When Warren Buffett speaks, people listen. For the first time in ten months (see “Buffett NY Times Op-Ed: Buy Now”, Top Gun FP, October 17, 2009), Buffett voiced his views in a very public forum with an op-ed in this…
“Gold lures inflation wary hedge fund chiefs”, Reuters, July 30 (via Kirk)
Worried about a harrowing, inflation-ridden future, Scott Van Steyn has found the answer in a batch of glittering one-ounce gold coins. In fact, they make up a large chunk of the physician’s assets. “There’s 2,000 years of history to show…
Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines. “Gold just seems to make sense; it’s a store of…
China bought less than a sixth of the Treasuries issued in the 12 months through March. Less than two years ago, by contrast, Chinese purchases of Treasuries, which included purchases in the secondary market as well as newly issued securities,…
Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of our subjects asked if he should be plowing his more than $50,000 in savings into gold. It was 1997 and gold was trading…
The dollar continues to tank and commodities continue to rally in the wake of yesteday’s Fed announcement: The euro is up another 2 cents versus the dollar to $1.37 – after rallying 4 cents yesterday after the Fed announcement. Oil…
Gold powered through $940 today – its highest levels since July ’08. I also noticed that the Gold ETF (GLD) has traded more than 50 million shares today – it’s biggest volume day since Sept 17 and 18, 2008, the…
The catalyst for today’s rally is the rumor that the Obama Administration is in the process of putting together a bad bank proposal to buy up bad assets from financial institutions. The financials are crushing today with the XLF up…