| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1721.80 | 1722.50 | $4.00 | 0.23% |
| SILVER | 33.694 | 33.734 | $0.084 | 0.250% |
| PLATINUM | 1624.50 | 1629.50 | $7.00 | 0.43% |
| PALLADIUM | 703.00 | 707.00 | $0.50 | 0.07% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Monday, Feb. 06, 2012
Would Eurozone Be Better Off Without Greece?
By James O'Dell February 6, 2012, Los Angeles – The price of Gold eased 1.82 percent or $32.00, to close at $1,726.00 an ounce on Friday, after better than expected payrolls data put investors hopes for more stimulus from the ...
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Gold News from Morgan Gold
GATA Founder Calls For Audit Of Gold Reserves
August 30, 2010
August 30, 2010, Los Angeles – The price of Gold finished the week higher at $1,238 an ounce on Friday for its first four week gain since June.
Gold bullion prices are up 4.8 percent in August and year-to-date Gold has advanced 13 percent. Silver followed Gold higher and finished above $19.00 an ounce after gaining 5.9 percent for the week.
The U.S. Dollar ended slightly higher against the yen on Friday on Japanese Prime Minister Kan's promise to rein in the soaring currency, presumably through further easing.
Federal Reserve chairman Ben Bernanke told the Jackson Hole central bankers symposium in Wyoming on Friday that the Fed "is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly."
Bernanke also added that the Fed alone could not keep the recovery going. “Strong and stable” growth will “require appropriate and effective responses from economic policy makers across a wide spectrum” including leaders from the private sector, he said.
“The Fed may very well be in for another round of easing,” Carmen Reinhart said in a Bloomberg Television interview.
Bill Murphy, founder of the Gold Anti-Trust Action Committee (GATA) is calling for a public audit of the Gold supplies held by central banks and the International Monetary Fund (IMF).
"There hasn't been an independent audit of U.S. gold reserves since 1955," he says. "Don't you think that's a bit suspicious?"
Murphy is not alone in his call for an audit, Ron Paul, a popular Republican congressman, has been calling for an audit of the Gold reserves since 1982, when he was served as a member on the U.S. Gold Commission.
According to Paul, "Everyone knows a high gold price is a vote of no confidence in paper. That is why governments will manipulate and try to give you an artificial price for gold."
GoldMoney founder James Turk revealed on King World News that there is a market bubble in the U.S. dollar and U.S. government bonds but not in Gold.
Turk also says that investors are beginning to realize the difference between owning physical Gold and owning paper claims to it. Protect your wealth by converting a portion of your assets into physical Gold and Silver. You can easily add Gold and Silver to your IRA as well.
‹‹ news archives
Gold bullion prices are up 4.8 percent in August and year-to-date Gold has advanced 13 percent. Silver followed Gold higher and finished above $19.00 an ounce after gaining 5.9 percent for the week.
The U.S. Dollar ended slightly higher against the yen on Friday on Japanese Prime Minister Kan's promise to rein in the soaring currency, presumably through further easing.
Federal Reserve chairman Ben Bernanke told the Jackson Hole central bankers symposium in Wyoming on Friday that the Fed "is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly."
Bernanke also added that the Fed alone could not keep the recovery going. “Strong and stable” growth will “require appropriate and effective responses from economic policy makers across a wide spectrum” including leaders from the private sector, he said.
“The Fed may very well be in for another round of easing,” Carmen Reinhart said in a Bloomberg Television interview.
Bill Murphy, founder of the Gold Anti-Trust Action Committee (GATA) is calling for a public audit of the Gold supplies held by central banks and the International Monetary Fund (IMF).
"There hasn't been an independent audit of U.S. gold reserves since 1955," he says. "Don't you think that's a bit suspicious?"
Murphy is not alone in his call for an audit, Ron Paul, a popular Republican congressman, has been calling for an audit of the Gold reserves since 1982, when he was served as a member on the U.S. Gold Commission.
According to Paul, "Everyone knows a high gold price is a vote of no confidence in paper. That is why governments will manipulate and try to give you an artificial price for gold."
GoldMoney founder James Turk revealed on King World News that there is a market bubble in the U.S. dollar and U.S. government bonds but not in Gold.
Turk also says that investors are beginning to realize the difference between owning physical Gold and owning paper claims to it. Protect your wealth by converting a portion of your assets into physical Gold and Silver. You can easily add Gold and Silver to your IRA as well.
‹‹ news archives
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