Analysis is required for IMF’s proposed gold sales, and Resourceinvestor.com has done an excellent report on it.
Resourceinvestor.com report has mentioned that in the past proposals to sell gold by IMF were blocked by the US Congress. Congress because of its weighted voting power was a virtual veto on [...]
Bloomberg’s report on Northwestern Mutual’s gold buying is the hottest topic right now. The report titled “Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time in 152 years to hedge against further asset declines” is the internet buzz right [...]
Jessica Cross, CEO of Virtual Metals, had forecasted $900 gold in 2008; and it did go up to there. Now, the Citigroup are forecasting the price of gold to be $1000 if the US economy goes recessionary. If the economy goes into a recession, Citigroup predicts gold as the [...]
Recently gold price has been going up. You should take advantage of this and strengthen your place in the market. Daily $1 silver price increase and $20 gold price increase are of interest to all precious metals investors. Investors wonder if these price increases are of significance in the long-term.
