Archive for February 25th, 2009


LIVENEWS.com.au
New York gold market stages a volatile trade
Xinhua, China
A report with an unexpected sharp fall of US existing home sales triggered fresh safe haven buying in gold, which pushed the prices into positive territory. But into mid-session the gold market started to retreat as Federal Reserve chairman Ben
Buyer Beware? How About Buyer Aware? International Business Times
* S&P sees sovereign ratings downgrades outpacing upgrades guardian.co.uk
Gold eases back on US bank hopes WA today
MarketWatch - Contrarian Profits
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Why Silver Is Money
SilverSeek.com, CO
Gold or silver coins are often mixed with 10% copper to improve durability, and coins are made with ridges around the rim to prevent coin shaving or debasement. * It should be divisible into small units without destroying its value; precious metals can
Silver outshines gold for investors Peninsula On-line
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Gold deposit schemes finding takers
Daily News & Analysis, India
India Post, which also sells gold coins, is set to start offering a Gold Accumulation Plan in the next couple of months. Under the initiative, money can be deposited anytime during a month and one would get gold coins or bars in return,

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Gold coin shortage as demand soars
Financial Times, UK
The scarcity is lifting coin premiums to as much as 5 per cent above the spot gold price, a level reached briefly after the collapse of Lehman Brothers last September, when coin shortages also surfaced.

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Market Jitters & Political Critters
Jutia Group, MD
Dishoarding is what happens when people decide the gold price is so high, they’d like to swap their old gold heirlooms for cash. They pile down to the local gold and coin stores with their lockets, scarf pins, and old gold dental fillings.

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