Gold And The Eurozone Crisis

Government's and Central Banks around the world are actively pursuing gold as a means of collateral to settle debts. Are we on the road to a NEW Gold Standard? 

Become your own "Central Bank" with our U-Vault Account and eliminate any counter-party risk between you and your assets. Having REAL GOLD BULLION as a retirement asset is the best solution, especially since we offer better insurance than your bank deposit. Call now for more information on how to create your own "fully insured" gold vault.  BK

Video:   "Gold and the Eurozone Crisis."

Central Bank Gold Buying Doubles, While Global Demand Slows

www.zerohedge.com

Q2 Report: World Gold Council pdf

Accumulation of gold bullion from central banks was the bright spot in demand last quarter, as total demand fell 7% globally, which was driven by a 38% fall in consumer demand from India. 
Price sensitive Indians have been shunning gold and many have been opting for far cheaper poor man’s gold – silver. LINK...

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Where do you think the "smart money" is going?   BK

Gold's Long-Term Price Trend is Maintained During Q1 2012

World Gold Council Report
Q1 2012 saw the gold price rise 8.6% to reach US$1,662.50/oz on the London PM fix by quarter-end on 30 March (Chart 1). The average price for the quarter was marginally higher than Q4 2011 (+0.2%) and 22% higher on a year-over-year basis, as drivers of gold demand and supply continued to support its long-term trend. This performance was echoed in all major currencies. Local Japanese investors benefited the most as a weaker yen on investment outflows for foreign acquisition and a Bank of Japan commitment to quantitative easing saw gold rise 16.1% in local currency terms.   LINK...

Gold Demand Trends

Today the World Gold Council released their Q4 and full year 2011 data on the gold market.

"Global demand for gold in 2011 rose to 4,067.1 tonnes worth an estimated US$205.5 billion - the first time that global demand has exceeded US$200 billion and the highest tonnage level since 1997.
The main driver for this increase was the investment sector where annual demand was 1,640.7 tonnes up 5% on the previous record set in 2010 and with a value of US$82.9billion.
The pre-eminent markets for investment demand in 2011 were India, China and Europe. Central bank continued the trend established in 2010 of being net buyers of gold."
Managing Director Marcus Grubb says,"What is certain is the long-term fundamentals for gold remain strong, with a diverse and growing demand base, coupled with constrained supply side activity." 


There you have it folks, nothing has changed. The fundamentals are the same and the trend is in tact. We're headed to $3,000 and beyond.  BK

Central Banks Make Biggest Gold Buy In Decades

Jack FarchY

London— Financial Times

Published Thursday, Nov. 17, 2011 7:08AM EST

Last updated Thursday, Nov. 17, 2011 9:48AM EST

The activity of central banks is one of the most important drivers of the gold market, but many banks disclose few details about the changes in their bullion reserves.

Central banks became net buyers of gold last year after two decades of heavy selling - a reversal that has helped propel the price of bullion to a high of $1,920.30 (U.S.) a troy ounce in September, up 600 per cent in a decade.

This year, led by emerging market central banks intent on diversifying their growing foreign exchange reserves, they are set to buy more gold than at any time since the collapse of the Bretton Woods system 40 years ago, the last time the value of the dollar was linked to gold.  LINK...
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