Recently, I was interviewed by a journalist from The Business Times on gold investing.I haven’t been posting for months!
So what’s new? Recently, a friend of mine has been bitching to me about how I have left my blog unattended and not writing new posts. For those of you who have been coming back to my blog to check out new posts, I sincerely apologise.
But hey, did you need me to remind you that gold and silver is still cheap? I didn’t think so.
As of today, gold and silver is on sale again! If you have been buying silver from Perth Mint regularly, then here’s a double bonus for you. Silver is down, and AUD$ is down as well!
I’ve just entered a new order for more silver. Have you?
Gold can clean your drinking water
Gold can clean your drinking water
Source: Commodity Online
MUMBAI: Do you know that Gold can clean your drinking water?
According to a news article posted on the World Gold Council web site, gold nanoparticles ten thousand times smaller than a human hair could be used to break down chemicals in drinking water and reduce pollution.
It said the particles, which mix gold and palladium, are the creation of engineer Dr Michael Wong from Rice University in Houston, Texas. Dr Wong was recently named among Smithsonian magazine’s America’s Young Innovators.
His particles are used alongside hydrogen to break down harmful solvents and other chemicals in groundwater, making it safer for both humans and animals.
Gold futures soar to record above $1,000 an ounce
Gold futures soar to record above $1,000 an ounce
By Polya Lesova, MarketWatch
Last update: 7:01 p.m. EDT March 13, 2008
Source: Marketwatch.com
NEW YORK (MarketWatch) — Gold futures broke above the psychologically key level of $1,000 an ounce Thursday, propelled by ongoing dollar weakness and bleak news from the financial sector.
Early Thursday, gold for April delivery soared to a record high of $1,001.50 an ounce on the New York Mercantile Exchange. This was the first time that gold surpassed $1,000 an ounce. Graphic: Timeline of gold’s march to $1000.
Later in the session, the gold contract gave up some of its gains and ended up $13.30 at $993.80 an ounce.
“Today’s spike will likely become known as the Carlyle/Drake rally,” said Jon Nadler, senior analyst at Kitco Bullion Dealers, in a research note.
“The imminent doom of the Washington-based bond fund and probable demise of the hedge fund sent icy shivers through the financial markets that way overshadowed the cheer we witnessed following the Fed’s term facility plan the other day,” Nadler said.
Gold edges closer to $1,000
Gold edges closer to $1,000
Mixed economic news and a surge in oil prices push the precious metal to record high.
By Ben Rooney, CNNMoney.com staff writer
March 5 2008: 3:46 PM EST
Source: CNN Money
NEW YORK (CNNMoney.com) — Gold prices surged to a record Wednesday, closing to within $5 of the $1,000 milestone, as a combination of record-high oil prices and the continued devaluation of the dollar brought buyers back into the market.
Gold for April delivery rose as high as $995.20 an ounce before easing back to $990.60, up $24.30, surging past the previous trading high of $978.50 an ounce, set last week.
Gold prices have flirted with the psychologically important $1,000-an- ounce mark in recent weeks as concerns about the health of the U.S. economy have made the precious metal more attractive to investors looking for a safe haven.
Meanwhile, oil prices surged nearly $5 a barrel amid concerns about dwindling supplies and OPEC’s decision to hold output steady.
How about a gold watch?
Bought a gold watch from a 2nd hand dealer recently. What I like about this watch is the 5 grams of 999.9 fine gold proof medalion of numismatic value.
The movement of this watch is also very interesting as it uses a stainless steel ball bearing to tell the time through a magnetic movement.
Made with Lacher swiss parts, this watch is distributed by B H Mayer’s Mint in Germany.
UPDATE 4-Gold steadies but long-term bullish trend intact
UPDATE 4-Gold steadies but long-term bullish trend intact
Wed Mar 5, 2008 11:19am GMT
(Recasts, adds quotes, changes prices, dateline, pvs SINGAPORE)
By Atul Prakash
Source: Reuters
LONDON, March 5 (Reuters) - Gold steadied on Wednesday after trimming gains as the dollar gained ground against the euro, but analysts said the long-term bull trend remained intact and the metal still had $1,000 an ounce in its sights.
Spot gold <XAU=> rose as high as $968.50 an ounce on bargain hunting before falling to $963.10/963.80 at 1107 GMT, against $963.20/964.00 in New York late on Tuesday, when it fell nearly 2 percent with a decline in oil prices.
Though gold remained below Monday’s record high of $989.30, analysts said it was still on track to hit $1,000, with oil prices hovering near an all-time high and the dollar’s appeal declining on expectations of more U.S. rate cuts.
“The next move in gold really depends on what happens to the U.S. non-farm payrolls data. If it’s much weaker than expected, the dollar would probably weaken and it would be definitely good for gold,” said Walter De Wet, analyst at Standard Bank.
