Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.
We released our latest short video update in which we explored whether the global property bubble was beginning to burst?
Positive developments in the gold market included a surge in demand for gold and silver bullion coins ‘Down Under’ with our friends at the Perth Mint of Western Australia (we have been an Approved Dealer since 2005). As the Aussie property bubble continues to burst, risk-averse investors are accumulating physical gold and silver as hedges and insurance.
Another important development was an EU central bank buying gold for the first time since 1998. Poland’s central bank added to its gold reserves in August, buying more than seven tons of gold, which followed its purchase of two tons in July.
The prudent are advocating reducing allocations to overvalued risk assets – especially bonds. We featured an excellent article by Money Week editor John Stepek in which he made the case for owning equities and gold, rather than bonds.
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.