With future economic outlook left uncertain across the western world, insightful investors are directing attention toward gold for long term monetary gains and risk aversion toward fiat bills. The developing East has followed suit, increasing its precious metal holdings in union with its ascension into world markets. Following is some of the recent news about gold from around the world.
Gold Price Projections
Today Egon von Greyerz spoke with King World News about the financial destruction that investors will witness in 2013 and in coming years, and how gold and silver will fare in this incredibly volatile environment. Here is what Greyerz, who is founder of Matterhorn Asset Management in Switzerland, had this to say:
“Eric, 2012 was a tough year for some investors since gold has not really done much in dollar terms..."
Today the man that spotted QE4, before anyone else in the financial world, surprised King World News when he boldly predicted that gold will eventually trade above $10,000 an ounce. Pento also warned that in the first half of 2013 Israel would attack Iran, sending oil prices skyrocketing to $170 a barrel...
The following charts were put together exclusively for King World News by Kevin Wides, out of Switzerland. Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in both gold and silver as we head into 2013. These charts show the next pulse higher for gold and silver may stretch to $3,620 and $125, respectively.
India has one of the fastest growing high net worth segments in the world and its members like to have gold in the kitty
Even as the government is considering schemes like gold deposits to rein in the huge surge in gold imports, such initiatives haven't yielded much success in the past.
Russia's central bank has no immediate plans to diversify its foreign exchange holdings, Chairman Sergei Ignatyev said on last week
A look at the list of the ten best read mining stories on Mineweb throughout 2012.
Today 42-year veteran Bill Haynes, President of CMI Gold & Silver, told King World News that the public is now buying “monstrous” amounts of physical gold and silver. Haynes also discussed what this unprecedented buying means going forward and how it will impact the market.Here is what Haynes had to say: “Eric, this was a 3 day week for us because of the holiday schedule...
The following gold charts reveal the true horror of the decline of Western influence and power, and the rise of Eastern economic dominance and power. These fascinating, yet disturbing, graphics were sent to us from Nick Laird of ShareLynx out of Australia. This is the third and final in a series of releases where KWN featured charts from Laird which gave a visual snapshot of what is really taking place in the gold and silver markets...
A South African lawyer has moved to file a Silicosis class action motion against over 30 gold firms on behalf of 17,000 former miners.