Going for gold: Prices rise as investors pile into safe haven

Investors are going for gold as the Greek debt crisis has forced them to rush to safety en masse, pushing up its price to an all-time high.
Gold is one of the most popular asset classes for investors when markets start to dive, along with Government bonds.
And the chances of Greece reneging on its debts has thrown a shadow over the stability of most eurozone economies and investors have lost faith in Governments as a result.

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Feds launch criminal probe of alleged JPMorgan silver market manipulation

The Department of Justice and the Commodity Futures Trading Commission have launched parallel criminal and civil investigations of JP Morgan Chase and its trading activity in the silver market, the New York Post reported Sunday.
Quoting unidentified sources, the Post reported, "The probes are centering on whether or not JP Morgan, a derivatives holder in precious metals, acted improperly to depress the price of silver."
In an interview with the Post last month, Maguire said, "JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the U.S. dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the U.S. taxpayers."


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Gold soars as central banks hedge

In dollar terms, traditionally used to express the metal’s value, gold is only 2% from its record high of $1,226 per ounce, reached in December 2009.
Ian Williams, the manager of the Way Charteris Gold fund, expects gold to rise from $1,200 to $1,500 over the next six months. Within a year, he says, it could easily rise to $1,700.

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FIVE REASONS TO INVEST IN GOLD (and six ways to do it)

Gold provides safety and diversifies portfolios. Gold is a safe investment that protects against inflation and manages risk.

By Christian Personal Finance

I never quite understood how gold works as an investment, and how it might fit as a part of one’s portfolio. Sometimes I’ll hear statements such as, “Now’s a great time to buy gold!” Or I’ll read in investing books that you should have a small percentage of your portfolio invested in gold or precious metals. This article will explain how to invest in gold.

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Gold a Viable Alternative to Fiat Currencies, Despite Manipulation

One thing the Greek crisis has shown us is that gold is a viable alternative to currencies. In spite of all the manipulation by the US government and the consistent blatant attempts to suppress both gold and silver they come back time after time.

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European Debt Crisis Looms As Markets React To Greek Debt Woes

Greece Needs $60 BILLION By Mid-May...Germany Near Agreement On Aid... Simon Johnson: Large Parts Of Europe Are Now Like 'Emerging Markets' ... Roubini: 'Significant Risk' That EU Could Break Apart... Salmon: 'I've Never Seen Anything Like This'

Click on pic for full article

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GOLDMAN EXEC SAY'S WILL DEFEND HIMSELF

The executive director of Goldman Sachs denies the allegations that the US investment bank has misled its clients, vowing to defend himself against charges.

Appearing before the Senate Permanent Subcommittee on Investigations, Fabrice Tourre said on Tuesday that he dismissed the charges of fraud made by the regulators.

The Goldman Sachs' Executive Director Fabrice Tourre

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PRO-GOLD INVESTMENT ATTITUDE MAY RUN FOR YEARS - CPM

Reno, NV

CPM Groups's latest Gold Yearbook suggests gold has "solidified it's standing....as a premier and exceptional financial asset to provide protection against a host of financial, economic and political problems."

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GREEK CRISIS FEARS DEEPEN!

NEW YORK (CNNMONEY.COM) The yield on Greek bonds soared to record levels again, a day after Standard & Poor's slashed it's debt rating on the country to junk and amid reports that the IMF is considering loaning more money to the beleaguered country.



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