Bob Chapman on Discount Gold and Silver Trading Jan 10 2011
Tuesday, January 11, 2011
Gold Will Double in 5 Years, Frank Holmes says
Frank Holmes says gold "gets too much attention" and notes it performed "in the bottom half" of all commodities last year, when it rose 30% but still badly trailed other metals such as silver and palladium. "The love trade is taking off in emerging countries, particularly China and India, where gold is giving for weddings, for birthdays [and] for any type of religious holiday," Holmes says. "Many people buy gold out of fear but the most important buyers of gold in the world today are buying gold for love."
Australian Flooding Disrupts Coal Shipments
The devasting Australian floods have disrupted Queensland mining production and shipments. It is expected to take up to a month to restore normal operations.
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