Skip to comments.PRECIOUS-Gold Rises for seventh day after Fed stimulus surprise
Posted on 08/23/2012 3:32:16 AM PDT by Son House
The minutes of the Federal Open Market Committee's meeting at the end of July showed on Wednesday the central bank is likely to deliver another round of stimulus "fairly soon" and that any such decision would be highly dependent on economic data.
Analysts said that while the signal that additional stimulus for the U.S. economy was positive for gold in the near term, the most recent read on key indicators such as consumer spending, manufacturing or jobs growth since the Fed's last meeting pointed to a more robust phase of economic growth and as such, gold's gains could be limited.
"The market should be a bit cautious here and not run too far ahead of itself because we have seen economic data pick up and improve since that last meeting," Saxo Bank senior manager Ole Hansen said.
A rise in the euro helped improve demand for gold, ahead of meetings between Greek Prime Minister Antonis Samaras and other European leaders as Athens seeks more time to meet its bailout commitments.
CENTRAL BANK EXPECTATIONS
Expectations are also running high for some sort of support from the European Central Bank for the more indebted members of the euro zone, such as Spain and Italy, which have seen their borrowing costs on the capital markets to around their highest since the launch of the euro in 1999.
Central bank sources told Reuters the ECB is considering setting a yield target on purchases under a new bond buying programme, without making the levels public.
(Excerpt) Read more at in.reuters.com ...
I’d like to know what data they’re looking at that shows improvement.
There is a new way of looking at investments and that printing money is a good thing because it will drive up stocks over 100%, according to some information in economic forums. Gold may go up 2-4 times depending on QEIII. If a QEIII, Gold may lose its luster but until the stimulus to save Obama and Merkle (Germany), Gold should do well.
Oil is at 97.00 Bye Obama
Silver’s risen 13% since the last time I checked a few weeks ago.
Didn’t Soros just make a huge investment in gold? Instant profit.....insider information maybe?
I presume it was doing gang busters.
Unless adjusted for real inflation, all increases are actually a negative because of taxes.
Inflation might give you a 100% return in dollars, but the government is going to treat that as real return and not just inflation.
I read an article the other day that Soros has been buying millions upon millions of dollars of gold in the past few months. Dumping stocks and paper money for it. He knows something is coming that we don’t. Of course, they plan all this, so they know what is coming. An economic melt down here, means riots in the streets, means martial law, means military and Obama talking over all the government and Obama in charge of all walks of life. Then he suspends the Constitution, thus suspends our rights to arm ourselves. The One World Government is coming and you’d better believe it is or you are going to pay. The Bible has predicted this mess right down to the issue. And it is here, live and in color.
The decision will be more dependent on the election...
They are worried that the balloons might burst before the election. If they can keep the balloons up in the air until after the election, they they can relax.
The are waiting to see who wins.
If Romney wins, then it will be his fault.
If baraq steals the election, they will not utter a peep.
business as usual.
Of course, Soros buying up millions in gold can’t be related. Move along. Nothing to see.
about 44% of Soros holdings is in gold and China continues to buy gold like there’s no tomorrrow...maybe not a good way to phrase it
Silver up over a buck. Broke through $30 overnight.
Do sterling silver serving platters and gravy bowls have any value as far as silver content?
I have a bunch of these things from when my parents died and all they do is sit in the china cabinet and tarnish. I don't use these things and rather than have to pull them out every 6 months or so and polish them, I figured I'd just sell them.
It would be easy to get taken advantage of.
I’d do some major research, get some weights, and silver content percentage. Make sure you’re getting near “spot” for the melt value - you won’t get it because that value is idealized - but something near it.
I’m not sure. Is sterling silver plated? Silver plated stuff I don’t think has much true silver at all.
I would check to see if there are any watermark stamps on the bottom and if there is check the manufacturers website.
It might be made by Paul Revere or something and be worth a fortune! (he was a silversmith)
They can be very valuable not just for the silver content but for peoplr looking to expand and match sets and patterns
Talk to a local jeweler or silversmith about an appraisal, it might shock you into getting an insurance floater
Rather than outright sale, sometimes there are family members who would treasure these items, they can make wonderful wedding gifts, baby gifts, graduation gifts, etc
yes but only if they are sterling or a solid silver alloy
like say 800 fine etc , sterling is 925 fine , basically 92.5% silver ... there is a lot of silver plate out there which has little to no silver value , if the items are marked with halmarks , or little stamps you can decode that here at
925-1000.com , if the items have english words stamped on them
then the word sterling will be there if it is solid and not plated , the price per ounce here is about 80% of pure silver for sterling. I hope this helps p.s. numbers between 800 and 950 are generally a purity indication : 925 = sterling