Gold Bullion International

Gold Bullion International Blog

Nov 30, 2011

Think about silver before investing

Bullion Street has an interesting article that makes the case for investing in Silver. The three key reasons for the bullishness on silver is as follows:

1. Gold Silver Ratio (historically between 12:1 to 16:1..)

2. Above ground supply has shrunk dramatically since 1950 (from 10 billion oz's to 500-700 million in 2011)

3. Most silver is uneconomical to recycle

Gold trades around two-week high on central bank action

Gold futures rose Wednesday, putting the metal on track for its third session of gains, as investors cheered the concerted move by the world’s key central banks to slash borrowing costs.

JRG International launches Emirates Investor Savings Plan

JRG International Brokerage DMCC, a leading broker and clearing member of the Dubai Gold and Commodities Exchange, announced the launch of a novel scheme to encourage savings culture through systematic investment in "Visions of Dubai" gold coins on November 11, 2011.

Jefferson County Alabama Files Biggest Municipal Bankruptcy

Jefferson County, Alabama, filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart. The county, home to Birmingham, the state’s most-populous city, listed assets and debt of more than $1 billion in Chapter 9 papers filed today in U.S. Bankruptcy Court in Birmingham.

Should CME Group have flagged MF Global shortfall?

More than a week after a trustee was appointed to liquidate broker-dealer MF Global Inc., customers are questioning whether CME Group failed in its role as auditor of the firm. Ken Boyer, who invested money in corn futures contracts using MF Global's trading platform, said he and others were assured by CME Group that funds entrusted to MF Global were safe. "And now that we really need them, where are they? It's unbelievable," Boyer said.

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