More Gold Price Manipulation by Central Banks

After a steady move higher, gold prices had a sudden and very strange loss during yesterday’s session. The precious metal fell back almost $50 without warning after it spiked to a steep early-morning high in the U. S. to close at $1710.45, down $31.10. Everyone who has ever seen a price chart of anything (need not be gold) will notice that Thursday’s action looks a bit strange. Here is the chart for everyone to check out: Suspicions as to this not being genuine price movements did not take long to be confirmed. It took just a few hours for news...

Jim Rogers Buying More Gold

Jim Rogers, chairman of Rogers Holdings and one of the most successful traders in the world, is Buying More Gold. Not only is Rogers buying more gold, but wht he is buying is physical bullion. Not gold mining stocks, not gold ETFs but real, tangible gold. Just on his way back from the dealership in New York City, he presented a few gold coins from his pocket right on the table. Asked why these were all new, Rogers replied, “I don’t buy the collector side. […] In the world that might happen, where there’s so much chaos and turmoil, they’re...

Sterling Gold Price Hits New All-Time High

Bournemouth, U. K. — The price of gold has reached a new all-time high in sterling. An ounce of gold is quoted in London as high as £965.77 in late-afternoon trading. This is a solid increase of more than £6 over this morning’s price alone. According to SoundMoney Gold & Silver, the precious metals trading section of ecoPen Ltd based in Bournemouth, numerous factors of uncertainty contributed and are continuing to contribute to this fact. Chief among them are increasing worries about the situation in Greece. Interest rates on Greek government bonds had been quoted at more than 30% earlier this week. Bullion and coin dealers...