Newcrest says outlook for gold remains positive Oct 29, 2009
"While demand for gold as a store of value has strengthened during the recent global uncertainties demand for jewellery has been relatively flat. "Against that backdrop world gold production has also continued to decline and is expected to do so in the foreseeable future. " The spot price of gold is currently trading around $US1029.75 an ounce. Meanwhile, the price of copper has improved after demand fell in line with the global economic downturn. "But (it) has now resumed a generally positive... (Sydney Morning Herald -- Business)
Yuan gaining currencybeyond China's borders Oct 29, 2009
According to experts, the increased regional use of the yuan for "invoicing, transaction and settlement purposes" could enhance its use as a "store of value". The global financial crisis has prompted Beijing to hedge the weakening US dollar by encouraging the regionalization of the. (Asia Times Online)
Gold softens as dollar rebounds from lows Oct 23, 2009
A sharp fall in risk appetite, as seen in the first quarter of 2009, tends to lift gold, which is often seen as a safe store of value. But lower risk aversion has mainly benefited the dollar at gold's expense. (Business Report, South Africa)
Weak dollar raises talk of alternative world currency Oct 22, 2009
It, too, has a continental-size economy behind it, and a decade after its introduction, the European currency has established itself as a fully convertible, stable store of value. But for all its attractions, the euro lacks some essential attributes. (USA Today -- Money)
Rich offering: Oct 16, 2009
Investment in gold coins and bars rose sharply in late 2008 and early this year as the financial crisis boosted the appeal of physical gold as a safe store of value for consumers. According to the World Gold Council, worldwide net retail investment in gold, which includes coin and bar buying, rose 22 percent in the first half of 2009 from the same period of the previous year to 301 tonnes. (Sydney Morning Herald -- Business)
Great expectations Oct 15, 2009
The dollar fulfills two roles: firstly, it is a unit of measure, or pricing reference - a "value standard"; secondly, it is a store of value, or unit of currency - a unit redeemable for value ... Most proposals follow John Maynard Keynes' suggestion in 1944 at Bretton Woods of a global issuing authority, such as the International Monetary Fund - which would issue a new IOU credit object he called a "bancor", which would serve both as a unit of measure and as a currency store of value that is... (Asia Times Online)
Marcial: The Gleam in Barrick Gold Oct 14, 2009
"This [rising price of gold] isn't a temporary situation, as we believe gold will stay above $1,000 an ounce for a long while because of the depressed dollar and global investors rushing to buy gold as a store of value and a hedge against inflation," says Arnold Schmeidler, president of investment management firm. He figures there will be "catch-up value" in Barrick's stock when the company's operating margins start to widen as a result of the hike in gold prices. (BusinessWeek)
Lihir Gold's Hood Says Metal Price May Rise to $1,500 on Demand From China Oct 11, 2009
70 an ounce this week as the slump in the U.S. dollar boosted demand for the metal as a store of value and central banks increased their percentage of gold reserves. Investor has tipped a price of more than $2,000 in the next decade. (Bloomberg -- Australia & New Zealand)
Newmont Might Consider Preparing Bid for Newcrest, Financial Review Says Oct 11, 2009
Gold yesterday surged to a record for a third straight day as the dollars slump boosted demand for the metal as a store of value. Gold reached $1,062. (Bloomberg -- Australia & New Zealand)
Gold at Record to `Ruin' Festive Jewelry Demand in India, Top Maker Says Oct 7, 2009
78 an ounce yesterday amid speculation that currencies will weaken, spurring inflation and boosting the appeal of bullion as a store of value. It was at $1,042. (Bloomberg -- Asia)
Will the world ditch the US dollar? Oct 7, 2009
Gold also wins support from fears about higher inflation because the metal is widely regarded by investors as a safe store of value. In late New York trade, the dollar stood at 1. (India Times)
Gold price hits record high on report to ditch dollar Oct 7, 2009
Gold also wins support from fears about higher inflation because the metal is widely regarded by investors as a safe store of value. Precious metals consultancy GFMS last month warned that the current upward trend in gold may not be sustainable should global stimulus packages fail to boost flagging demand in the battered world economy and inflation fall as a result. (Yahoo! Asia News)
Granddad, Investment Banking Is Dirty, Dangerous Sep 24, 2009
When China took control of all global financial activities, the world decided to go back to something called the gold standard, which meant paper money, like the dollar bill in that hologram, became a true store of value, rather than a confidence trick. . (Bloomberg -- Columnists)
Will the ringgit be drawn into the field of the yuan? Sep 22, 2009
And going by developments, a multi-polar currency regime, on the road towards a more stable store of value, will be a good thing, not only for the country but the world. Low is an intern at the Institute of Strategic and International Studies (ISIS) Malaysia and Wong is ISIS Malaysias assistant director general responsible for economic policy studies. (The Star Online, Malaysia -- Business)
Chinese Pig Farmers Treat Copper Like Gold Sep 18, 2009
People who have nothing at all to do with the copper trade have been buying copper as a store of value, much like they would with gold, Jiang Mingjun, an analyst at Shanghai Oriental Futures, told Bloomberg. Chinese private investors also hold as much as 20,000 tons of nickel, Goldwyn wrote. (Newsmax)
Pig-Farmer Investors in China Stockpile 50,000 Tons of Copper, Sucden Says Sep 17, 2009
People who have nothing at all to do with the copper trade have been buying copper as a store of value, much like they would with gold, said , an analyst at Shanghai Oriental Futures Co.. Copper on the London Metal Exchange has more than doubled this year as Chinas 4 trillion yuan ($586 billion) stimulus plan and record $1. (Bloomberg)
How China's Yuan Can Become a Global Currency Sep 16, 2009
To gain international stature, there must be strong demand by world traders, investors, and central bankers for the currency as a medium of exchange for foreign trade settlement, a unit of account for denominating international financial transactions, and a store of value for central banks' foreign exchange reserves. Economists generally agree there are three pillars for the internationalization of a currency: the size of the country's economy and its trade volume; the breadth, depth, and... (BusinessWeek)
Concerns over a bubble in Asian real estate sector Sep 12, 2009
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U.N. Wants Global Currency to Replace Dollar Sep 10, 2009
Wednesday, September 9, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
New world monetary system inevitable Sep 9, 2009
The domino effect is straightforward: Higher deficits spark market concerns over future inflation; concerns of inflation contribute to a weaker dollar; and both come together to undermine the greenback s role as a reliable store of value around the world. Right now, with so much unused capacity in the American economy and so much unemployment likely to persist for at least another year or two the more pressing worry is deflation (a general decrease in prices), not inflation. (Atlanta Journal-Constitution -- Opinion)
China alarmed by US money printing... Sep 8, 2009
" It's bizarre, it's mystifying, and publications like The Telegraph would do their readers a great favor if they would present the other side of the coin. B.Karn PhD, Economics M.Karn on September 07, 2009 at 10:07 PM What the article fails to point out is that a certain faction of American's are alarmed by the fed's monetary easing policies. The faction with brains. LOL dan the yank on September 07, 2009 at 10:07 PM The Fed has no choices left.If they dont print,then its a classic deflationary... (The Drudge Report)
Stocks Extend Losses In Lighter Trade Sep 4, 2009
Wherever you are, it's a recognized store of value. But the best-rated gold stocks have been fumbling. (Investors Business Daily)
Canadian Dollar Gains as Oil, Stocks Climb on Outlook for Economic Rebound Aug 23, 2009
The , which IntercontinentalExchange Inc. uses to track the U.S. currency against the loonie, the euro and four other currencies, dropped to the lowest level since Aug. 6 yesterday as Nobel Prize-winning economist said the greenbacks role as a good store of value is questionable. . (Bloomberg -- Canada)
Canadian Currency Touches Strongest Level in 2 Weeks as Stocks, Oil Rally Aug 22, 2009
The , which IntercontinentalExchange Inc. uses to track the U.S. currency against the loonie, the euro and four other currencies, declined for a fourth day as Nobel Prize- winning economist said at a conference in Bangkok the greenbacks role as a good store of value is questionable. . (Bloomberg -- Canada)
A blessing in disguise Aug 22, 2009
Ennik says that while the uncompromising reticence of banks to advance mortgage finance may well be bitter medicine for aspirant homeowners right now and in the immediate future, it heralds a return to the days when a house was a true store of value for its owner. "Put another way, the days of 100 percent mortgages are all but gone," he says. (iAfrica.com)
Yen, Dollar Decline as Home Sales Surge, Bernanke Says Recession Ending Aug 22, 2009
The dollars role as a good store of value is questionable and the currency has a high degree of risk, said Nobel Prize-winning economist. There is a need for a global reserve system, Stiglitz, a Columbia University economics professor, said at a conference in Bangkok yesterday. (Bloomberg -- Asia)
Pimco: Dollar Will Lose Reserve Status Aug 21, 2009
We are clearly seeing a loss of status for the U.S. dollar as a store of value even in the absence of a single viable alternative, Pimco Managing Director Curtis Mewbourne says in a report. In combination with other factors, that likely means a continuing devaluing of the U.S. dollars versus other currencies, especially the EM currencies. (Newsmax)
Integrity deficit has its price Aug 20, 2009
A controversy exists relating to whether money is a commodity, a medium of exchange, a store of value or a unit of deferred payment with something of specific prescribed value. The fact is that money can be all of the above mentioned, but in varying degrees, depending of the legal-political regime. (Asia Times Online)
Why the dollar is toast Aug 5, 2009
Doubts are starting to emerge as to whether the United States is a financial safe-haven and whether the dollar will continue to have the most important attribute of a reserve currency that it be a stable store of value ... Since the sub-prime crisis broke in July 2007, the role of gold as a store of value has become increasingly prominent, with its dollar price rising from US$660 to US$980 at a time when almost all other commodity prices have declined significantly ... Doubts are starting to... (iAfrica.com)
Time to include metals in portfolio Aug 2, 2009
Gold, for example, is known to have been a store of value for over 2,000 years. You can invest in these metals through tangible coins or bars, mutual funds, exchange-traded funds, or through commodity futures. (India Times)
Gold shines as dollar's days as lynchpin currency wane Jul 28, 2009
Doubts have emerged as to whether the US is a financial safe haven and whether the dollar will maintain the most important attribute of a reserve currency - that it be a stable store of value ... Since the sub-prime mortgage crisis broke in July 2007, the role of gold as a store of value has become increasingly prominent, with its price rising to $980 (R7 650) an ounce from $660 at a time when almost all other commodity prices have declined significantly ... Doubts are emerging as to whether the... (Business Report, South Africa)
Gold snaps two-week rally as equities sap appeal Jul 25, 2009
Gold fell in New York, halting a two-day rally, as rising equities dulled the appeal of the metal as a store of value ... 7 per cent weekly gain as a decline in the dollar increased demand for a store of value. (Sydney Morning Herald -- Business)
Precious Metals Investment Jul 24, 2009
The use of precious metals as investments and a store of value drives their demand as much as their use as industrial metals does, and precious metals command much higher prices than common industrial metals. The precious metals of gold, silver, platinum and palladium are all cast into ingots, and the bulk form of precious metals is referred to as bullion when traded on commodity markets. (Suite101.com)
Credit crunch, part two Jul 23, 2009
As the US dollar in particular is at risk of losing its function as a store of value, investors may want to consider a diversified approach to something as mundane as cash. Axel Merk is manager of the Merk Hard and Asian Currency Funds. (Asia Times Online)
Gold hovers as inflation fears ebb Jul 22, 2009
Gold, little changed in Asian trading, may decline as inflation concerns eased and the US dollar strengthened, reducing the appeal of the precious metal as a store of value. Bullion extended its retreat from the highest in almost six weeks as the Dollar Index, which gauges the strength of the U.S. currency against those of six major trading partners, gained for the first time in three days and US Federal Reserve Chairman Ben Bernanke said inflation pressures are limited. (Sydney Morning Herald -- Business)
Gold rises ahead of festival season Jul 20, 2009
Trading sentiment turned bullish after reports of gold gained for a second day in Asia as higher oil prices and a weaker dollar prompted investors to seek the precious metal as a store of value. Gold for the most active far-month October gained 0. (India Times)
Gold gains as US housing sparks hopes Jul 19, 2009
Some investors use gold as a store of value. Fresh buying will be supported by a weakening dollar and a build in inflation expectations,'' Suki Cooper, a Barclays Capital analyst in London, said today in a report. (Sydney Morning Herald -- Business)
China steps up attack on greenback's primacy Jul 10, 2009
The People's Bank of China first suggested in March that the SDR - effectively a mixture of US dollars, euros, sterling and yen - was better suited than any single country's currency to be a yardstick for global trade and a reliable store of value. Sources told Reuters that China had pushed for debate about reserve currencies at the summit. (Sydney Morning Herald -- Business)
Gold Drops a Third Day in Asia as Dollar Extends Rally, Crude Oil Slumps Jul 8, 2009
July 8 (Bloomberg) -- Gold fell for a third day in Asia as the dollar advanced against the euro and tumbled, reducing demand for the precious metal as a store of value. The , a measure of the greenbacks value against six major currencies, gained for a fifth day, heading for the longest rally since April. (Bloomberg -- Australia & New Zealand)
Gold pressured by firmer US dollar Jul 8, 2009
Gold has been hurt by the US dollar's strength as investors have recently preferred the US currency to bullion as a safe store of value amid fears over the economic outlook. Declining oil prices on growing uncertainty over an economic recovery later in the year eased worries about inflation, hurting gold which is widely perceived as a hedge against rising prices. (Sydney Morning Herald -- Business)
Gold hovers below $US930 amid investor caution Jul 7, 2009
10 on Monday on the back of a stronger dollar, as investors preferred the global reserve currency to bullion as a safe store of value amid fears over the economic outlook. Bargain hunters resurfaced in India, the world's biggest bullion consumer, as gold slipped this week, but jewellers in other parts of Asia hoped for more of a price correction after bullion failed to sustain recent gains, dealers said. (Sydney Morning Herald -- Business)
China Officials Call for Displacing Dollar, in Time Jul 6, 2009
The People's Bank of China made waves in March when it first suggested that the SDR, whose exchange rate is determined by a mixture of dollars, euros, sterling and yen, was better suited than any single currency to be a yardstick for global trade and a reliable store of value. "The financial crisis caused the global economy to suffer heavy losses and it also let us clearly see how unreasonable the current international monetary system is," Li, a former central bank vice governor, said. (ABC News -- Wire)
Int'l financial, monetary systems need reform, says economist Jun 26, 2009
An increase in the U.S. national debt and balance sheet of the Federal Reserve has led to concerns in some quarters about the stability of the dollar as a store of value, he said. Yu said questions remain whether there will be enough demand for U.S. Treasuries. (Xinhuanet, China)
The perils of multipolarity Jun 24, 2009
On the plus side, it might move towards the establishment of a global currency system that provided a true store of value, without the incessant inflation that has bedeviled the dollar's reign. On the minus side, the move towards protectionism will decrease global output below what might otherwise be available, although it seems unlikely that even the BRICs would wish to move to the full protectionism of the 1930s. (Asia Times Online)
Tunnels, Guns and Kimchi: North Koreas Quest for Dollars Part I Jun 19, 2009
Payments are made in gold or barter, any store of value North Korea can use. While one can marvel at North Koreas capitalist ingenuity, its future prospects do not appear to be great as the number of regimes and business partners desperate or adventurous enough to seek North Koreas help is in decline. (YaleGlobal Online Magazine, CT)
Counterfeit or just fake? Jun 16, 2009
Then you have forgotten that for something to be money, it must (among other qualities) also be a store of value, and the dollar is anything but that ... On the other hand, gold is the one thing that IS a "store of value", which is why people who invested in gold are far, far ahead of those morons who invested in anything else over the long-term. (Asia Times Online)
No conundrum, again Jun 16, 2009
For one, the dollar has become much less appealing, both as a safe haven vehicle and as a longer-term store of value. To be sure, the US is these days a fiscal blackhole. (Asia Times Online)
Gold slides as demand curbed Jun 6, 2009
Gold fell in New York and London, heading for its first weekly decline in five, as US employment figures bolstered expectations that the worst of the recession may be over, reducing demand for bullion as a store of value. Payrolls fell by 345,000 in May, the least in eight months, the Labor Department said today. (Sydney Morning Herald -- Business)
Russia:A new sick man Jun 5, 2009
The strong rouble was seen as a proxy for Mr Putin s success; but as Rory MacFarquhar, an economist at Goldman Sachs, points out, it was a currency play and not a store of value. When foreign credit dried up and the oil price fell, Russia was caught out. (The Economist)
Gold to rally on inflation fears Jun 4, 2009
Gold is supposed to be a safe haven in a storm, a store of value in a financial crisis. Yet, after several years of strong growth, the Australian-dollar gold price peaked in February and has since been more or less in decline. (Sydney Morning Herald -- Business)
Stock questions? Ask Matt Jun 3, 2009
If you're worried about inflation, commodities could be a store of value. But I'm not convinced yet. (USA Today -- Money)
US core no longer the magnet Jun 2, 2009
Failed policies, a resulting deeply impaired economic structure, and massive ongoing devaluation have ended the dollar's reign as the globe's premier reserve currency and perceived stable store of value. There is today no sound currency to replace the dollar, so the global financial system operates rudderless and with great uncertainties. (Asia Times Online)
Gold Gains to Three-Month High as Dollar Drop Boosts Demand; Silver Rises Jun 1, 2009
June 1 (Bloomberg) -- Gold climbed to the highest in more than three months as a slumping dollar increased demand for the precious metal as a store of value. Silver gained to the highest since August. (Bloomberg -- Australia & New Zealand)
Ghana Q1 gold output up 9 percent May 31, 2009
Many investors see gold as a safe store of value, and it has performed strongly during the global financial downturn. Gold futures rose above $980 per ounce on Friday to end the day's business close to a three-month high. (Ghana Web, Ghana)
Gold inches up over $US925 May 20, 2009
Data released on Tuesday showed an unexpected fall in US housing starts to record lows in April, burnishing bullion's appeal as a store of value. While the overall health of the economy will stay in focus, the dollar's direction is expected to remain the decisive factor as the traditional negative correlation between the US currency and gold comes more sharply into play. (Sydney Morning Herald -- Business)
Gold firmer as U.S. dollar slips May 20, 2009
WGC investment research manager Rozanna Wozniak said in an interview with Reuters television she expects investment demand for gold to remain firm as investors seek a safe store of value for their money. I have some concerns over how long these green shoots (of recovery) will last, she said. (Globe and Mail -- Business)
The almighty yuan? May 16, 2009
The yuan, rather than the dollar, could eventually become a means of payment in trade and a unit of account in pricing imports and exports, as well as a store of value for wealth by international investors. Americans would pay the price. (The Star Online, Malaysia -- Business)
China stirs apot of gold May 9, 2009
Given the inflationary impact that such a torrent of new cash will spark, it is logical that the Chinese hedge its $1 trillion position with a more reliable store of value. International money continues to flood towards the Chinese economic sphere, leaving the "old" industrial economies of America and Europe out in the cold. (Asia Times Online)
Gold slips, investors book profits May 9, 2009
LONDON: Gold prices slipped on Friday after US non-farm payrolls fell less than expected in April, as investors took signs of an economic recovery as a reason to sell bullion held as a safe store of value. However, losses were limited as the dollar weakened and concern an economic recovery could spark inflation supported buying of the metal as a hedge against rising prices. (India Times)
Is the dollar history? May 8, 2009
Any currency, domestic or international, must satisfy three criteria: it must serve as a unit of account, medium of exchange and a store of value ... What about store of value ... It is a telling fact that most countries hold dollar-denominated debt indicating their continuing faith in the dollar as a store of value. (India Times)
Gold Fields earnings more than double May 8, 2009
Gold mining companies are looking to increase output as prices climb because of investor demand for the precious metal as a store of value. Gold for immediate delivery in London has rallied for eight consecutive years. (Business Report, South Africa)
Asia Day Ahead: Citi May Seek Capital From Investors to Avert U.S. Control May 5, 2009
Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of U.S. bank stress tests. Silver rose. (Bloomberg -- Japan)
Gold Gains for Second Day as Weakening Dollar Increases Investment Demand May 5, 2009
May 5 (Bloomberg) -- Gold gained for a second day in Asia, trading above $900 an ounce, as a decline in the dollar boosted demand for the metal as a store of value. The Dollar Index, which tracks the greenback against six major trading partners, has dropped 1. (Bloomberg -- Japan)
ARE YOU SERIOUS, PANDIT? May 3, 2009
The Street has to find a way to better retain its chief assets if there is going to be any store of value left for investors and taxpayers alike. TERRY KEENAN is anchor of Cashin' In, an in vesting program that ap pears on Fox News Channel on Saturday mornings at 11:30. (New York Post -- Business)
China quietly builds gold reserve Apr 28, 2009
77) at $913 an ounce in London and a big boost to those traditional investors who believe that gold is still the safest store of value. However, bullion market experts say China's gold holdings are still far smaller than those of the US and other developed countries, and it was still buying US dollars. (BBC News -- Asia-Pacific)
