Gold Supply

Gold Prices to Rise Through 2010

Gold Prices to Rise Through 2010

Despite record-smashing prices, world gold demand is expected to remain robust. That means consumers are adapting to higher gold prices. It also suggests that investors are still optimistic the yellow metal will reach its inflation-adjusted high of over $2,500 an ounce as world gold production levels remain stagnant. Some even say that gold could reach $8,000-$10,000 an ounce; that means at the current level of about $1,350 an ounce, the bull market might only be less than 14% complete. And in just a second, I’ll tell you exactly how to squeeze the most from your gold investments in this bull market… World gold demand to remain strong through 2010 The global demand for gold is expected to remain vigorous throughout the rest of the year for three key reasons: Robust demand for gold jewelry in Asian markets; Strong gold investment demand as a result of economic and paper currency concerns. Heavy industrial gold demand for consumer electronics; and Gold jewelry demand is expected to increase approximately 11% this year despite record-breaking prices, lead by buying in India. In fact the demand for gold jewelry in India during the first three quarters of this year have already exceeded last year’s level. And the fourth quarter will offer seasonal support as Indians celebrate the traditional gold-buying festivals of Diwali and Dhanteras. Robust jewelry sales demonstrate the fact that consumers are becoming accustomed to higher price ranges. This could mean a new long-term price floor for gold above $1,000 an ounce. Increasing demand for gold for industrial applications also indicates a new price floor for gold. Industrial gold demand has returned to long-term trend levels and is expected to remain strong as economic growth …

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Barrick (NYSE:ABX) Sees $1,500 Gold in 2011

The largest gold mine in the world, Barrick Gold (NYSE:ABX), said it sees gold prices in 2011 “easily” surpassing $1,500 an ounce. Barrick CFO Jamie Sokalsky cites the underlying supports which should ensure gold continues to rise, as the reason for his optimism. Those supports include the European sovereign debt crisis which won’t go away, geopolitical circumstances, macroeconomic issues, and

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How China Will Corner the World’s Gold Supply

This post initially appeared on EnergyandCapital.com June 1st, 2010. With the Eurozone looking about as stable as a burning deepwater oil drilling platform — and the partisan American media propping up President Obama’s jobless domestic “recovery” — the U.S. dollar has seemed to get a temporary stay of execution in the court of global economics… But let’s not allow the buck’s spring bloom to erase the memory that for years now, as the dollar declined against the euro and other currencies, many have been gunning for its replacement as the de facto world reserve currency — and the monetary unit in which oil, gold, and other commodities are priced. In the heat of the dollar’s descent in 2007, our own beloved (not) Alan Greenspan said that it was “absolutely conceivable that the euro will replace the dollar as reserve currency, or will be traded as an equally important reserve currency.” His voice presaged or echoed the sentiments of many important nations, among them well-known dollar-bashers China and Russia — but also to varying degrees India, Iran, Brazil, Venezuela, and others… Advertisement An Airplane Mechanic’s 843% Profit Secret By sheer luck, one working class man from Minnesota discovered a “kickback” strategy that turned his $35K retirement fund into a hefty $295,050 nest egg in a little under 2 years… But now his secret is ours — and our readers have already started to make 100% legal “kickbacks” of as much as 793%, 846%, even 3,475% or more from this reliable strategy. Click here now to learn why we’re no longer keeping this profit trick hush-hush… And let’s not forget that the U.N., IMF, OPEC, and G20 have all recently pondered or publicly called for some form of decoupling of the U.S. dollar from commodities — or its replacement as the gold standard (no pun intended) of world reserve currencies. None of these bode well for the buck. One doesn’t have to be economist, monetary historian, or even an investing ace (I’m none of these, to be sure) to see that nothing about America’s current monetary policy could arrest the dollar’s ultimate decline against other currencies of the world. Even after the Eurozone gets its act together, we’ll still be printing dollars by the truckload, artificially fending off inflation with a bunch of book-cooking hocus pocus — and pressuring (or begging) other nations to underwrite our overspending by purchasing dollar-based debt. That’s not how a strong, stable global reserve currency is maintained. …

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The Fallible Mr. Buffett

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. For years, we’ve become accustomed to hearing how no one could have seen the unfolding subprime crisis… not even, according to Warren Buffett, the credit rating agencies. The very companies that paid millions to do efficient research could not foresee a problem of this magnitude? What is Buffett thinking? This is the guy that once stood up for the little guy, defending him from corporate madness. And now he’s defending credit rating agencies— some of the very companies that took us to the edge of financial ruin, all while holding stock? Advertisement The Samurai’s Secret that can Make You 2682% 700 years ago, the first true Samurai blade was born after a few grains of this metal was added. Today, that metal is indispensable to modern industry, and yet, we’re running short. Find out why the Chinese are now hoarding every ounce they can get their hands on… And how one company may have found the solution to a global crisis. Why is he now catering to the corporate elitists that helped foster the subprime meltdown? Why is he defending Goldman Sachs and its CEO Lloyd Blankfein— accused on fraud charges from the SEC and undergoing an alleged Justice Department investigation of criminal wrongdoing surrounding the structuring of ridiculous derivative contracts? And why is he fighting derivative legislation after calling derivatives “financial weapons of mass destruction,” “unattractive,” and comparing them to hell and to Hurricane Katrina? (In a note to investors, he once wrote: We are delighted that we hold the derivatives contracts that we do. To date we have significantly profited from the float they provide. We expect also to earn further investment income over the life of our contracts. ) It wreaks of hypocrisy. But what really sucks is his support of credit rating agencies, which shouldn’t be blamed because they couldn’t have seen the subprime crisis unfolding. And we all know that’s bull… How could they not have seen this coming? We did… because it was as clear as day. As I reported back in 2007: Subprime lenders could offer adjustable or teaser rates to those with bad credit. Loans like this made up 23% of the U.S. mortgage market in 2006 as compared to the 8% in 2001, according to Yahoo! News. And it’s a big problem, as one in five sub-prime mortgages…

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Gold Investing – Retire Without Fear | Free Stock Photo Image Gallery

The ten gold stocks you recommend now, if held since then, are up about 500% on average. Not too shabby while gold bullion is up about 70%, a 7-1 ratio.” Currently, world gold demand exceeds global gold supply by 60%-100% annually; …

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China Running Out of Gold?

China’s Gold SupplyChina has increased gold production in the country in a relatively few years to become the largest gold producer in the world in 2007. That surprised everyone at the time because to do it China’s output grew at an extraordinary annual rate of 84 percent. At that rate of production, the question must be raised as to whether China is going to run out of gold any time soon.If they

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