TruthInGold''Dollar is not your friend''

Even with silver being a volatile metal at times, I'm still a fan. I'll admit however, there are certainly some potential pitfalls to buying the shiny stuff. In fact, if you're not careful, you can take quite a hit on investing in silver due to simple ignorance regarding its purchase. This is why I make sure that when I'm on the lookout for good (physical) silver buys, I watch out for the following tricks, traps, and seller "techniques". The difference between a standard ounce and a troy ounce is about 3 grams. This doesn't sound like much, but when you consider a troy ounce is just over 31 grams, it's a difference of about 10 percent Now consider that you're buying 10...

It didn't take much to bring beleaguered gold traders back from the brink. Jitters in Japan and fear over the Fed have stoked a reversal in gold that follows a seven month, 25% slump. While the most widely traded metal is still only about $25 away from the two and a half year low it hit in April, Paul Schatz, president of Heritage Capital, thinks there's currently a lot more upside than downside in gold. "This is probably only half or three-quarters of the way done," Schatz says in the attached video of the long-term rally in gold. In fact, in a recent note to clients he wrote, "I do not believe there is enough evidence at this time to conclude that the secular bull...

Trading in gold using the Chinese currency has tripled in Hong Kong this year as the yuan’s rally to a 19-year high helps limit risks for jewelers. Average daily volume was 6.5 billion yuan ($1.1 billion) in the first five months of this year, compared with 1.8 billion yuan for the same period in 2012, according to the Chinese Gold & Silver Exchange Society, the city’s century-old bullion house. That exceeds the 4.9 billion yuan target set when the contracts were introduced in October 2011. Yuan-based markets and financial services in Hong Kong are expanding as the city seeks to cement its status as the major offshore trading hub for China’s currency. The yuan t...

A fall in global gold prices has spurred a buying rush for jewelry during the current wedding season. But an even larger fall in silver prices has failed to tempt buyers. When gold prices head higher, Indian consumers often turn to silver. But with gold prices down 13% since September, Indians are stocking up on gold jewelry they couldn’t afford previously, leaving silver items on the store shelves. “When gold becomes expensive, that is when silver comes in favor as a kind of proxy,” said Gnanasekhar Thiagarajan, director of Commtrendz Risk Management, a consultancy. ” But with gold having become so cheap, silver is no longer the first on list.” During the ongoin...

Hedge funds are making the biggest bet ever against gold prices, signaling continued volatility for the metal after prices entered a bear market last month. The chart shows that gains in so-called short contracts are usually followed by increases in a gauge of price swings for the SPDR Gold Trust, the biggest bullion-backed exchange-traded fund. Yesterday, the value of the SPDR Gold ETF climbed as much as $1.5 billion before ending the day down $418 million. Bullion has tumbled 18 percent this year as some investors lost faith in the metal as a store of value and amid concern that the Federal Reserve may scale back economic stimulus. Prices in New York yesterday r...

London-listed gold producer Petropavlovsk has said it will pre-sell 55pc of its future output planned for the second quarter of 2014, at an average price of $1,408 an ounce. This is the first time that a big producer has hedged more than half its future sales. “We have a huge investment programme and thought a little price protection in the short-term will let us sleep better at night,” said chairman Peter Hambro. Tyler Broda from Nomura said this may signal the return of “structural hedging” across the industry, with other companies scrambling to lock in forward contracts. “This could increase the pressure on the spot gold price over the coming year...

Let’s go straight to the conclusion: too many mysteries are occurring in the gold market, in 2013, to accept them as regular facts. No matter at which “side” you are of what we consider the most controversial asset, you simply cannot deny that the following list of events is something stronger than suspicious. Most importantly, although the mainstream media were very fast to announce the potential sale of 10 tonnes of gold by Cyprus, adding to the negativity around the yellow metal, the events in this article are of much higher importance, but they did not make it to the mainstream press. Maybe that is the most suspicious fact of them all. Starting in December of last ...