Earlier this year when billionaire and fellow London School of Economics alumnus George Soros got out of gold, it made headlines everywhere. Little noted was the fact that he increased his shares in gold miners this year. Both moves backfired. Gold has gone up and the shares of gold miners have gone
By David Dutkewych You can buy 55 ounces of silver for every one ounce of gold. That’s outrageous. No way silver should be so cheap compared to gold. The 200-year average for the gold-to-silver ratio sits around 37 to 1. Why is the ratio so high now? The answer is, if the
We all face the same dilemma as the reluctant gold buyer who confesses in the excerpt below “Gold has already risen massively. It would be awful to buy at the very top of its bull market. Gold brings in no income whereas many shares currently have extremely attractive dividend yields.”
If fact, central banks are buying gold at a record pace, says the World Gold Council. So far this year central governments – led by China, India, Brazil, and Russia – have bought a net amount of 350 metric tons, easily beating last year’s net purchases of 76 metric tons and the previous high of 180 metric tons back in 1988.
Central banks are buying gold at a record pace, says the World Gold Council. So far this year central governments – led by China, India, Brazil, and Russia – have bought a net amount of 350 metric tons, easily beating last year’s net purchases of 76 tonnes and 180 tonnes in 1988.
You’ve likely never of heard of Duri, Indonesia. I suggest you don’t go there. Nothing to see. Nothing to do. It’s a poor backward outpost in a third-world country, just what you’d expect, except for one thing…
China’s Shandong Gold mining company had made an offer to buy Brazil’s Jaguar Mining. Here are a couple of things you should know about this development…
To hear my brother-in-law boast about his investments in silver, you’d never have guessed that he was an amateur investor. That was, at least, until silver crashed roughly 40% within one week last April.
