Robert Kiyosaki of Rich Dad Poor Dad fame discusses the merits of buying Silver over every other asset. Makes sense, try to name another asset that is less than half it's all time high of the 70's bull market and that is nominal dollars not inflation adjusted dollars.
Sunday, June 27, 2010
Russia's central bank, one of the world's largest holders of foreign-currency reserves, trimmed its currency reserves by $6.6 billion in May, according to data on the bank's Web site, but increased its gold reserves by $1.8 billion. Last week, an Iranian news agency said the country had begun switching €45 billion of its foreign-currency reserves into gold......read on
Indian equity markets are showing signs of higher volatility and hinting at consolidation from its current levels primarily on the back of overseas economic concerns, the gold prices are once again believed to scale up to make newer highs in near future.....read on
Gold rose to a record in London and New York as investors bought the metal to protect wealth from Europe’s financial turbulence and on concern that the economic recovery isn’t as strong as expected……The metal’s “unique property as the ultimate safe-haven currency is making gold an attractive investment,”….. Gold, up 15% this year, is heading for its 10th consecutive annual gain, the longest winning streak since at least 1920. Bullion has outperformed other commodities as global equities slipped, and this month reached all-time highs....read on