Bill Mint

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The Golden Parachute?

Gold has been flirting with making a BIG MOVE. The consolidations have been going on for sometime now and one gets the feeling that gold is simply waiting for something. Could that something be the near ONE TRILLION stimulus bill that's about to pass in the Senate? Could it be that gold is waiting for Geither to announce how the remaining $350,000,000,000 is going to be spent? Could be! 

Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid renewed fears about the health of the global financial system. Can you blame them? WHo can trust the stock market these days?

The US Mint sold 92,000 ounces of its popular American Eagle coin last month, almost four times that which it sold a year ago and more than it shipped during the whole of the first half of 2007. Other countries’ mints have also reported strong sales. “Large purchases of coins are perhaps the ultimate sign of safe-haven gold buying,” said John Reade, a precious metals strategist at UBS.

The move into gold is being driven by the very rich, with bankers saying that some clients are hoarding gold in their vaults. UBS and Goldman Sachs said last week that investor hoarding would drive prices back above $1,000 an ounce. On Monday gold was trading at $892 an ounce. It is estimated bullion coin demand last year reached its highest level in 21 years. And ghold has been up 6% in the last 30 days.

As I write, gold is currently trading at $906 an ounce.

Traders and analysts said jewellery demand, historically the backbone of gold consumption, had collapsed under the weight of the high prices. Sharp falls in demand in the key markets of India, Turkey and the Middle East have capped the potential of any price rally. But the lack of jewellery demand has not discouraged investors

About the Author

As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.

what is the worth of a mint condition ten dollar confederate paper bill dated 1864?

A dealer who deals in paper money needs to see it for there are a lot of reproductions out there. No one here can really help you. The note needs to be seen.

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Hobbled by a degenerative back disease and arthritis, there were days when Perry Parks was in near constant pain. He tried Vioxx, epidural steroids and other drugs, but he said nothing seemed to work.

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