Bloomberg reported that European Central Bank President Mario Draghi's announcement of an unlimited bond-buying program for the Eurozone drew gold futures up to $1,703.50, their highest level since March.
Businessweek reports that Gold rose, rebounding from the biggest loss in four months.
Bmgbullion.com compares the pros and cons of investing in Gold vs Bonds.
Some analysts have pointed out that gold has few end users and a healthy above-ground supply, so why has it shown so much price strength in the last few years?
First Quantum Minerals Ltd. declared that it intends to make an offering of bonds convertible into common shares of the Company in the United Kingdom and other jurisdictions in the European Economic Area due 2014 in the total aggregate amount expected to be around US$350 million. For full story, click here
Russia’s second-largest gold producer Peter Hambro Mining Plc. declared that it has bought $40 million of its gold exchangeable bonds due 2012, leaving $53 million of the bonds outstanding. For full story, click here
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]
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