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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Will competition between gold & dollar ever end?

Over the last few days, there has been a steady complementing studied between the gradual decline of Dollar and the correction of Gold rates. There has always been a debate regarding the inherent value of the two. The dollar has always been traded, compared and exchanged for and against Gold.

Gold is the evergreen king of the precious metal commodity and its trading has revered over changing streams of different eras. Since the abolishment of Bretton Woods System of IMF in 1971, Gold has been replaced with Dollar; due to this replacement many further effects has been triggered, adjustments and movements have been drawn, that reciprocate between the two.


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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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