Thursday, December 29, 2011

Vietnam Business News

Vietnam Business News


You should safely put your money in Silver jewelleries, experts say

Posted: 29 Dec 2011 01:00 AM PST

Silver is regarded as the best investments you can possibly get deeply into. According to experts, you can safely put your money in Silver jewelleries. It is continuously rising just like gold. People often see this type of investment as something to depend on in times of monetary difficulties. Lots of individuals opt for silver and Gold to secure [...]


Platinum, a better deal than gold

Posted: 29 Dec 2011 12:50 AM PST

The current spot price of platinum is $1425, roughly 25% lower than it was four months ago at $1901. Gold, in contrast, has only declined 15%, from $1900 to $1607. At the current prices, an ounce of platinum can be bought for cheaper than an ounce of gold, a very rare occurrence. The current spot [...]


U.S. gold lost 0.4 percent to $1,557.50 on Thursday

Posted: 29 Dec 2011 12:34 AM PST

Gold wallowed near a three-month low on Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day. The dollar index .DXY traded steady after surging in the previous session, as investors grew increasingly nervous over a key Italian bond auction scheduled on Thursday [...]


The gold-to-silver ratio and $200 silver

Posted: 29 Dec 2011 12:00 AM PST

Throughout history, the gold-to-silver price (GLD, SGOL, SLV, PSLV) ratio has tended to revert to some long run average. Precisely what this long run average should be has been a matter of debate for centuries. Some suggest that the natural gold-to-silver ratio is around 10-15, based on the relative physical scarcity of gold relative to silver. This ratio [...]


Indian gold futures likely to extend the previous session’s losses on Thursday morning

Posted: 28 Dec 2011 11:48 PM PST

Indian gold futures are likely to extend the previous session’s losses on Thursday morning, in line with a fall in the world market, which fell to a three month low, analysts said. The most-active gold for February delivery on the Multi Commodity Exchange (MCX) ended 1.34% lower at 27,281 rupees per 10 grams on Wednesday. A weak rupee [...]


Spot gold edged down 0.3 percent to $1,550.90 an ounce

Posted: 28 Dec 2011 11:45 PM PST

Gold wallowed near a three-month low on Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day. The dollar index .DXY traded steady after surging in the previous session, as investors grew increasingly nervous over a key Italian bond auction scheduled on Thursday [...]


Why gold is the world’s No. 2 reserve asset?

Posted: 28 Dec 2011 11:05 PM PST

Dennis Gartman is the man behind The Gartman Letter, a daily newsletter, thinks Gold is becoming the world's No. 2 reserve asset, that OPEC will outlast the euro, but that ultimately, nothing is more important than agriculture. In this interview Gartman also discussing about global capital markets. Hard Assets Investor: Let's get right to the meat of [...]


Gold fundamentals hold, time to make strategic allocation

Posted: 28 Dec 2011 11:00 PM PST

As 2011 draws to a close, it is easy to say that the year has seen its share of ups and downs. This is mainly because of the high volatility in the markets, in reaction to the daily pressures on the world stage. We witnessed one of the most dramatic price increases in Gold followed by a [...]


Gold fell 2 percent to a three-month low, Silver tumbled more than 5 percent

Posted: 28 Dec 2011 11:00 PM PST

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity markets triggered a technical sell-off of the precious metal. Bullion has declined for three straight days, on track for its smallest yearly gain in three [...]


Gold at US$2,000 still seen as a possibility

Posted: 28 Dec 2011 10:57 PM PST

While US$2,000 gold seems a way off from current levels of around $1,600 an ounce, the majority of gold miners see the precious metal hitting that key level sometime next year. A new PricewaterhouseCoopers (PwC) survey says 80% of gold mining executives expect the price of gold to continue to increase in 2012 with only [...]


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