Archive for March 8th, 2010

State of the World - Reserve Currency
Vero Beach Press-Journal (subscription)
At the G- 8 Summit a year ago, President Obama was presented, by Russian President Medvedev, a Ghanaian gold coin. Medvedev stated this would be the basis

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Markets: FTSE 100 showing little direction
Interactive Investor
In euro terms, gold hit a fresh record of ?838.26 an ounce on Friday as Greece's sovereign debt catastrophe caused increased buying.

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03/08/2010 - Listen to today’s discussion of events shaping our economy, the precious metals and rare coin markets and your investments.

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Gold started out
the day unchanged based on a weak dollar as the euro rebounded overnight.  It is widely expected that the situation in
Greece will be resolved with some sort of a bailout.  As a result the euro rallied, pushing the dollar down 27 basis
points.  Gold is trading down $6 in
early trading while silver is at unchanged. 

 

Overnight French
President Sarkozy said major euro zone members would do what is needed to
insure that Greece is…

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