Tuesday, February 16, 2010

Gold In € Terms Hits Record High 816.33 €/OZ

Perfect fit to earlier posts ( see here & here )...... Wouldn´t surprise me if over time GOLD will print new ATH in almost every other currency .... UPDATE: U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion The Onion ;-)!!

Paßt perfekt zu diesem & diesem Posting.....Würde mich nicht überraschen wenn GOLD auf Sicht in fast allen Währungen neue Allzeithochs markieren wird..... UPDATE: U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion - Vorsicht (REAL) Satire... ;-)!!

H/T FT Alphaville

Gold in euro terms hits record high 816.33 euro/oz Reuters
Euro-priced gold extended earlier gains to hit a record high 816.35 euros an ounce on Tuesday, as investors spooked by fears over the fiscal health of peripheral euro zone economies bought the metal as a haven from risk.
Cannot wait for the "Bubble Talk" to heat up again..... ;-)

Da werden einige der Skeptiker demnächst erneut den "Bubble Talk" bemühen müssen..... ;-)

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6 Comments:

Blogger jmf said...

`heat map’ of sovereign risk for OECD economies / RBS via FT Alphaville

5:55 AM  
Blogger jmf said...

Nothing new but always nice to hear that the US is by far leading when it comes to creative accoun ting and "Enron-esque behaviour"

The Hellenic States of America David Walker

6:59 AM  
Blogger jmf said...

A nice rant!

Greece: Our Debt, Your Problem Kedrsoky

8:00 AM  
Blogger jmf said...

Gold Market Summary - Q4 2009, From The World Gold Council ZH

Investors bought another 30 tonnes of gold via Exchange Traded Funds in Q4, bringing total inflows for the year to 573 tonnes. This took the total amount of gold in the ETFs that we monitor to a record 1,762 tonnes, worth US$62 billion at the year-end gold price.

Net retail demand for gold, which includes demand for coins, small bars, medals and imitation coins, and other retail investment, remained strong during the third quarter. It rose by 17.9 tonnes to 185.9 tonnes in Q3 2009 from 167.9 tonnes in the previous quarter, an increase of 10.7%.

As of Q3 2009, we estimate that only about 1.1% of global assets are invested in gold

9:41 PM  
Blogger jmf said...

Gold Tumbles As IMF Reaffirms Plan To Sell 191.3 Metric Tons Of Gold Over Time in Phased "On-Market" Gold Sales ZH

11:03 PM  
Blogger jmf said...

NYT

Eight states have been given failing scores for their pension management under a new grading system developed by the Pew Center on the States, which also found a $1 trillion gap between what all 50 states have promised their workers and what they have set aside.

1:59 AM  

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