Archive for April 7th, 2009

The Great (Used) Gold Rush of 2009
BusinessWeek
No wonder Americans at all income levels are cashing in their gold as well as jewelry, watches, precious stones, coins, art, and other valuables and collectibles. There are venues for monetizing your gems at every income level. Take pawnshops.

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Mining Journal Online
Gold May Reach Record in 2009 on Inflation, GFMS Says
Bloomberg
Gold in the SPDR Gold Trust, the largest exchange-traded fund backed by bullion, has overtaken Switzerland as the world’s sixth-largest gold holding. The fund’s assets reached a record 1127.44 tons on April 2. ETF, bar and coin purchases climbed 52
Gold sold for scrap outstrips new purchases Times Online
PRECIOUS-GFMS/REPORT:Gold may rise above $1100/oz in 2009 -GFMS report Forbes
'No end of game, gold to cross $1100' Commodity Online
Business Day - Creamer Media’s Mining Weekly
all 36 news articles

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FinFacts Ireland
PRECIOUS-GFMS/REPORT:Gold may rise above $1100/oz in 2009 -GFMS report
Forbes, NY
GFMS said the increase in demand for physical gold reflected a growing distrust of institutions. It said in 2008 offical coin minting rose 40 percent, chiefly in the United States, Canada and Austria, while bar hoarding was up 62 percent.
2009 Gold Outlook LIVENEWS.com.au
'No end of game, gold to cross $1100' Commodity Online
Gold price ‘may recover to $1000’ Business Day
Creamer Media’s Mining Weekly - Commodity Online
all 67 news articles

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Gold and silver
rebounded today while stocks fell off. 
Gold is up $8 in early trading, in spite of the fact that the dollar is
up 51 basis points and oil is down $1.47. 
Silver is also up, lagging behind the gold market with a gain of
$.07.  Gold was up in overnight trading
as physical demand picked up and provided support to the market.

 

Earnings reports are
now beginning to hit the markets and expected to be uniformly grim.  It is interestin…

Original post by by Joe Battaglia

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04/07/2009 - Listen to today’s discussion of events shaping our economy, the precious metals and rare coin markets and your investments.

Original post by Joe Battaglia of Goldline International

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