Buy Gold Bullion | <b>Gold Bullion</b> Steady Ahead of US Fed, Link to Oil Price "Broken" as <b>...</b> | News2Gold |
| <b>Gold Bullion</b> Steady Ahead of US Fed, Link to Oil Price "Broken" as <b>...</b> Posted: 18 Jun 2014 04:42 AM PDT GOLD BULLION prices held steady above $1270 per ounce Wednesday morning in London as European crude oil prices held near 9-month highs and Western stock markets ticked higher. The Iraqi army said it pushed back ISIS militants from Baiji, the country's largest oil refinery, some 130 miles north of Baghdad. Ukraine's new president, Petro Poroshenko, was set to offer a unilateral ceasefire according to Kiev, so that pro-Russian separatists can lay down their arms. "Gold had a modest bounce this month, which I think has run its course," reckons $20 billion fund manager Michael Shaoul at Marketfield Asset Management in New York, quoted by Bloomberg. Gold's 6-month correlation with oil prices, says the newswire, has "turned negative" for the first time since mid-2009. "The long-term chart for oil tells me that the price wants to go higher," says Shaoul. Trading half-a-per-cent down from last week's finish in Dollars, the price of gold bullion was less firm Wednesday against the Euro and Sterling, as the US currency slipped ahead of today's Federal Reserve decision on zero interest rates and QE money creation. The Fed is widely expected to announce another $10 billion of QE tapering, down to $35bn per month. Ten-year US Treasury yields edged lower as prices rose ahead of the Fed decision, offering 2.64% annual income to new buyers. UK gilt yields meantime fell hard after minutes from the Bank of England's latest meeting showed policymakers were unanimous in voting for no change to record-low 0.5% interest rates. Silver prices tracked gold bullion, also rallying quickly from Tuesday's 0.7% spike lower and rising back to $19.75 per ounce – slightly up on last week's finish. Market-development organization the World Gold Council meantime announced a meeting for 7 July to discuss "reform" and "modernisation" of the London Gold Fix, the century-old dealing point taken as the global daily price benchmark. With UK and German regulators expressing interest in how the Fix is achieved, "Any reform or replacement of the Fix," the Council said – inviting central banks, miners, refiners and regulators to attend – "must serve the needs of all market participants and meet today's requirements for transparency, liquidity and independent oversight." Trade group the London Bullion Market Association – holding a members' seminar Friday to review proposals for the Silver Fix process, due to end in its current format after 117 years in August – said "the WGC's perspective from its gold mining members and the ETF investment community ensures an important dimension to the on-going benchmark discussion."  |
| Silver Eagle <b>Bullion</b> Coins No Longer on Allocation - <b>Buy Gold</b> Posted: 21 Jun 2014 08:09 PM PDT Share it now! Silver Eagle Bullion Coins No Longer on Allocation goldstandardsmallobv Image by pbarnhart_cedarpark Gold Standard Corp was the brainchild of Conrad J. Braun (1960 – Present). Created in 1976, he promoted his company to investors and hard-money proponents. Incestors woul.d mail in monthly paymkents to be used in buying gold, silver or platinum. Once an investor's account totaled ,500, he would mail the metals to the investor or store them in his vault in Kansas City. In 1980, Gold Standard had enough money to buy miliions of dollars in gold bullion from the U.S. Treasury, which he then minted and sold to investors as an inflation hedge. In the mid-80s, gold prices crash. Braun, according to prosecutors in 1994, alleged that he took his investor's money and gambled on commodoty futures. But his temper brought him down before anyone caught on – he was jailed in 1991 for harassing his ex wife. Amazingly, he continued to run Gold Standard from prison. In 1993, his employees contacted the FBI. Seems that out of the million in precious metals he was supposed to have, he only had about 0,000. In 1984, he plead guilty to 10 counts of fraud. And where is he now? His legal difficulties continue to this day – just wander over to your favorite search engine and look for "Bumble Bee Braun." As for the innocent souls he immortalized on his coins and currency? Nicholas Deak (1905-1985) was a banker and founder of an internationally renowned retail currency-exchange service and dealer in precious metals. Henry Hazlitt (1894-1993) was a libertarian philosopher, economist, and journalist. en.wikipedia.org/wiki/Henry_Hazlitt E.C. Harwood (1900-1980), www.aier.org/about/ec_harwood.php among other acheivements, was the founder of the American Institute for Economic Research |
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