Just finished a great article on how Gold has really been a great hedge for inflation. When measured against the governments CPI numbers for the last 40 years, Gold has outperformed CPI by a factor of SIX.
Read the whole article in the next issue of Futures Truth magazine.
Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts
Wednesday, October 6, 2010
Monday, August 23, 2010
China Gold Buying
Interesting article on seeking alpha today about gold.
Martin Hutchinson claims that China usually holds 10% of its reserves in Gold. Currently they only hold 1.5% in the yellow metal. With current reserves at $2 trillion, China might be in the market to buy $85 billion worth of gold. This equates to over 67 million ounces.
CAN THAT BE RIGHT?
http://seekingalpha.com/article/221761-three-ways-to-profit-as-china-causes-gold-prices-to-spike?source=email
Martin Hutchinson claims that China usually holds 10% of its reserves in Gold. Currently they only hold 1.5% in the yellow metal. With current reserves at $2 trillion, China might be in the market to buy $85 billion worth of gold. This equates to over 67 million ounces.
CAN THAT BE RIGHT?
http://seekingalpha.com/article/221761-three-ways-to-profit-as-china-causes-gold-prices-to-spike?source=email
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