http://www.bloomberg.com/news/2013-04-24/central-banks-load-up-on-equities-as-low-rates-kill-bond-yields.html
In a survey of 60 central bankers this month by Central Banking Publications and Royal Bank of Scotland Group Plc, 23 percent said they own shares or plan to buy them. The Bank of Japan,
holder of the second-biggest reserves, said April 4 it will more than
double investments in equity exchange-traded funds to 3.5 trillion yen
($35.2 billion) by 2014. The Bank of Israel bought stocks for the first time last year while the Swiss National Bank and the Czech National Bank have boosted their holdings to at least 10 percent of reserves
Tuesday, April 30, 2013
Gold CPI ratio...... never heard of it
http://www.bloomberg.com/video/could-gold-fall-to-800-gold-cpi-ratio-says-yes-yHJm5DqvRdak5A8k5ARqIA.html
Gold Rush at Perth Mint
http://www.bloomberg.com/video/china-has-enormous-appetite-for-gold-P1lyHOY_Tki~c2N84P~lcQ.html
Perth Mint, which refines nearly all of the nation’s bullion, said that demand has jumped to the highest level in five years after prices plunged, with the factory kept open through the weekend to meet orders.
There’s been strong interest, including from the U.S., with buyers speculating that the metal will rebound from the decline, Ron Currie, sales and marketing director, said in a phone interview from Perth.
Bullion plunged 14 percent in the two sessions to April 15, the most since 1983, spurring buyers to boost physical holdings. Billionaire John Paulson, the biggest investor in the largest exchange-traded product backed by bullion, reiterated his bullish view on prices. Coin sales by the U.S. Mint are set for the highest month since December 2009, while premiums to secure supplies in India rose to five times the level before the slump.
Perth Mint, which refines nearly all of the nation’s bullion, said that demand has jumped to the highest level in five years after prices plunged, with the factory kept open through the weekend to meet orders.
There’s been strong interest, including from the U.S., with buyers speculating that the metal will rebound from the decline, Ron Currie, sales and marketing director, said in a phone interview from Perth.
Bullion plunged 14 percent in the two sessions to April 15, the most since 1983, spurring buyers to boost physical holdings. Billionaire John Paulson, the biggest investor in the largest exchange-traded product backed by bullion, reiterated his bullish view on prices. Coin sales by the U.S. Mint are set for the highest month since December 2009, while premiums to secure supplies in India rose to five times the level before the slump.
Sunday, April 21, 2013
Argentina takes pensions
http://www.buenosairesherald.com/article/129117/mayor-macri-%E2%80%98we%E2%80%99re-not-coup-mongers%E2%80%99
Wednesday, April 17, 2013
Price goes on sale and smart people exchange paper for gold.
The post-Songkran traffic jams were on the pavements outside gold shops
on Wednesday, as buyers jammed every shop in town to buy the precious
metal, which dropped 2,400 baht per baht-weight overnight.http://www.bangkokpost.com/news/local/345752/gold-buyers-rush-in-as-prices-plunge
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