phdinsuntanning

China Admits Gold's Monetary Role: Time to Buy

government funding their expenditure program with gold & silver sales of their increasing domestic production, thats it, fiscal spending, they dont care about loosing face or tricks like that, this is like to say that americans like to drink whisky in saloons, history. be carefull with your investments in recesions.

6 Golden Investments for a Commodities Bounce

IMF 3.9% growth in 2009 looks very optimist,
as chinese growth weigths same as OECD going to
0 (hopefully). BRIC interest rates are well over the trend,
just look Brazil, India is doing the job too, China rates
are 4 times higher than US ones, Russia, well, cheerleeding
oil, and the emerging world is adjusting IMF style, this is early
1980s without the Fed, yet ...even Trichet will not give up
easily. So we are more close to cold than to fire. Gold mining
is useless if you dont go mining and you dont go if there are
no loans and the costs are in the moon.

No Renewed Bull Phase for Metals Miners Just Yet

ETF Securities said on Monday the amount of platinum it holds to back its Physical Platinum PHPT.L exchange-traded commodity fell 30 percent in the week to Aug 17. The ETC is now backed by 218,165 ounces of metal, its lowest point since February 5 and some 46 percent below the all-time high of 407,000 ounces it hit in early July.
In consequense someone is buying the physical thing and those poor
PHPT.L holders are getting a useless piece of paper. No wonder all these ETFs are dying, the metal is going somewhere else...