Vietnam Business News

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• Silver, gold prices should continue rising, Coeur d’Alene’s CEO says
• Central banks have bought a net 208.9 tonnes of gold so far in 2011
• The contrarian’s quandary vis-a-vis gold investment
• U.S.’s biggest investment names increase holdings in gold mining stocks
• SBV set up construction group of a scheme to stabilize gold market
• Proof Silver Eagle coins remained the only hot product to sell more numbers
• Gold and the Eurozone – what happens when the Euro fails?
• Gold rallies in Europe but still heading for weekly drop
• Vietnam gold steady at nearly 46m dong
• India gets its first gold and diamond studded jewels ATM

Silver, gold prices should continue rising, Coeur d’Alene’s CEO says Posted: 20 Nov 2011 12:43 AM PST The prices of silver and gold should continue rising as economic uncertainty persists, according to the chief executive of Coeur d’Alene Mines Corp (CDE.N: Quote, Profile,Research, Stock Buzz), the biggest U.S. silver miner. “As long as we see things like the EU (Euro zone currency turmoil) and as long as we run the kind of deficits here — [...]

Central banks have bought a net 208.9 tonnes of gold so far in 2011 Posted: 19 Nov 2011 11:40 PM PST The World Gold Council’s third-quarter demand report on Thursday showed central bank buying reached nearly 150 tonnes, far above most analysts’ estimates, but the buyers were not named. According to an analysis by Reuters of IMF data, previous buying patterns and delays in data reporting, the most obvious candidates are Chinaand India. Judging from the trend [...]

The contrarian’s quandary vis-a-vis gold investment Posted: 19 Nov 2011 10:38 PM PST What is the best way to hope you’ll make money investing? Berkshire Hathaway legend Warren Buffett reckons it’s “being right” – which is about as down-home as the “Sage of Omaha” could get. “Sitting tight” was the key for legendary “boy plunger” Jessie Livermore, whose personal depression drove him to suicide in 1940, apparently leaving [...]

U.S.’s biggest investment names increase holdings in gold mining stocks Posted: 19 Nov 2011 09:21 PM PST It appears that some of the U.S.’s biggest investment names have been increasing holdings in gold mining stocks and the biggest gold mining stock ETF, while they may have been liquidating bullion related investments.  This would appear to be in recognition that, as we have pointed out in these pages a number of times, that [...]

SBV set up construction group of a scheme to stabilize gold market Posted: 19 Nov 2011 08:10 PM PST The Governor State Bank (SBV) on November 17 issued Decision No. 2496/QD-NHNN about the establishment of the construction group of a scheme to stabilize the gold market. Accordingly, the head of the construction group of the scheme is Mr. Nguyen Quang Huy, Director of the Foreign Exchange Management Department under SBV; the members of this [...]

Proof Silver Eagle coins remained the only hot product to sell more numbers Posted: 19 Nov 2011 08:08 PM PST Proof Silver Eagle coins remained the only hot product to sell more numbers by the US Mint last week. In a report, the Mint said the 2011 Silver Proof Set is quickly closing in on a new milestone while demand gently tapered for the Uncirculated Silver Eagle. The Mint also revealed a slightly slower week [...]

Gold and the Eurozone – what happens when the Euro fails? Posted: 19 Nov 2011 07:42 PM PST Despite the apparent switch to Greek and Italian government by supposedly non-partisan technocrats, whatever they may be, the rifts in the Eurozone are increasing rather than improving.  How long can it be before the governments of some of the weaker countries decide to pull out for their own citizens’ good as possibly providing a more [...]

Gold rallies in Europe but still heading for weekly drop Posted: 19 Nov 2011 07:33 PM PST SPOT MARKET prices to buy gold regained some ground on Friday morning – following a sharp drop on Thursday, which saw a disappointing Spanish government bond auction and sustained losses on European and US stock markets. At one point on Thursday, gold prices fell 1.9% in just one hour – with several analysts suggesting investors ha to [...]

Vietnam gold steady at nearly 46m dong Posted: 19 Nov 2011 07:09 PM PST Vietnam gold traded steady after yesterday morning’s free fall to settle at nearly 46 million dong a tael (1.2 ounces) this morning Nov 19 as world gold inched up last night helped by a weaker dollar and buying after the prior session’s falls. Local dollar prices were still kept at 20,803 dong for 20 working [...]

India gets its first gold and diamond studded jewels ATM Posted: 19 Nov 2011 06:12 PM PST An ATM that dispenses gold, silver and twinkling diamonds has become the talk of the town in Mumbai. An Indian company has launched what it says is the world’s first machine that dispenses not just gold and silver coins but diamond studded jewellery too. Though gold vending machines have been popping up all over the [...]

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