-- Posted Friday, 7 September 2012 | | Disqus

The price of gold jumped to $1,733 and silver to $33.50 an ounce on news of worse than expected US job figures. The US economy added 96,000 workers last month following a revised 141,000 rise in July that was smaller than initially estimated.

This is thought to increase the probability of the Fed chairman launching another round of money printing or QE3 next week to boost the economy.

ECB money printing

Meanwhile a statement from the Bundesbank on the ECB’s new bond program commented that it was ‘tantamount to printing bank notes’, confirming the assumption that the German central bank was the only vote against the scheme announced yesterday.

Precious metals are the investment class of choice as the central banks turn on their electronic printing presses as their supply cannot be similarly inflated. They are also increasingly big buyers of gold and that also helps to push the price up. It’s a double whammy.

Silver is in shorter supply than gold and the total market size is tiny so it reacts more to the upside and downside in terms of price. ArabianMoney thinks this will be a great month for precious metals and our investment newsletter’s ideas for boosting returns on silver this month are working very well.

For September only we are sending a free copy out to anybody interested in subscribing (email: circulation@arabianmoney.net). Next month we will move on to the next stage of this strategy.

-- Posted Friday, 7 September 2012 | Digg This Article

About Peter Cooper:
Oxford University educated financial journalist Peter Cooper found himself made redundant by Emap plc in London in the mid-1990s and decided to rebuild his career in Dubai as launch editor of the pioneering magazine Gulf Business. He returned briefly to London in 1999 to complete his first book, a history of the Bovis construction group.

Then in 2000 he went back to Dubai to become an Internet entrepreneur, just as the dot-com market crashed. But he stumbled across the opportunity to become a partner in www.ameinfo.com, which later became the Middle East's leading English language business news website.

Over the course of the next seven years he had a ringside seat as editor-in-chief writing about the remarkable transformation of Dubai into a global business and financial hub city. At the same time www.ameinfo.com prospered and was sold in 2006 to Emap plc for $27 million, completing the career circle back to where it began a decade earlier.

He remains a lively commentator and columnist as a freelance journalist based in Dubai and travels extensively each summer with his wife Svetlana. His financial blog www.arabianmoney.net is attracting increasing attention with its focus on investment in gold and silver as a means of prospering during a time of great consumer price inflation and asset price deflation.

Order my book online from this link

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