The Bullion Report March 11, 2010
Are The Days of “Big Gold” Over?
Mineweb
Two of the world’s biggest three gold miners, Barrick and AngloGold Ashanti, have started moves – no matter how tentative – towards possible constructive disintegration, as pressures continue to mount on gold miners world wide, despite eight successive years of rising dollar gold bullion prices. For well over a decade, gold miners have indulged in heavy merger and acquisition activity, but now, Big Gold may be on the last legs of a ride it never really paid for in the first place. AngloGold Ashanti has indicated that it may split its global portfolio, following last month’s news that Barrick, No 1 in global gold mining, would be floating off 25% of, and listing, African Barrick Gold, in London, within the next few weeks or so. To this overall story there are at least two legs, one thin and gaunt, the other heavy and twisted.
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Palladium May Cross $500 Per Ounce
Commodity Online
One of the major precious metals which is riding the auto demand wave is Palladium. With auto sales soaring in China and India, palladium prices are set to cross $500 an ounce in the coming days. Palladium is used in automotive pollution-control devices and for jewelry. According to market analysts, palladium will soon go above $500 an ounce. Prices last traded over $500 in March 2008. Palladium climbed to $480 on March 8, the highest price since March 2008. The metal, which traded at $472.15 in London, is up 16 per cent this year after more than doubling in 2009.
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Buying Silver as an Investment
The Motley Fool
Over the years, new investment options are introduced to the market. Aside from investing in stocks, bonds and other financial instruments, investing in precious metals became a popular investment strategy for those who would like to make their money grow. Of the precious metals, buying gold is the most common choice of investors. However, with more and more people becoming interested in other options, investors also buy silver because they see this as a promising investment. Silver bullion is being traded for many years. Silver coins are even used as currency during the biblical times.
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gBullion, The New Digital Currency for Gold Trading
Commodity Online
A new online payment facility that enables any user to buy or sell gold and make safe instant payment from any part of the world has been launched on Thursday in United Arab Emirates by GBullion DMCC, a company registered in Dubai and licensed to sell gold..The company informs that all transactions are made in system digital currency – gB, wherein 1 gB is equal to 1 gold gram. After the purchase, gold bars (of 99, 5% or higher purity) are stored in the specialized secure Vault while corresponding quantity of gold grams (gB) is transferred to electronic gBullion client account.
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Learn to Know the Hard-Rock Mining Business to Love It
SilverSeek
We had just sent Mr. Baker a copy of Paul Sarnoff’s “Silver Bulls – The Great Silver Boom and Bust,” following up a conversation we’d had with him in January at The Cambridge House conference in Vancouver about Gregg Olsen’s superlative work, “The Deep Dark” about the Sunshine Mine Disaster of 1972, (Any time you catch a mining CEO with curiosity, with which Baker brims, and one who sends books that move him to his department heads and requires them to read it, well, you indulge that curiosity.)
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Using Gold to Fend Off The FDIC and Its “Problem Banks”
GoldSeek
He’s right, of course, but before you rush out to start a bank and get your piece of this Federal Reserve stupidity, perhaps you should consider something along the lines of buying gold, silver and oil in some kind of wild, paranoid, knee-jerk reflex as a small, small part of a whole constellation of symptoms known collectively as Screaming Fear Of Outrage (SFOO) of the inflation that will be caused by such massive increases in the money supply, now additionally caused by the needs of the FDIC, but he goes on that it will get worse than that, as, “On top of that, the FDIC’s list of ‘problem banks’ grew during the fourth quarter from 552 to 702” he says! Yikes!
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