Amid economic crisis, demand for gold and silver coins is outstripping supply Oct 14, 2008
"Ultimately, people who are buying gold now are doing the right thing," Mr. Schiff said. "The dollar is at risk and a lot of inflation is being created. Gold will retain its value even if they bought it at $950 or $1,000. The drop is only temporary.". (Pittsburgh Post-Gazette, PA)
Gold, precious metals rise as commodities rally Oct 14, 2008
The precious metal has held up well in recent weeks as stocks sold off, with investors buying gold as a haven from risk. That position may now be reversed. (Globe and Mail -- Business)
Grantham: Don't Get Back Into the Market Yet Oct 14, 2008
Instead of stocks, Faber advises buying gold in physical form and storing it outside the United States. 2008 Newsmax. (Newsmax)
Sino Gold, Lihir Decline in Sydney Trade as Recent Gains Deemed Excessive Oct 13, 2008
Twenty-five of 38 traders, investors and analysts surveyed from Mumbai to Chicago on Oct. 9 and Oct. 10 advised buying gold. Five said to sell, and eight were neutral. (Bloomberg -- Australia & New Zealand)
Hapur investors make hay in market mayhem Oct 12, 2008
"There's enough money. People are buying gold at Rs 14,000. Any form of loss hurts, but our greatest advantage is that we only invest from our savings. Ours is a trading community. For us, loss is not an option," says rubber trader N K Goel, an investor for 25 years now. Having made the most of the markets' upswings in the last few years, the talk among Hapur's active trading community of Jains and banias revolves around dissecting the elements of 'panic. (India Times, India -- Community News)
Markets' message: Give us a financial rescue that works Oct 11, 2008
Why are people buying gold and silver. People dont know whether to put their money under the mattress or spend it as fast as it comes in. (Los Angeles Times)
Banks: Meltdown hits the downtown Oct 8, 2008
Medoff was quick to say that except for long-time customers, he's only buying gold jewelry that can be sold to refineries. No one, he said, is interested in buying other items. (Hudson Sun, MA)
Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss... Oct 6, 2008
My question for those who advocate buying gold, what currency do you eventually convert your gold to ... Makes me relieved I started buying gold and silver 4 years ago. (The Drudge Report)
Gold, manipulation and domination Oct 3, 2008
By the 1960s, many foreigners were buying gold at an artificially low price of $35 set by Bretton Woods and sold it in the black market for easy profit. The result was that the US began to bleed gold through her fiscal and trade deficits and by the increasing amount of dollars sent overseas, know as euro-dollars. (Asia Times Online)
All that glitters welcome here Oct 3, 2008
Both applicants cited their interest in buying gold and melting it down as one of the reasons for the applications. Obviously this is a new trend, selectmen Chairman Colleen Corona said. (Easton Journal, MA)
Assessing the crisis Oct 3, 2008
Should we be buying gold and storing it under our beds. A: That s also a tough one. (Logan Herald Journal, UT)
Stockists sit on gold stockpile as demand plunges Sep 25, 2008
Krishna Nathani, MD of Chennai-based India Bullion Investor Services points out that sales during Akshaya Tritiya, which fell in May this year and is considered the most auspicious period for buying gold, was relatively lower when compared with the previous year because the price surged just ahead of the festival. If prices stabilise at current levels of Rs 13,000 per 10 gm over the next 15-20 days we could see a pick up in demand for the festival season, he said. (India Times)
Budget insanity Sep 24, 2008
But the point is not that I look ridiculous dressed up as the Red Queen from Alice in Wonderland, or that everybody is lying their heads off about the government's spending deficits and ignoring the government's intellectual deficits, but that all of this deficit spending means that more money has to be created, which will create more inflation in prices, which means more money must be created, which means more inflation in prices, around and around, which is why everyone should be buying gold... (Asia Times Online)
Gold, debt emerge as safer options in volatile market Sep 24, 2008
Buying gold immediately after a sudden spurt is a strict no-no, because the spike may be a temporary one with a correction lurking around the corner, explains Swapnil Pawar, director, PARK Financial Advisors. Investing in debt, though, is finding favour with experts and investors alike. (India Times)
Greatest-ever buy opportunity Sep 23, 2008
And pity the guys who are not buying gold and silver in the face of such inflation, as you have to be impressed with the headline "This is the Greatest Silver and Gold Buying Opportunity of All Time" by Alex Panameno at Canadafreepress ... Now, everyone around here knows why I say that "right now is the greatest silver and gold buying opportunity of all time", and when anyone sees me walking down the street, I can hear them say to each other "Look out! There's that Disgusting Mogambo Idiot... (Asia Times Online)
Gold may rally towards $1,000 an ounce Sep 22, 2008
As assets such as equities have dropped in value, and with the currency markets unstable, investors are increasingly buying gold as a haven from risk. The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, has reported a 7 percent inflow to its bullion reserves since Lehman Brothers announced it was seeking bankruptcy protection on Monday. (India Times)
Gold: Investors cash in on rally, premiums under pressure Sep 22, 2008
India, the world's largest gold consumer, is still buying gold although volumes may drop after bullion rebounded more than 17 percent since hitting this year's lows. India buys more gold during the festive season, which peaks in October with Diwali, the Hindu festival of lights. (India Times)
Wall Street's Ills Seep Into Everyday Lives Sep 20, 2008
One investor, Robert, a 37-year-old trader for a private-investment firm who lives in the San Francisco Bay area, lost faith in paper currencies long ago -- especially the U.S. dollar -- and has been buying gold from a mint in Perth, Australia. He keeps it stored there, ready to ship anywhere in the world at a moment's notice. (Wall Street Journal)
The gold exchange Sep 19, 2008
Chris Hoffman, who owns Secondhand Rose with her husband Don, has a very specific purpose for buying gold from consumers. "We're just trying to help people make ends meet," Hoffman said. (Lodi News Sentinel, CA)
Gold extends gains after central banks' move Sep 18, 2008
If they desperately need cash, they wouldn't bother buying gold at all. Recommend this article. (Globe and Mail -- Business)
Spooky stats from the US Mint Sep 17, 2008
Instantly I was on my feet, shouting, "Because they are all a bunch of lying, corrupt scumbags exploiting a fiat currency and insane levels of fractional-reserve banking, which is the very reason why you should be buying gold and silver in the first place!" ... So, realizing that I am going to have to do more to impress Mr Turk, I stand up and say, "I think it is all of these, and more! So much more! Maybe even involving creatures from outer space, probably in the form of spores; and these... (Asia Times Online)
Deployed tothe dole line Sep 13, 2008
So, learn to laugh by buying gold, silver and oil, and lots of all of it. The more, the merrier. (Asia Times Online)
Robbing the poor of Jeffersonian wisdom Sep 12, 2008
Thus, I proudly announce in a press release that "Jim Rogers, famous investor and economic seer, says that The Mogambo Of The Twinkling Blue Eyes (TMOTTBE) is absolutely right, and that you SHOULD be buying gold, silver and oil like the greedy little paranoid rat that you are, and if you are not buying them, then you are going to be busted and miserable no matter HOW much of a greedy little paranoid rat you are!". Okay, he did not say that. (Asia Times Online)
Pride in acting like a pawnshop Sep 6, 2008
But the lesson is not about how women react violently to salacious, smelly old men making obscene suggestions while they are trying to do a little shopping at the mall, but about how you should be, like pawnbrokers over there and pawnshops of over here, buying gold and silver. And while I have never, to my knowledge, recommended that people "act like pawnshops", I will note that they are accumulating gold, and so the advice seems like good advice, as opposed to my Usual Mogambo Crappy Advice... (Asia Times Online)
U.S. Plays Weak Hand Against Russia With Economic Prestige On The Line Sep 6, 2008
By buying gold (perhaps with its jettisoned dollars) and restricting production, Russia could send the price of gold soaring, thereby destabilizing paper currencies around the world. Some critics may argue that Russia would never pursue such policies, as their own citizens would suffer equally. (Investors Business Daily)
Lightening the mood with a deflator Sep 5, 2008
The upshot is that the captive "investors" of these institutions are getting scared, although if you walk up to one of these self-professed "scared" guys and ask, "Hey, do you have a bunker in your backyard?" they will say "No"; and if you ask, "Hey, are you packing heat?" they say, "No"; and if you ask them, "Hey, are you buying gold, silver and oil with every freaking bit of money that you can get your grubby little mitts on as a defense against the monetary madness of the Fed and the other... (Asia Times Online)
Asian investors buy gold on dips Sep 5, 2008
Investors were also shaken by sharp falls in equities, prompting them to shift to dollars while pulling funds out of risky assets, including precious metals, but Asian bargain hunters were detected buying gold on dips. "Gold started lower in Asia, falling near $US790, but around the level we are seeing a big amount of physical gold buying from Asian players,'' said Yuichi Ikemizu, managing director at Standard Bank in Tokyo. In late trading, gold was at $US798.10/799.30 per ounce, down from... (Sydney Morning Herald -- Business)
Silver stats to salivate over Sep 4, 2008
No, the point is that you would be buying gold, silver and oil if you had any smarts, or even a vague, passing familiarity with the entire historical record of what happens when a government is so corrupt that it deficit-spends, and especially when it compounds its folly by paying for it with the creation of a fiat money. And it is doubly especially about how you would be buying gold, silver and oil when the state and local governments do the same borrow-and-spend-o-holic thing, and triply... (Asia Times Online)
Sewers of gold Sep 2, 2008
Fewer customers are now buying gold than before, even though no Bangladeshi wedding is truly complete without gold jewellery for the bride. People are already worse off because the price of their staple food, rice, has doubled in the past year, and fuel costs have soared. (BBC News -- South Asia)
Gold makes glittering comeback Aug 29, 2008
"Ten days ago, the price was Rs 11,300 and retail outlets recorded consumer demand many times higher than that witnessed during 'Dhanteras', the first day of Diwali, or 'Akshaya Tritiya', when buying gold is considered auspicious," said Suresh Hundia of the Bombay Bullion Association. India, the world's biggest buyer of bullion, is also set to increase its gold imports for the first time in nearly 12 months, analysts told TOI. Given that the first half of 2008 saw volatile gold prices driving... (India Times, India -- Intl Business)
Retirement wake-up call Aug 28, 2008
Around here, retirees are going back to work because they found that if they stay home then I will be calling them on the phone all day and berating them for not buying gold, silver and oil in response to the fiscal and monetary insanity that has infested this country, and then I would actually go over to their houses and continue yelling at them through closed and locked doors, and then they would turn the volume up on their TVs, and I would yell louder, and it's back and forth, back and forth,... (Asia Times Online)
Profits hit with an ugly stick Aug 26, 2008
Okay, I will say one other thing; if you are not buying gold, silver and oil in a fit of terrified self-preservation, to the exclusion of everything else including back-to-school clothes for your stupid kids that make them look like mental defectives and cost a fortune, then you are almost certainly making the biggest mistake of your life. Well, maybe the second-biggest mistake after deciding to have the damned kids. (Asia Times Online)
Double-count magic Aug 23, 2008
And to make sure I got this straight; you are NOT buying gold, silver and oil in self-defense. Hahaha. (Asia Times Online)
BPOs to poularise bullion sale Aug 16, 2008
MUMBAI: Buying gold could soon be as easy as ordering a pizza over the phone. The state-run trading agency MMTC, one of Indias largest importers of bullion, is scouring for BPOs to help sell its silver ware, gold and silver medallions. (India Times, India -- Intl Business)
Gold plummets amid stronger dollar, oil decline Aug 16, 2008
said she would "definitely" be more interested in buying gold jewelry if the price goes down. But her daughter, Lisa Digiulio was not even remotely interested. (Anchorage Daily News)
Sterling continues to lose ground Aug 15, 2008
Investors had been buying gold and oil to protect against dollar weakness, but they are now unwinding their positions. The euro was trading as low $1. (BBC News -- Business)
The US dollar on Roman steroids Aug 14, 2008
Thus, with a sigh of relief, their glowering presence outside the Sturdy Mogambo Bunker (SMB) means that the lesson to buy gold when the government is acting like collectivist morons is, finally, learned, albeit too late to help any of those moron halfwits who heard me tell them a zillion reasons to be buying gold, silver and oil, but who just looked at me like I was speaking Martian moon-language or something, which I was certainly NOT doing, because I never, ever want to go to the Martian... (Asia Times Online)
South Africa: Miners Battered By Dive in Gold Price Aug 13, 2008
Vayej said investors would be quite brave to start buying gold and platinum shares at present, though valuations were supportive at these levels. But for local gold companies, the long-term trend was one of declining production, which had not yet been matched by a decrease in fixed costs. (allAfrica.com)
THE OUTSIDER: An idiot's guide to running a country on a shoe-string budget Aug 6, 2008
A poor mother struggling to take care of her children will never think of buying gold jewellery or the latest GTP Hollandaise. In the same manner, if you are running a country on a shoe-string budget it should never cross your mind to buy gold medals to bling yourself out. (Ghana Web, Ghana)
All that glitters Aug 1, 2008
"I'm buying gold pieces that I would not reuse, just melt and turn them into other jewelry or turn them into money myself," he said. "And then I'm seeing some very beautiful gold jewelry come out of the woodwork, and I love seeing that stuff.". (The Palm Beach Post)
Tyco Electronics Toughens Up Jul 31, 2008
Tyco has been hit hard by high gold prices because it has been buying gold at spot prices for use in the manufacturing of its connector products. Harrison rates Tyco a "buy" and has a $43 price target on the company. (Forbes -- Markets)
Nothing but pain Jul 30, 2008
You are saying to yourself, "Hey! That sounds a lot like what the Stupid Loudmouth Mogambo (SLM) is always yammering about, right before he starts getting hysterical about how it is all caused by the Federal Reserve creating too much money and credit, and proceeding from there to heaping justified insults on Congress (except Ron Paul), most of the Supreme Court, the United Nations, all foreigners and malevolent alien beings from outer space who are here to undermine the system prior to conquest... (Asia Times Online)
Diversify Beyond Stocks And Bonds Jul 28, 2008
A little more than a year ago, we saw a large uptick in the number of our customers who were inquiring about buying gold in their self-directed retirement plans. These investors proved prescient, as the yellow metal climbed by roughly 50% since then. (Forbes)
Gold Council alters strategy for India Jul 24, 2008
"The advertising creative will focus on how gold enhances our lives and combines an emotional rationale for buying gold with an inspirational product message, highlighting specific pieces and where they can be purchased," says Madhumita Dutta, head of marketing and development, WGC. "It will serve as an umbrella for all messaging on gold and will employ a series of 'gold truths'.". Courtesy: Times of India. (India Times)
Little Direction Jul 24, 2008
Forbes on gold: Frank Holmes, a fund manager at U.S. Global Investors, recommends buying gold to hedge against the declining value of the dollar. Modern Marvels: A look at the history of coin-operated machines. (SmartMoney)
Portsmouth shop specializes in silver and gold Jul 24, 2008
Both Pechners agree that buying gold and silver is one of the safest ways these day to invest, and that it is fun. "You can wear your investment, if you like," Allan said. (Seacoast New Hampshire)
The power of the Chinese credit card Jul 23, 2008
" And that almost certainly means that the bull market in gold and silver is far from over, too, which is going to be sweet to those buying it for a long, long time! Whee! The Mogambo sez: So I say to the bartender, "If you are not buying gold, silver and oil to protect yourself against the fall in the purchasing power of the dollar caused by the Federal Reserve creating so much money and credit, then you are an idiot. " And to let him know that I am a very discerning kind of guy who knows what... (Asia Times Online)
A Bull-ion Gold Survey Jul 21, 2008
Fourteen of 25 traders, investors and analysts surveyed from Mumbai to Chicago on July 17 and July 18 advised buying gold, which fell 0. 3 percent to 958 an ounce last week. (New York Post -- Business)
Credits in aswirl of insanity Jul 13, 2008
So, if I understand this correctly, demand for gold is so high that it has driven the price up, so Indians are not buying gold every freaking day of their lives as part of some elaborate rupee-cost-averaging scheme, even though they can pick up a freaking newspaper any freaking day of the week to see that money supplies of the world are rising every freaking day of their lives, now at somewhere around 20% or more a freaking year, which means that inflation is going to freaking roar every day of... (Asia Times Online)
To hell in a currency basket Jul 13, 2008
So, instead of being even MORE belligerent and calling them worse names, I get right to the point as to what they should be doing, being as polite as possible under the circumstances: "You should be buying gold with every freaking dime, you morons!". Oops. (Asia Times Online)
* TAIEX nosedives to five-month low Jun 28, 2008
Lim suggested that investors diversify their portfolios to hedge risks by buying gold, commodities and oil-related financial products. Additional reporting by AFP. (Taipei Times, Taiwan)
Economics to scare the kids Jun 27, 2008
They are jealous and envious that I am smart enough to be buying gold and silver with every dime I can get my hands on (well, I would if I could get my hands on an extra dime these days. in response to the preposterous monetary policies of this country and the world, but they are all so stupid that they are NOT buying gold and silver in response to the blatant idiocy that is Modern Monetary Economics, which is so stupidly dangerous that even little children immediately see that it is total crap.... (Asia Times Online)
Too much for a fiat currency Jun 24, 2008
Sort of like buying gold and silver, but messier. Stick with silver and gold. (Asia Times Online)
Nothing tobe done Jun 21, 2008
I was in the middle of one of my better bitter rants about the despicable US Federal Reserve creating too much money and credit, and the equally despicable Congress that lets them do it, and I was really cooking about how only the biggest idiots in world history are not buying gold and silver in response to such profligacy, and how I support legislation that would require adults who do not own gold and silver to have their foreheads tattooed with the words "Me stupid" so that everyone would know... (Asia Times Online)
Gold feverInvestors see gold as a safe haven, though prices are volatile Jun 13, 2008
While more people are buying gold for its investments properties, for most people, buying gold still means buying jewellery ... "Buying gold is an important part of the culture and lifestyle," says Tawhid Adbullah, managing director of jewellery group Damas. (BBC News -- Business)
Merkel backs Bush on Iran sanctions Jun 12, 2008
Iran has begun transferring billions of dollars from European banks to Iranian and Asian banks and buying gold and equities, apparently to protect its oil revenue from any new sanctions, according to reports in the Iranian media. The deputy foreign minister for economic affairs, Mohsen Talaie, was quoted as confirming the shift, saying, "We decided to exchange our foreign assets to increase our security.". (International Herald Tribune)
Containerized horror Jun 7, 2008
You want to know how in the hell you can afford to buy anything if prices are raised another 15% just for transportation costs, and if things are as bad as I say, why aren't people screaming mad, barricading themselves in their homes, putting "no trespassing" signs all over the yards and buying gold and silver. Well, as to the first question, I rudely reply that I don't expect you to buy anything since I can't afford to buy anything, either, you greedy, self-absorbed little snot; and furthermore... (Asia Times Online)
Newly redeemedAs banks get choosy about lending, pawn shops fill the gap May 27, 2008
Hn buying gold from customers in 2007 and it has become a lucrative part of its business. Stigma. (BBC News -- UK)
Losing shine: Gold Q4 demand dips 50% May 21, 2008
Analysts and those who dealt in this precious metal thought that Indian buyers did not really mind buying gold even when prices rose. But recent data released by World Gold Council (WGC) could help change that perception. (India Times)
Gold sales dip by 11 pc during Akshaya Tritiya May 18, 2008
Akshay Tritiya, which was celebrated this year on May 7 and 8, is considered an auspicious day for buying gold. However, in value terms, sales registered a growth of 19 per cent owing to higher price of gold compared to last year. (Hindu)
The economic sky has fallen May 17, 2008
In that regard, if you are, again like me, buying gold, silver, oil and commodities in general so that we can be able to buy food no matter how pricey it becomes, then we will be okay, but everybody else will be hungry and whining, especially since The Financial Times reports that "a chart from Morgan Stanley of agricultural prices over the past century shows that in real terms, prices are nearer the bottom of the range than the top.". And perhaps as a glimpse at our future, Bloomberg. (Asia Times Online)
'Unemployed' now a valid job description May 14, 2008
I am always interested in things that use "always" to describe them, which I have learned the hard way, such as "People always get upset when I tell them that they are stupid because they are not buying gold, even in response to Alan Greenspan of the Federal Reserve destroying the dollar by creating so much of them, so that the damned government can spend us into bankruptcy, and then they REALLY always get upset when I say that their stupidity has doubtlessly been passed along to their ugly,... (Asia Times Online)
Indians and NRIs partners in crime May 13, 2008
The other method is buying gold and bringing it to India. No wonder huge gold markets or 'souks' have come up in these countries. (India Times)
How to maximise returns in bullion market? May 12, 2008
Also, investing in shares of gold mining companies as against buying gold bullion/ ETFs provides you an opportunity to benefit from the growth potential of equities and also the strong fundamentals of gold. Also read. (India Times)
Business Briefs May 12, 2008
Nymex Holdings share- holders will approve its planned sale to CME Group because the trans action (New York Post -- Business)
