"Gold’s London AM fix this morning was 1,778.50 USD, 1,328.230 EUR, and
1,125.419 GBP per ounce.
Yesterday's AM fix was USD 1,754.75, EUR 1,325.04, and GBP 1,116.32 per ounce.
Spot gold hit a 3 month high of $1,787.55/oz yesterday rising gradually for the fourth day in a row. Gold closes in New York at $1,778/oz and has consolidated in Asia and early European trading.
Silver surged over $1.20 yesterday to over $35.50 – up over 3.55% on the day and convincingly breaching recent resistance at the $34.50 level. Next level for resistance is $40/oz and then the record nominal, repeat nominal, high of 1980 at $50/oz.
'Gold Bullion Or Cash' was released for public viewing on Wednesday. The video is educating the public internationally about gold bullion and why gold is safer than cash in the long term and in certain circumstances gold will be safer than cash in the short term as well.
http://www.youtube.com/watch?v=ja0EeLCraXI
Gold's importance in the uncertain world of today, gold's extreme rarity, liquidity and safe haven currency status is illustrated.
The ‘gold bubble’ and the many gold myths and misconceptions are looked at and the video uses music, images, facts and quotations to show how gold is a proven store of value throughout history and an important diversification today.
Currency debasement of all major currencies is happening today on a scale never before seen in history.
Yet there continues to be a complete lack of awareness amongst the majority in the western world as to the risks posed by our currency monetary and financial system.
There continues to be a lack of knowledge and indeed often wilful ignorance regarding gold.
Indeed, some comments on gold are so ignorant of the historical and academic record that they have all the hallmarks of crude anti-gold propaganda – and will be seen as such in time.
Gold is a proven safe haven asset and currency. Despite much recent academic evidence and the historical record showing this and despite voluminous articles, research and evidence, (evidence succinctly summarised in the video 'Gold Bullion or Cash'), there continue to be frequent anti gold outbursts by some of the most respected and trusted people in the western financial and economic world.
Such attacks on gold have come from men such as Paul Krugman, Nouriel Roubini and more recently Warren Buffett.
Alan Greenspan correctly wrote in 1966 that "an almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions”.
Today, an almost hysterical antagonism towards gold bullion as a diversification and as a store of wealth alternative to fiat currencies unites beneficiaries of the current status quo – both intellectual beneficiaries and material beneficiaries.
That status quo is a massively leveraged and insolvent monetary, financial and economic system.
The masses are slowly realising the fundamental unsoundness of our global monetary system and are beginning to ask questions. But they are continually lulled into a false sense of security by the “experts”.
Experts incidentally who failed to warn them about the stock, property and global debt bubbles before it was too late.
Many Greeks today lament that they were not aware of gold as a safe haven and wish they had diversified into gold. These lamentations will be experienced in other debt-laden industrial nations in the coming months and years.
A minority in the western world are seeing through the anti-gold bias and beginning to take action and buy physical bullion as insurance and as protection from significant monetary, systemic, geopolitical and macroeconomic risk.
Crude anti-gold propaganda that is based on sophistry, silly straw man arguments, ad hominem and personal attacks, poor research, inaccuracies and actual fallacies is the stock in trade of what we could be termed the expert "paper bugs"..."
at http://www.zerohedge.com/news/gold-bullion-or-cash-shows-buffett-roubini-krugman-mistaken-faber-rogers-bass-einhorn-gross-cor
Yesterday's AM fix was USD 1,754.75, EUR 1,325.04, and GBP 1,116.32 per ounce.
Spot gold hit a 3 month high of $1,787.55/oz yesterday rising gradually for the fourth day in a row. Gold closes in New York at $1,778/oz and has consolidated in Asia and early European trading.
Silver surged over $1.20 yesterday to over $35.50 – up over 3.55% on the day and convincingly breaching recent resistance at the $34.50 level. Next level for resistance is $40/oz and then the record nominal, repeat nominal, high of 1980 at $50/oz.
'Gold Bullion Or Cash' was released for public viewing on Wednesday. The video is educating the public internationally about gold bullion and why gold is safer than cash in the long term and in certain circumstances gold will be safer than cash in the short term as well.
http://www.youtube.com/watch?v=ja0EeLCraXI
Gold's importance in the uncertain world of today, gold's extreme rarity, liquidity and safe haven currency status is illustrated.
The ‘gold bubble’ and the many gold myths and misconceptions are looked at and the video uses music, images, facts and quotations to show how gold is a proven store of value throughout history and an important diversification today.
Currency debasement of all major currencies is happening today on a scale never before seen in history.
Yet there continues to be a complete lack of awareness amongst the majority in the western world as to the risks posed by our currency monetary and financial system.
There continues to be a lack of knowledge and indeed often wilful ignorance regarding gold.
Indeed, some comments on gold are so ignorant of the historical and academic record that they have all the hallmarks of crude anti-gold propaganda – and will be seen as such in time.
Gold is a proven safe haven asset and currency. Despite much recent academic evidence and the historical record showing this and despite voluminous articles, research and evidence, (evidence succinctly summarised in the video 'Gold Bullion or Cash'), there continue to be frequent anti gold outbursts by some of the most respected and trusted people in the western financial and economic world.
Such attacks on gold have come from men such as Paul Krugman, Nouriel Roubini and more recently Warren Buffett.
Alan Greenspan correctly wrote in 1966 that "an almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions”.
Today, an almost hysterical antagonism towards gold bullion as a diversification and as a store of wealth alternative to fiat currencies unites beneficiaries of the current status quo – both intellectual beneficiaries and material beneficiaries.
That status quo is a massively leveraged and insolvent monetary, financial and economic system.
The masses are slowly realising the fundamental unsoundness of our global monetary system and are beginning to ask questions. But they are continually lulled into a false sense of security by the “experts”.
Experts incidentally who failed to warn them about the stock, property and global debt bubbles before it was too late.
Many Greeks today lament that they were not aware of gold as a safe haven and wish they had diversified into gold. These lamentations will be experienced in other debt-laden industrial nations in the coming months and years.
A minority in the western world are seeing through the anti-gold bias and beginning to take action and buy physical bullion as insurance and as protection from significant monetary, systemic, geopolitical and macroeconomic risk.
Crude anti-gold propaganda that is based on sophistry, silly straw man arguments, ad hominem and personal attacks, poor research, inaccuracies and actual fallacies is the stock in trade of what we could be termed the expert "paper bugs"..."
at http://www.zerohedge.com/news/gold-bullion-or-cash-shows-buffett-roubini-krugman-mistaken-faber-rogers-bass-einhorn-gross-cor
