FED meeting to watch and we are looking at gold prices back here at 1810 level and it is still down more than 100 bucks from the all-time high we saw just a week ago " says Sharon Epperson

The Gold Market Dependent on Market Sentiment

Gold is whatever price you want it to be at the end of the day looking at demand and supply fundamentals it is not really connected to that aspect of the market more so it is connected to sentiments says Michael Langford, Proprietary Trader at StreamTrading.com,

Europe default may send Gold to $6000/oz

CNBC is now reporting that Gold may top $6000 an ounce along with silver at $600/oz in the near future caused by the banks failures and the default that are on the horizon in Europe , investment capital will continue to flock into safe heaven assets like gold and silver if these banks continue to default

David Morgan : we may see some softness in Gold before we see strength

David Morgan : we broke out of a traditional triangle pattern , I get emails saying that technical analysis does not work , first of all technical analysis dopes work some of the time , it is a tool but it is helpful , and we broke through the bottom side of this symmetrical triangle which normally is bearish for gold and as I said few weeks ago there is gap at the 1670 level I am not rolling that out longer term , I still believe that we are still going to see a a bit of a tough sliding for gold

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Donald Trump in association with APMEX Takes Gold as a Security Deposit

Donald Trump, chairman and president of The Trump Organization, explains why he will accept gold as a security deposit in lieu of U.S. dollars. Donald Trump : sadly we all know what's happening to the dollar , the dollar is going down and it is not a pretty picture and it is not being sustained by proper policy and proper thinking , this was an opportunity to show people what's happening to the dollar so we can do something about it "

Owning physical gold is becoming more popular with Investors

Owning gold ETFs has been popular for a while, but some firms are starting to bet that owning physical gold is going to be popular as well : "private gold vaulting has traditionally limited the ultra high net worth of our society. it is hard to buy physical gold, have it stored properly and insured so our company is using technology and making it available to everybody " says avneet Singh, Bullion Gold International founder/CEO. " it's more the idea of choice. we want to give investors the ability to buy the physical asset. and we think if we can make it as easy as buying a stock or bond they'll always choose the hard assets because it is a safer product." "from a product perspective you can buy gold bars, gold coins and store them at different locations. we offer Zurich, London, New York, Utah. you can work through a financial adviser or call us. you want to buy physical gold as easily as a stock or bond"

3 Ways a Gold Standard Can Work

Steve Forbes is championing a return to a gold standard in five years time. together with Peter Schiff and Ron Paul , If Ron Paul become President in 2013. He will use Gold Standard for US dollar to make it valuable again.Paper money like Dollar, Yen, Euro, and rest currency are worthless. They are not valuable. Gold, Silver, Diamond, Ruby, Sapphire, Emerald, and other GEMS are worth a lot. If you go back in time like in Middle Age and you bring a currency from your country. You want to buy food and you give them your currency. You know what they going do they are going laugh at you. They say paper are worth nothing. Paper money is not just a mere userfriendly substitute for gold, like it is portrait to be and taught in schools; this is a dirty lie. Paper money is a means for power institutions (states, banks,..) to steal your valuables or fruit of your labor by imposing a fantasy trade item of which the value they manipulate as they wish. They can do this because violence is inherent in this system and all of humanity is oppressed by these institutions. Yes the world has changed; now we all are slaves

Nick Barisheff : Gold Is Not in a Bubble

Nick Barisheff, CEO at Bullion Management Group Inc says Gold is not in a bubble , Gold has been money for 3000 years and it is still today , the same people that say Gold is a bubble have been saying that gold was in a bubble when it was at 500 , at 800 at a 1000 , and now at 1800 , gold is money also if you has hundred dollars bills in a vault they do not produce dividends , that's because gold is money it does not produce dividend too , because money is not an investment , we are in a currency bubble not in a gold bubble ....

In China Investment demand for Bullion remains strong

In China Gold jewelry demand accounts for 53 percent of China's total gold reserves. If the global price for the precious metal keeps rising, it's set to increase the risk of gold investment Investment demand for Bullion remains strong despite the instability of the prices and the high volatility the investment remains relatively low risk .....

Still very strong demand for Gold across the board

"I think what we're seeing is continued strong interest in gold across the board,whether it is in the futures speculative positions have been rising pretty aggressively during last couple of weeks , whether it is in ETCs where we are seeing pretty strong inflows and also in the physical market " says Nicholas Brooks, Head of Research and Investment Strategy at ETF Securities told CNBC. " so I think across the board despite the price being at only 3 percent off its all time high we are still seeing very strong demand "

Gold Prices Trapped in a no Mans Land says Phil Streible

Gold Prices Trapped in a no Man's Land says Phil Streible, senior market strategist at MFGlobal, He says there is slight more downside risk to the gold price but that prices are trading in a tight volatile range.seems like some deflationary aspects is coming into the market today , but if we break through about $1875 to the upside that upward momentum should carry us back up to the contract highs and if we close there I think the $2000 and $2300 is back in the cards

James Turk on Goldseek Radio - Sep. 6, 2011

James Turk : ..there is so much nervousness about the fragility of the banking system pretty much globally , everybody knows that the Banks are over leveraged have a lot of bad debt and therefore they are worried about their deposits , in this kind of environment Gold is always going to do well ....we are in the second stage of the Gold bull market , this is the longest and most powerful stage and as gold prices continues to rise it attracts increasing attention and people who have nort been gold buyers before are attracted to the gold market as they are going to learn the advantages the gold has to offer

Gaddafi sold 20% of Libyas Gold reserves before leaving

Azzouz Qasim the Libyan central bank governor Revealed Tuesday that the Colonel Muammar Gaddafi's regime has sold in the last days before its collapse 20% of the gold reserves, equal to 29 tons of gold. Mr Azzouz told a news conference in Tripoli that gold sold was worth 1.7 billion dinars (1.47 billion dollars), It was sold in dinars in last April / May to traders within Libya to pay off staff salaries and to provide liquidity in the capital, The Bank officials say the gold sold may have found its way to neighboring countries such as Tunisia and others. The former Libyan Central Bank Governor Farhat Bin Guidara said last month that Gaddafi will try to sell a portion of the Libyan gold reserves to pay for protection and create chaos among the tribes in Libya. Bin Guidara told the Italian Corriere della Sera that there are in Tripoli reserves of gold worth ten billion dollars, and may be Gaddafi took some of them, and he pointed out that supporters of Gaddafi offered 25 tons of gold on his banker friend a short time ago. Azzouz confirmed that none of the assets of the Central Bank, whether or not gold that was not exposed to theft, and that what Gaddafi took was not from the coffers of the central bank, adding that the total cash reserves of the Bank of Libya are approximately $ 115 billion, ninety billion of which there are abroad According to the World Gold Council statistics for the past month, Libya Gold reserves are about 143.8 tons, equivalent to 5.6% of the total world Gold reserves .

JULIAN PHILLIPS : Central Bank Gold Buying & China Role in the Gold Market

JULIAN PHILLIPS : as an investor in Gold mining shares I would tend to put a big circle around those countries able to take locally produced gold into their reserves those deposits will be far less vulnerable , not entirely without vulnerability but certainly far less vulnerable to such policies (Gold confiscation ) Europe is a classic example of a fixed currency system , you got a strong Germany which actually needs a strong Deutschmark , you got a weak Greece which needs a weak Drachma you put the two together under a one currency that's a fixed exchange rate and the end result you can possibly have is all the capital finds its way into northern Europe leaving Greek investors invested up north and not in their own economy , making sure that Greece remains a nice holiday resort period , so fixed exchange rate I think are a disaster for a range of economies worldwide

The Gold Correction Explained

Roger Wiegand explains what happened to the Gold prices recently and why we saw that 100 dollars corrections : ....well 3 things happened that fundamentally moved markets the last couple of days , the Swiss put a cap on their currency which is capital controls on money , I was very disappointed to see that and I can understand why they did it , the Swiss franc which was the go to currency is down , that makes it virtually untradable , that was one of my favorite currencies to trade , next thing was that the German Congress agrees to give cash to Greece and Portugal this means that Germany is going down to slippery slop , the selling in Gold today was just a normal profit taking the trend remains up , there is no problem with gold and silver

Boom of The Gold Mining in China

World gold prices have soared recently amid financial fears. While you might expect this to mean more output, some Chinese mining firms have a different approach--working lower grade ore. (Tibetan: Yulshul) in Qinghai Province will likely become one of Asia’s largest goldmines, with proven reserves of 300 tonnes, in 2015, reported China’s official Xinhua news agency Aug 27, citing provincial land and resource officials. The report said the geological exploration was conducted jointly by Qinghai geology and mineral exploration and development bureau and a Canadian mining company with a total investment of 200 million yuan (US $31.3 million). Noting that Qinghai was endowed with rich mineral resources, the report said the proven gold reserves of the province's six mines, including Dachang, was 430 tonnes. The gold price is hovering near the $2,000 range, as global finance markets remain unstable. For many world mining operations, this has meant something of a golden age. The law of supply and demand dictates that as gold is worth more, there will be greater efforts to boost output and take advantage of the price conditions.


But things are different in the east Chinese city of Zhaoyuan. It's known as the country's gold capital for its abundant deposits. One small privately-owned gold mine here is estimated to produce some 350 kilograms of gold a year, out of 120 tons of gold ore explored every day. Production has stayed stable despite the recent price jumps—like some other Chinese gold mines, Zhaoyuan's are keeping output steady, by expanding operations into lower grade ore. [Hao Zengbao, Zhaoyuan Gold Administrator]: "This is a resource-type enterprise, as gold mines have their own limited service life spans, and mining exploration usually has to expand year by year, so as to make exploration and mining balanced."

Gold up 25% in the last 3 months alone

Gold back above 1,900 dollars again , Gold price creates new intraday record on Asian trading this morning .Gold together with silver is a currency a monetary metal , who cares really if the jewellery demand is shrinking as long as the demand for Gold bullion is exploding worldwide and people are starting to wake up to the fact that the only real money out there is Gold and Silver . "Gold is continually showing that it wants to go higher when the markets are going lower, and that seems to be the key change that's happened during the summer," says Ned Naylor-Leyland, investment director at Cheviot,

Gold Falls From Record Price as Swiss Central Bank Imposes Franc Ceiling

Gold fell from a record in London as some investors sold metal to cover losses in the Swiss franc after the country’s central bank imposed a ceiling to the exchange rate. The Swiss franc tumbled after the bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed. Ministers from Germany, Finland and the Netherlands will meet today to discuss a Finnish demand for collateral in a bailout for Greece, while the Italian Senate will debate an austerity plan amid a strike. Read Article @ Bloomberg >>>>>>

China SGE to raise gold, silver margin requirements starting Sep 9

Gold Stocks in China Falling despite the Bull Market : This would explain why gold and silver prices were suddenly hammered lower early this morning following the news that The Shanghai Gold Exchange has announced additional gold and silver margin hikes on forward contracts effective Sept. 9th. The Chinese are WAY less likely to be satisfied with paper ticket. We are dis-educated.... but it is normal cultural practice for them to accumulate shiny valuable things and pay cash for them. I do think there is a market for gold-paper there and yes it does add to manipulation via futures market but it will ultimately be undone by the physical markets. (unless we get global totalitarian state with money metals confiscated.

Peter Schiff on how to invest wisely in Gold and avoid scams

Peter Schiff : Classic Gold scams & How to avoid getting ripped off , some classic tactic used by some Gold sellers is to advertise something that is really cheap for example a Canadian maple leaf coin with say a 1 percent markup but their real intentions is to sell you something else like a collectible rare or numismatic coin that has a 100 percent mark up claiming that the government will not confiscate it , warns Peter Schiff

Mike Maloney : Ben Bernanke is dumber than Gold

Mike Maloney on the Keiser Report with Max Keiser 03 Sept 2011 : I said before that Ben Bernanke is dumber than Gold , Gold automatically balances interest rates it balances currency inflows and outflows trading balances this is something that did not take a group of men trying to figure these things out , what we have got is a monetary system that is a Ponzi scheme it steals wealth from the middle class and transfers that wealth to the government and the banking sector these people got to ride for free because what they are doing by printing more currency and diluting the currency supply all the time and this is what zero interest rate will do it will expand the currency supply when they do this it dilutes the currency supply and causes the purchasing power to go down , people call it inflation , it is actually the dollar losing purchasing power , so basically he is on path of destroying the dollar ...

Gerald Celente : Gold is the Ultimate Golden safe heaven

Gerald Celente : I begun trading   Gold   in 1978 , my first buy was at 187 dollars and fifty cents an ounce , and what's different now and then that people do not understand and why they think it is a bubble and it is not is back then it was only the United States that was really playing the gold market you had guys like The Hunt Brothers that had cornered the silver market for example it is a whole different world now , back then there was the red Chinese nobody was doing business with them and Russia and Eastern Europe were locked behind the Soviet Union's iron curtain , there is a whole global game going on it is a global meltdown and Gold is the ultimate golden safe heaven that's gold is going so high it is because everyone knows that the only way that the Europeans or the Americans can get their way out of this mess they are actually not going to get out of it but to keep the Ponzi scheme going is by printing more money but they put those white shoe boyz labels on it such as 'QE2' and 'QE3' it means just printing more money and by the way : interest rates the FED have said that they are going to keep them down near zero until mid 2013 and the European Central Bank ECB is talking about lowering them and so the lower the interest rates go and they stay low the higher the price of gold goes it is simple arithmetic ...

Gold the most precious precious metal

Gold is now the most precious precious metal , for the first time in history Gold is now more expensive than Platinum and Rhodium , Gold is today and for the first time in history the most expensive precious metal as the prices of gold and silver surge to the highest level in more than a week against a weak job report.

Andy Schectman : $10,000 GOLD

Andy Schectman Miles Franklin Precious Metals CEO gives his view on precious metals demand, the Pan Asia Gold Exchange, the Bernanke and the fall of the EU and United States. Buckle up. " When everybody realizes that this is not much a liquidity crisis but a currency crisis , interest rates have nowhere to go but higher and when that happens what I consider to be the mother of all bubble has nowhere to go but down " says Andy "we are starting to see for the first time central banks accumulating Gold , they were net sellers just few years ago"

The New California Gold Rush

Thanks to record gold prices, companies are reopening California's old mines , it takes a lot oif money and patience to start a new mine , there is gold in California and Nevada and the companies are rushing tp extract it , the hardest part though is not mining the gold but getting the permits to mine and cope with the rules and regulations , it may take up to 15 years to open a mine due to the regulations in place

Gold is till in an overall bull trend

While gold is off its all time high, prices are up more than 25 percent this year. Insight on where will head to next, with Mihir Dange, Arbitrage gold options trader.gold is off the all-time high prices are up more than 25% this year and yesterday popped $35 an ounce after a Chicago fed president Charles Evans told Steve linesman that we were basically in a recession at least when you look at the job market. "we're still in an overall bull trend. there's one piece of mfgs that still has me a little bearish and that's we have a trend gab at 1668.70. we would see that number and on the lows we were going to hit that number last week. it's all over the place right now. the volatility is still very high and we're getting $60 moves." says Mihir Dange

Gold Rush : The Bullion Trail

What happens to gold once it's been refined and how is the precious metal priced? A look at the middlemen of the gold world, with Bob Pisani."it was hot right down there in Johannesburg, south africa, we trafrled to the deepest mine in the world, and then we went to the world's biggest refinery outside of Johannesburg. what happens to the gold once it's refined and how is it priced? meet the middlemen of the gold world. the bullion banks. London. an epicenter of the gold bullion market where about $75 billion worth of gold is traded every day. banks like HSBC trade much of the world's bullion which is housed and bought all over the world like this one in London. whether the banks buy the gold directly from the miners and refiners or hold it for clients, want banks serve as a vital intermediary according to HSBC's global head of precious metals Jeremy Charles. when the producers want to sell. they can sell to a bank. when a consumer wants to buy, they can buy from a bank. it's a lot of different things the banks can do with it. they can store it for private clients or exchange-traded funds or central banks or they can sell it to other banks or they can advance it to jewelry manufacturers and industrial companies. Jim is a managing director on the gold trading desk in new york. he says bullion banks operate a lot like traditional banks. it's kind of like a microcosm of a bank where the bank does finance, cash management and other services. we do that in precious metals for clients. bullion banks play an important role in the daily price of gold and it all starts in London. for 100 years the spot or cash price of gold has been set at a twice daily conference known as the fix. now done by phone, between five bullion dealers who settle the price based on the buy and sell orders of their customers."

Gold Is the Safest Currency

Gold Is the Safest Currency Gold is money the only real money , gold is not an investment it is not a speculative investment , Gold is not a commodity , many people are confusing Gold for a commodity or an investment , gold is Money , I hope people get it , Gold is the only money with no counter party risks attached to it , even the Swiss franc is being debased by the Swiss government in order to boost the exports , when you own gold you are your own central bank , cash is just a certificate saying that some central is holding gold for you which is not always true as we know , what would you trust more Gold or a piece of paper with somebody's name and signature on it ??? governments can change their currency or debase it with a stroke of a pen leaving you holding piles of worthless papers it happened before it could happen anytime , no central bank can print Gold out of thin air , gold has been money for 6000 years and will continue to be the only money ,

Chicago FED Charles Evans favors QE3

Very bullish for Gold what Charles Evans Chicago FED said this morning to CNBC he says that he favors QE3 : The current economic situation is disappointing, says Charles Evans, Federal Reserve Bank of Chicago, who explains that the job market is tough to characterize as recession-like but the economy is moving sideways "I think we would have been so much worse off if we didn't have the accommodation that's in place, the additional accommodation that came with qe2. i talk to business people all the time. I was talking to a small business person just the other day. you know, actually my brother who is in the furniture business. I was reminding him that, you know, back in the fall of 2008 when libor rates increased. he finances his inventory on that want basis. if things had not improved he's laid off three workers out of 18 over this entire period. but he would have laid off more if interest rates had not gone down, if we did not control, you know, improved the operating efficiency of financial markets. so the counter fact the salary we would have been much worse off." Evans says

Ron Paul on The Gold Rush

Gold rose 46.34 percent from 52 weeks ago . Year to date Gold is up 28.54 percent .Bob Pisani takes you to the deepest part of the deepest mine in the world. Rep. Ron Paul, (R-TX) and presidential hopeful, weighs in on the recent gold rush.  
Ron Paul : I never think about the price of Gold I always think about the value of the dollar , traditionally for thousands of years the currencies been measured by Gold , there has been a lot of fiat currencies throughout history but never one like we have today and that's what people are discovering , the financial crisis is discovering this

Gold breaking through 1800 again up almost $40

Gold breaking through 1800 again up almost $40 on news that the FED neds more stimulus : Phil Streible, senior market strategist at MFGlobal, says that today's rally sparked by Chicago Fed President Evans isn't sustainable. Streible is bracing for a correction.As long as we maintain below the 1840 level you want to look at the short side if we break above 1840 that's the resistance I think we will go back up and we will retest the highs at least 1900 , so that's my line in the sand says Phil Streible .