"The gold standard" The San Diego Union Tribune September 6, 2009 " 'Gold is one of the ultimate safety hedges for your money.' The U.S. Mint reports that sales this year of American Eagle gold coins topped three-quarters of a million through July, almost as many as all of last year. The mint twice suspended American Eagle sales last fall when it couldn't keep up with surging demand and soaring prices..."
"'Gold could be on the verge of a historical breakout. Watch that $990-1,000 area like a hawk.' [...] 'I think we are very close (7-10 months) to the beginning of a hyperinflationary spiral. ... If I am right ... there obviously is an exceptional opportunity to load up (i.e., a leveraged position) by buying gold.' [...] 'One of these days (and there's at least a 50% chance now is that time), gold will just keep rising.'"
MarketWatch May 1, 2009 "...China announced last week that it ramped up its gold reserves by 76% in the last six years.
After all, the world's largest producer of gold, which also happens to be the world's most populous nation and third-largest economy, must have a good reason for its purchases -- and quite a few experts said the move solidifies gold's place as a monetary asset, and shows that it's destined for a brighter future." more>
"...this year, Dubai's biggest shopping carnival has been dampened by the shortage of Gold Bullion coins, for which there is a big demand. 'People are coming and asking for coins,' says a manager for Joy Alukkas, a leading jeweler in the Gulf countries. 'But there is a terrible Gold-Coin Shortage. Many gold and jewelry shops in Dubai do not have enough stock.'..." more>
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