Commodity Trade Mantra

Posts Tagged ‘Global Debt Crisis’

A Technically Reasonable Correction in Gold Prices

For those who persist in looking at gold as an investment, the fall in gold prices in May is simply within the bounds of a normal correction. But they would be missing a vital point & that is by buying gold they are selling an inferior form of money. Not only is the dollar already demonstrably overvalued when priced in gold, but there is a growing inevitability of a further, substantial declines.

Russians Buy More 25 Tonnes Of Gold Bullion Again In June

Russia puts great strategic importance on its gold bullion reserves. While its gold reserves may not be on a par with western nations it is worth noting that neither is Russia’s debt. In the event of a new global debt crisis and an international monetary crisis, Russia is less fragile than many debt-laden western economies.

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