The Irish National Treasury Management Agency, which is is responsible for the nation’s sovereign debt, put a brave face on things. They pointed out that Moody’s now rates the country’s bonds as “stable” rather “than negative, possibly indicating that Ireland will hold the Aa2 rating for a while.
(more…)

One path to golden riches, the magazine found, was the most old-fashioned - prospecting for gold in streams and other potentially gold-rich locations. The Gold Prospectors Association of American, based in Temecula, California, says that its membership jumed 93 percent in 2008, with more than 62,000 members around the country.

(more…)

For instance, figures for U.S. growth in the second half of 2010 will now likely trend downwards, as Americans send their earnings abroad.

On the other hand, foreign economies will be glad to see the U.S. picking up its old mantle of consumerism, which many feared had entered a permanently decreasing stage.

(more…)

This was the fifth gain in as many months, said ADP, but far below the projected level of 60,000 jobs. Figures like this stoke fears of either a jobless recovery or a double-dip recession.

(more…)

The current fiscal debacle in some European Union countries has led to the inevitable speculation over whether the euro currency will exist years from now.

This is because rising deficits across the continent have led to a higher chance that a country could default on its debt obligations, resulting in a wave of financial losses for banks across the continent that hold these bonds.

(more…)

The Superior Gold Group has announced that it has renewed its advertising support of the Fox News Network, despite recent attacks from “Anti-Glenn Beck Liberal Activist Groups.”

United States of America

August 27, 2009 — Earlier today, the Superior Gold Group announced that it has renewed its advertising support of the Fox News Network, despite recent attacks from “Anti-Glen Beck Liberal Activist Groups.” The Superior Gold Group is a Precious Metals Dealers based out of Santa Monica, California. Their expertise encompasses over two decades of experience in selling precious metals to the national market; the company prides itself on great service and being an industry leader in Gold IRA Rollovers.

Superior has recently discovered that they, along with other companies, have been the subject of liberal activist attempts to sully their good name and reputation with unwarranted attacks. In the past five weeks these radicals have blasted several thousand emails, written anonymous reputation attacks and posted negative blog postings. These negative attacks have materialized in the form of false Rip Off Reports, harassing phone calls during business hours and attempts to attack their outstanding rating with the Better Business Bureau.

As stated by President Bruce Sands

“We strive to bring innovative services such as the Gold Affiliate Program, Gold Backed IRA’s, and the Accession Slate Program to the marketplace allowing customers and financial brokers ground-breaking ways to involve themselves in the protection offered by precious metals. There have been several recent attacks on our advertising campaigns purely because of their placement on the Fox News Channels. As a progressive company we represent Americans from all sides of the political spectrum and continue to seek the best ways to market our products and services to our core precious metal buying audience. The attacks have been highly disruptive and we are aggressively pursuing legal action against the actors.“

Superior Gold Group would like to make it clear that it will continue to advertise with the Fox News Channel; in addition they will continue to support the shows of Sean Hannity, Glenn Beck and Bill O’Reilly. However they want to make it clear they do not necessarily agree or disagree with the views represented by the commentators mentioned above. Additionally Superior would like to state that while their core consumer tends to be fiscally conservative in their views, the Superior Gold Group respects all perspective opinions. Unless it is a political commentary on Superior Gold Group’s website, any other assertions should be considered hearsay.
Superior Gold Group is actively investigating all of the harassment. They are keeping records of all cases as they work with the authorities to stop the undesired attacks on their business.

In addition, the Superior Gold Group is announcing a Limited Time Offer that they will give away a free silver coin with every purchase over $2,500 by a new client. All they have to do is mention that they were directed to call by a commercial advertisement on the Fox News Network through the month of September.

Buy Gold Coins today! “Start building wealth you can touch, with people you can trust.”

Contact:
Superior Gold Group
Office: 888.969.6465

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By Bei Hu

June 19 (Bloomberg) — Gold prices may rise to $5,000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management Ltd., which oversees $277 billion of assets globally.

“You could easily see for the next several years that prices rise not to $1,000 an ounce, but prices rise to $5,000 an ounce or beyond as inflation psychology becomes more and more embedded and people become desperate to have a source of value,” said Christopher Wyke, London-based emerging market debt and commodities product manager at Schroder, which oversees about $10 billion of commodity assets.

Investors are turning to gold for protection as two-thirds of the world’s population cope with inflation rates that are climbing to more than 10 percent, Wyke said. Cash and inflation- linked bonds are poor substitutes as low interest rates, coupled with surging inflation, erode the real value of assets, he said. Call Superior Gold Group today and learn how to Build Wealth you can touch with People you can trust at 888-969-6465.

Bullion for immediate delivery was down 0.2 percent at $892.48 an ounce at 9:57 a.m. in Singapore, after gaining 3 percent in the past four days. Wyke didn’t give a time frame for his gold prediction.

Demand for gold will also rise as central banks become net buyers for the first time in 20 years, driven by developing countries, he added. Last year, world production of gold sank to the lowest since 1937 as reserves are depleted and few new sources of gold have been found.

New Fund

Wyke was speaking at a press conference in Hong Kong today to market the Schroder Alternative Solutions Gold and Metals Fund, the first commodity fund authorized for sale to individuals in the city that invests primarily in derivatives, including futures, warrants, swaps and options. Robert Howell and Paula Bujia will manage the fund.

Gold may account for about 40 percent of the fund’s assets, based on a “model” fund used to simulate returns, said Wyke. The fund would also buy securities linked to metals including aluminum, copper, iron ore, zinc and uranium.

The limited amount of gold available, relative to the size of the global capital markets, means a small shift in investments may lead to significant price changes for the metal, Wyke said. Total gold above ground is worth about $4.8 trillion, compared with global stock and bond markets worth $135.2 trillion.

UBS AG, Hang Seng Bank Ltd., KBC Groep NV and Lehman Brothers Holdings Inc. are among firms that manage commodity funds in the city, according to the Hong Kong Securities and Futures Commission. Bank of East Asia Ltd. in February started a fund that buys shares of companies that produce materials and energy.

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

So what happens when you don’t get enough street cred - even with a Porsche 911 (996) Cabriolet? Well, you could go and buy a more expensive car like a Porsche Carrera GT for example, or you could opt for the Midas touch. Just like the owner of this Porsche 911 Cabriolet in Russia who meticulously covered his entire car with gold plates -more than 40 pounds or 18kg of gold to be exact. An atrocity to say the least.

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