Thursday, June 27, 2013
Robert Kiyosaki : Make your Money on the Buy, not the Sell
Robert Kiyosaki : Make your money on the buy, not the sell; this is true in any investment whether it's real estate, business, or the stock market
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Gold price hammered to $1,277, at 33-month low: Next stop, $1,000?
By Vicky Kapur
Published Thursday, June 20, 2013
Gold prices got hammered on Thursday, sinking to $1,277 per troy ounce by 11.30pm UAE time, having come under massive seling pressure amid a bearish global sentiment. Precious metal bulls got mauled badly today as gold tanked by as much as 6.5 per cent, or $89 per troy ounce during the session.
The yellow metal is now down by $414 an ounce, or over 24 per cent, since hitting a 2013 high of $1,692/oz on January 22. This means that investors that bought into the precious metal in January this year have lost almost a quarter of their capital, with analysts expecting further agony for the gold bull in the days to come.
Spot gold price is now at a 33-month low, with these levels not seen since September 21, 2010. Investors will also remember that gold made its famous all-time high of $1,923/oz in September 2011, which means that the precious metal has shed a massive 33.5 per cent, or a third of its value, in less than two years (21 months).
A myriad of factors, including a very real possibility of the US Federal Reserve curtailing the quantitative easing program in the near future, an overbearing tax on gold consumption in India (world's largest gold consumer), and a strong dollar are all being cited as the reasons behind gold’s recent plunge.
http://www.emirates247.com/markets/gold-price-hammered-to-1-277-at-33-month-low-next-stop-1-000-2013-06-20-1.511234
Gerald Celente : PRISM just prep for something bigger
Gerald Celente, publisher of The Trends Journal, thinks that Snowden's revelations have given weight to what many have already long suspected
Subscribe to:
Posts (Atom)
