Quotes and Charts for Gold & GLD (the ETF for Gold)
Gold currently $1,669 per oz.
-------- Original Message --------
| Subject: | FWC: Golden Pasts & Futures |
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| Date: | Wed, 19 Dec 2012 06:22:51 -0800 |
| From: | Jas Jain |
FWC: Golden Pasts & Futures
As I have said many times, gold is the safest currency, far safer than the safe paper currency, Swiss franc, before the Crisis of 2008. As for America, the golden past is long over and a dark future is certain. We are in a transition period that might last another few years. Why so? A bad econo-political system supported by thoroughly brainwashed population about the efficacy of democracy as a political system. A system where no one is held responsible is a bad system by definition.
Jas
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- Gold currently $1,669 per oz.
http://www.prudentbear.com/index.php/featuredcommentaryview?art_id=10739
Golden Pasts & Futures
- by Satyajit Das
- December 12, 2012
In Germany, gold is now available from vending machines in airports and railway stations–Gold to Go. Shoppers can buy a 1-gram wafer of gold or a larger 10-gram bar. Seeking safety for their savings, individuals have purchased 150 tonnes of gold, mainly in the form of coins. Investors poured money into special funds (known as exchange traded funds [ETFs]) that pool investor monies to buy over 1,000 tons of gold. Having earlier sold off their holding, some central banks are now rebuilding their gold reserves.
Refiners are unable to keep up with demand for gold bars and coins. New gold vaults are being built to accommodate demands for secure storage.
As the global financial crisis continues and the cure of easy money proves as dangerous as the disease, the gold price has increased from around $250 per troy ounce in 2001 to a peak of over $1,900 in 2011. It now trades at around $1,750 per ounce.
As poet John Milton wrote: "Time will run back and fetch the age of gold."
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