Gold Bullion International

Nov 08, 2011

CFTC issues latest statement on silver market investigation

More than three year after announced investigation into unlawful acts in the silver market, CFTC has issued a latest statement on the matter. In the statement, Commodity Futures Trading Commission said it is still pursuing an investigation into the possibility of unlawful acts in the silver market. 

The investigation has been ongoing since September 2008. Since that time, the commission has received a number of comments and letters asking the government to investigate the COMEX silver futures market. Several complaints…

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Nov 07, 2011

‘Gold may hit $2000/oz on negative real rates’

If real U.S. interest rates remain low, Gold eventually may top $2,000 an ounce, says Deutsche Bank. The bank looks for gold to be the most resilient of the precious metals for the time being, since others with heavier industrial uses are held back when global economic growth is under pressure. Deutsche Bank’s analysis shows that since 1970, whenever U.S. real interest rates have fallen below minus 3%, Gold prices have typically risen by an average of 40% year on…

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Nov 04, 2011

The Gold Rush in China

Chinese investors are turning to gold as a form of investment amid global economic and financial uncertainty. China now ranks second in terms of consumer demand for gold, behind India, based on latest available figures from the World Gold Council (WGC). Despite the high prices, Chinese demand for gold grew about 25 percent in Q2 compared to the same period last year and the growth is "likely to continue due to increasing levels of economic prosperity, high levels of inflation…

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Nov 02, 2011

Goldline Execs Charged With Being Fraudsters

Prosecutors in Santa Monica, CA have filed 19 criminal charges against the gold sellers Goldline International for allegedly running a "bait and switch operation" using prominent spokespeople like Fox News' Glenn Beck. Goldline was charged by the Santa Monica city attorney with counts that "include grand theft by false pretense, false advertising, conspiracy and elder abuse," according to the Santa Monica Daily Press.

A statement put out by the the consumer affairs division of the Santa Monica City Attorney's office…

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Nov 02, 2011

Bernanke Keeps QE3 In Fed Holster As Growth Firms Up

Ben Bernanke’s Federal Reserve said the U.S. economy picked up speed in the third quarter as temporary factors from earlier in 2011 faded, but more importantly the central bank’s statement at the close of a two-day meeting appeared to raise the hurdle for further monetary stimulus.

Read More - Forbes

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