Source www.newsy.com :
The price of gold continued to climb to record highs Wednesday as the U.S. Federal Reserve said it would keep interest rates exceptionally low for an extended period of time.
The price makers are financial entities that are saying, 'We want to have gold as an insurance in our portfolio.' And I’ve found that gold can go up if you have any type of strong financial instability.”
The Financial Post took note of India’s surprise purchase of 200 metric tons of gold on Tuesday.
“...the increasing demand for gold as a hedge against the greenback was helping to set the stage for an alternative reserve currency or asset to the U.S. dollar, a proposal that has been trumpeted by countries such as China, France, India and Russia”
But BullionVault.com warns investors against jumping on the anti-U.S. dollar bandwagon.
“Rumors of the Dollar's imminent demise are likely to prove premature...[But] to a significant degree, gold is already behaving as though it is an international currency.”
The CBS affiliate in Sacramento takes the issue off Wall Street and on to Main Street where unemployment is driving people to search for gold.
“Well the price of gold has skyrocketed from about $750 an ounce a year ago to more than $1,000 today. So It’s no surprise that that’s led to a new California gold rush.”
So what do you think will happen to the price of gold with interest rates remaining low?
Friday, November 6, 2009
Launching your Start Up in the new Financial Market
Launching your Start Up in the new Financial Market
Rebecca Lynn [Principal, Morgenthaler Ventures]
Abstract:
The current downturn is a terrific time to start a new company. There are low opportunity costs, talent is easier to come by than it has been in years, and with the advent of cloud computing, it is cheaper and easier than ever. Additionally, public companies are cutting headcount and R&D. These same companies have record levels of cash on their books and will be well-poised for acquisitions when the economy recovers. Thus, the key is making it through the desert so that you can emerge on the other side.
Biography:
Rebecca joined Morgenthalers Menlo Park office in 2007, and she focuses on early-stage investments in mobile, internet services, digital media and financial services. Rebecca serves on the board of Lending Club, a peer to peer lending company that disintermediates banking institutions. Rebecca began her career at Procter and Gamble where she worked in international new product market entry. She then spent four years at NextCard where she led product development efforts and later served as the Vice President of Marketing where she managed one of the top five largest online marketing efforts. After NextCard, she ran her own consulting business focusing on online marketing for financial services and affiliate marketing.
During law school, she was a Summer Associate at Heller Ehrman/Venture Law Group and at Quinn Emanuel where she focused on intellectual property litigation. Rebecca is also an inventor on several issued patents. She was published in the Berkeley Law and Technology Journal, and she is a registered Patent Agent.
During business school, Rebecca chaired the Berkeley Business Plan Competition and was a member of New Venture Fellows. She earned a JD/MBA degree from the Haas School of Business and Boalt Hall School of Law at the University of California at Berkeley, and a B.S. in chemical engineering from the University of Missouri.
Tags:
CITRIS UCB Research Science Technology
Rebecca Lynn [Principal, Morgenthaler Ventures]
Abstract:
The current downturn is a terrific time to start a new company. There are low opportunity costs, talent is easier to come by than it has been in years, and with the advent of cloud computing, it is cheaper and easier than ever. Additionally, public companies are cutting headcount and R&D. These same companies have record levels of cash on their books and will be well-poised for acquisitions when the economy recovers. Thus, the key is making it through the desert so that you can emerge on the other side.
Biography:
Rebecca joined Morgenthalers Menlo Park office in 2007, and she focuses on early-stage investments in mobile, internet services, digital media and financial services. Rebecca serves on the board of Lending Club, a peer to peer lending company that disintermediates banking institutions. Rebecca began her career at Procter and Gamble where she worked in international new product market entry. She then spent four years at NextCard where she led product development efforts and later served as the Vice President of Marketing where she managed one of the top five largest online marketing efforts. After NextCard, she ran her own consulting business focusing on online marketing for financial services and affiliate marketing.
During law school, she was a Summer Associate at Heller Ehrman/Venture Law Group and at Quinn Emanuel where she focused on intellectual property litigation. Rebecca is also an inventor on several issued patents. She was published in the Berkeley Law and Technology Journal, and she is a registered Patent Agent.
During business school, Rebecca chaired the Berkeley Business Plan Competition and was a member of New Venture Fellows. She earned a JD/MBA degree from the Haas School of Business and Boalt Hall School of Law at the University of California at Berkeley, and a B.S. in chemical engineering from the University of Missouri.
Tags:
CITRIS UCB Research Science Technology
Wednesday, November 4, 2009
Bob Chapman Stocks Market Gold Politics H1N1
Bob Chapman on RBN 03 Nov 2009
Tags : Technical Analysis Charts Gold Stocks China Deflation Reflation Commodities Jim Willie Treasuries Dollar Energy Economy Marc Faber Japan Asia american armageddon CFR cnn crisis financial nwo peter rogers schiff silver wallstreet dow emini forex futures jones live nasdaq oscar trading with ron paul david tice lateline australia fiat amero new currency standard bretton woods zeitgeist addendum market crash bank collapse department depression derivitive economic endlessmountain fdic federal george4title great holiday house manoftruth mccain meltdown nuclear obama october palin reserve revolution senate treasury visionvictory youchooseaside Inflation Newsroom DTOM video,day traders,traders, swing traders,finance,investor,banks,market news, traders,investors,stock market,technical analysis,technical levels,oil, Gerald Celente Glenn Beck Dave Ramsey Chris Martenson Precious Metals Merrill Lynch Skarica GATA Bill Murphy CNBC Reports Barack Hyperinflation Najarian Adrian Douglas WallStreetCheatSheet Damien Hoffman Alternative Medical Puru Saxena, Energy, Natural Gas, Gold, Commodities, Guppy, alan alex bailout ben bernanke bob bullion chapman coin comex credit goldman greenspan herbert IMF jp keiser larouche lindsey LTCM maloney manipulation max michael morgan Moriarty rockefeller rothschild sachs stacy wearechange weimar williams Bear Bloomberg money Stearn economist estate housing mortgage real subprime builders euro home Investing Soros yen yuan box bubble. crunch foreign squawk angelpub buillion goldworld mccoach palladium platinum mining peak profit wealth commentary prices chinese Agoracom PaulvanEeden.com PDAC 2008 Cooper Das Krista recession todays S&P Capital capitalgoldgroup Food Shortage The commodties copper hommel jason lead nickel stockreport uranium zinc explore micro mine penny pink tedsaidit terbo Bundchen falling Gisele north union bearish nation bankers international fournerat investments l4anyrat lane lanevids bush clinton election hillary irs vote
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