Guest Enron Ex Posted September 11, 2009 Report Share Posted September 11, 2009 Very littlie media outlets are covering this story. Hong Kong has pulled all its physical gold holdings from depositories in London. This coincides with China's yuan becoming an international currency. Quote Link to comment Share on other sites More sharing options...
Guest Matt Graydon Posted September 12, 2009 Report Share Posted September 12, 2009 Investors are turning to gold as they seek assets which preserve their wealth, whatever the financial weather. 2009 has seen record inflows into exchange traded funds and significant increases in retail demand for bars and coins as investors around the world took steps to diversify risk in a systematic way and improve their portfolios’ long term prospects. The stability in the gold price over the long term is testament to the diversity of gold’s demand base, which insulates the price from movements in any single category or country. This is a luxury many other assets, more closely linked to industrial output or consumer spending, do not enjoy. This diverse demand base has helped support the price despite a pressure on jewellery demand driven by ongoing economic uncertainty and high local gold prices. Quote Link to comment Share on other sites More sharing options...
Guest Hang em High Posted September 15, 2009 Report Share Posted September 15, 2009 The whores in both parties do nothing but just follow the money. Quote Link to comment Share on other sites More sharing options...
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