Showing posts with label London. Show all posts
Showing posts with label London. Show all posts

Wednesday, October 28, 2009

Oh Honey, Pick Me up Some Gold...

This is an interesting story. Harrod's in London is now selling gold...Oh yeah, along with a new shirt I will take a 5 ounce bar of gold please...
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Tuesday, October 13, 2009

Gold Closes on Record High in London


Gold closed at $1064 per troy ounce in London. Once again the driving force behind the precious metal's surge was the falling dollar. The American greenback dropped against the euro, driving investors towards gold.

There really seems nothing steaming the tide of the falling US dollar. As the United States pushes toward larger deficit the push out of the dollar will likely continue. The key factor in this commodity bull market and falling dollar is the presence of Asia. Never before has there be an economic power challenging the United States like China. Because of China, the historical indicators of the past are nearly null and void as their economic growth has been stunning.