Vietnam Business News

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• Silver price will go above $50/oz in 2012, David Morgan says
• A shot at silver investment will certainly pay off
• Gold prices may climb to $2000 levels in the first half of 2012 – Jeff Nichols
• Chinese still buying gold big time -huge imports in October
• Gold production may increase by upto three percent from 2013 onwards
• Money market funds swell as investors dump gold
• Gold prices recovered moderately after seven session fall
• Gold: How to invest safely in this financial crisis?
• Silver demand growing with old and new uses
• Top 10 biggest silver mines in the world

Silver price will go above $50/oz in 2012, David Morgan says Posted: 18 Dec 2011 01:34 AM PST David Morgan, publisher of Silver Investor, still believes silver price will go above $50/oz in 2012. He forecast $65–75/oz silver by the end of 2012. in this exclusive interview Morgan talks about the tenets he lives by when investing in mining companies, be they small-cap or midtier or billion dollar companies. Companies Mentioned: 49 NORTH RESOURCES INC. – [...]

A shot at silver investment will certainly pay off Posted: 18 Dec 2011 01:19 AM PST The Silver market is not trending as expected but surely it’s not in the doldrums either. The silver prices are hovering around a rather steep range of $32-36 a ounce to $50 a ounce. But according to experts, the demand for silver will continue to grow as industries ask for added ounce of the metal for medicinal [...]

Gold prices may climb to $2000 levels in the first half of 2012 – Jeff Nichols Posted: 18 Dec 2011 01:00 AM PST Gold prices may climb to $2000 levels in the first half of 2012 and in the long lasting bull market, the yellow metal is expected to ride higher to $3000, $4000, $5000 in due course, according to Jeff Nichols, renowned precious metals economist and Managing Director of American Precious Metals Advisors. He told the China Gold [...]

Chinese still buying gold big time -huge imports in October Posted: 18 Dec 2011 01:00 AM PST Chinese gold imports through Hong Kong, the main route for gold to reach mainland China, hit yet another new record in October according to Hong Kong government statistics.  The October total was 85.7 tonnes – 50% up on the September figure which was itself a new record and a massive 40 times higher than imports [...]

Gold production may increase by upto three percent from 2013 onwards Posted: 18 Dec 2011 12:00 AM PST Existing gold rally might not increase gold production this year as the yearly average is likely to remain near 2500 tons, Analysts said. However if the price rally continued this year, gold production may increase by upto three percent from 2013 onwards, they added. The World Gold Council in its latest report also said high [...]

Money market funds swell as investors dump gold Posted: 17 Dec 2011 11:03 PM PST One explanation for gold's nearly 5% dive on Wednesday is that money managers are cashing out of gold and shifting into money-market funds, where yields are zilch and performance is flat, but the chances of getting taken to the cleaners are slim. After all, although gold  ran up as much as 33% this year, toying with [...]

Gold prices recovered moderately after seven session fall Posted: 17 Dec 2011 09:24 PM PST Gold prices recovered moderately after seven session fall at the bullion market here on Saturday on fresh buying by stockists as well as jewellers at lower levels fuelled by gains in the overseas market. Silver moved up further on stray demand amidst industrial offtake. Standard gold of 99.5 per cent purity rose Rs 185 to end at Rs 27,440 [...]

Gold: How to invest safely in this financial crisis? Posted: 17 Dec 2011 08:15 PM PST Investors who prefer to own physical Gold that they can see and touch have multiple ways to achieve that comfort level. But when stacking up the choices, bullion appears to have the edge over coins for investors who also think about selling as much as acquiring. "Everyone should keep a little physical at hand," said [...]

Silver demand growing with old and new uses Posted: 17 Dec 2011 02:00 AM PST News reports on the internet covering both the gold market as well as the wider economy have taken tones that verge on the hysterical and even inflammatory. The quiet reasoned argument perhaps doesn’t cut it in that environment. The sharp fall in gold prices (always an emotive topic for some) has clearly encouraged exaggerated rhetorical [...]

Top 10 biggest silver mines in the world Posted: 17 Dec 2011 02:00 AM PST Here is a list of the 10 biggest silver-producing mines in the world, based on available data. There are differences of opinion about some of the rankings and some of the production figures. Such differences of opinion stem from how miners report production (some report pure silver production while others report silver equivalent production), whether production [...]

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