Monthly Archives: July 2013

Jim Rickards: Buy Gold, Not Stocks (Video)

Posted on July 2, 2013 by admin

Yesterday on CNBC, Jim Rickards had a short debate with Lee Munson about whether gold or stocks are a better buy right now. Like Peter Schiff, Rickards has faith in gold’s strong fundamentals and knows that gold has been and always will be inherently valuable as real money.

“Fundamentally, the case [for gold] hasn’t changed. It has to do with Fed money printing and instability in the international monetary system… [The Fed] needs to drive nominal GDP, they need negative real rates, they need more inflation, or else [US] debt will be un-payable. And that’s good for gold.”

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Today’s Key Gold Headlines – 7/2/13

Posted on July 2, 2013 by admin

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Indians Keep Buying Gold in Off Season

Posted on July 1, 2013 by admin

Indians aren’t deterred by a slump in the gold price. Even in their gold “off season,” Indian jewelry and gold stores continue to sell the yellow metal unabated. Read all about it in The Financial Times:

“Neither finance minister P Chidambaram, nor the fear of a bad investment is deterring people from buying gold. In fact, the sharp dip in prices has only brought more customers to jewellers though some are waiting for gold to slip even more.

Dismissing the minister’s plea to refrain from buying gold for the next few months, people are giving in to the lure of the yellow metal. ‘This is off-season for us but sales continue to be normal,’ said Alok Bhattacharya, store manager of B.C.Sen Jewellers in Gurgaon. With a few months to go before the onset of the wedding season, when gold sales gain momentum, sales should be mostly stagnant now. ‘Some people are unaware of the dip in gold prices and the possibility of a further dip (which could lead them to postpone purchases). So, our sales have not been affected,’ said Ajay Bali, store manager of Tanishq, Gurgaon.”

Continue Reading the Full Article

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Posted in Daily Gold Headlines, Outside Commentaries | 2 Comments

Today’s Key Gold Headlines – 7/1/13

Posted on July 1, 2013 by admin

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Posted in Daily Gold Headlines | Comments Off on Today’s Key Gold Headlines – 7/1/13