Barrick’s El Dorado?
Despite their calm assurances, executives at the world’s biggest gold miner Barrick Gold must be at their wits’ end over their stalled Pascua Lama project. For two years, Argentine and Chilean...
View ArticleAttention, girls: Diamonds may not be your best friend
Marilyn Monroe, who sang "Diamonds are a girl's best friend" in the 50s, might be shocked to find out that the value of dimonds has fallen rapidly in the past six months. According to Nomura, the...
View ArticleInvestors hoarding gold?
This week we've brought you interviews with some of the world's best-known mining and steel companies. One thing that we've heard over and over again is: gold is king. Industry watchers say thinking of...
View ArticleGold offers double-edged shine
It was Goldman Sachs who famously predicted oil prices to reach $200 a barrel last year, but there are a school of bullish investors who forecast a substantial rally in gold. Take Gold and Energy...
View ArticleGold to go
Automatic teller machines (ATMs) -- 500 of them -- dispensing pieces of gold will be available around Germany, Switzerland and Austria by the end of this year. That at least is the plan of German...
View ArticleMining gold in Russia’s remote Chukotka region
Chukotka, a region revived in the last eight years by the $2.5 billion investment of Chelsea soccer club owner Roman Abramovich, produced a fifth of Russia's gold in the first half of this year. Gold...
View ArticleStart building the bunker
They keep telling us that the recession is over so maybe now's the time to start worrying about inflation. That's the view many wealthy investors are already taking, reasoning that a little bit of the...
View ArticleIt’s the dollar
Two graphs (from Scott Barber) to remind that what you get from assets depends on the currency:
View ArticleThat’s rich. I meant the wine.
What do gold and wine have in common? Price. Well, too high of a high price, according to Jeffrey Rubin, director of research at Birinyi Associates, the stock market research and money management...
View ArticleShould central banks now sell gold?
Central banks in debt-strapped countries have a golden opportunity ahead of them, if you will excuse the pun, to help their countries' finances by selling their yellow metal holdings. At least, that is...
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