by cfini72 on Sep 13, 2011
James J Puplava CFP with Nick Barisheff - Jim welcomes to Financial Sense Newshour Nick Barisheff, CEO at Bullion Management Group Inc, to discuss the gold market, and explain why gold is not in a bubble.
The European Central Bank said Tuesday that gold reserves held by euro zone central banks went up by 1 million euros in the week ending Sept. 9.
Posted: Tuesday , 13 Sep 2011FRANKFURT (REUTERS) -
Gold and gold receivables held by euro zone central banks rose by 1 million euros to 363.249 billion euros in the week ending Sept. 9, the European Central Bank said on Tuesday.
The combined balance sheet of the ECB and the 17-national euro zone central banks, grew to 2.086 trillion euros, the statement showed. Capital and reserves totalled 81.481 billion euros.
For details of the report, please see the website: www.ecb.int/press (Reporting by Sakari Suoninen)
http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=135391&sn=Detail&pid=31
Swiss asset manager Urs Gmuer reckons gold is due for a big increase, but silver even more so with the silver gold ratio coming down to as little at 10:1 based on supply criteria.
Author: Katy BarnatoNEW YORK (CNBC.COM) -
Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm said silver is set for an even greater upward run than gold, with the market due to correct a distortion in its pricing of silver in relation to gold.
by RussiaToday on Sep 12, 2011
Italy's much-disputed 54-billion-Euro austerity package to slash the country's crippling debt will go through a final debate at the lower house of Parliament on Monday. It would increase taxes and cut government spending to balance the budget by 2013. But constant changes to the plan and squabbling between lawmakers has damaged people's faith in it. And as Ivor Bennett reports, there's a town that's decided it doesn't want to wait for the cuts.
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