Commodity Trade Mantra

Posts Tagged ‘Greek Debt Crisis’

I Haven't Lost any Conviction on Gold and Silver: Eric Sprott

Of course it has been a very, very tough game for the last four years here. So far, everyone in the press is downplaying gold and silver but I haven’t lost any conviction whatsoever. There are lots of signs that the economy is not strong & it could fall apart pretty seriously all of a sudden. So you had better be prepared. Have some ‘good’ currency — gold and silver.

China Plans To Launch Renminbi Gold Fix By End of 2015

If the renminbi / yuan gold fix takes off, China could compel local buyers & foreign suppliers to pay the domestic renminbi price, making the London gold fix less relevant in the world’s biggest bullion market. China feels it is entitled to be a price-setter for bullion at a time when the global benchmark, the London fix, is under scrutiny for alleged price-manipulation.

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