Archive for May, 2010

May 20th…The Bullion Movement 2010

In this economic climate diversifying your financial portfolio is one of the soundest investments to be made in 2010. Gold has become a fierce competitor in the financial market for several reasons over the past 18 months. Due to the falling production of gold globally, the international gold price per once continues to rise. The falling Euro has had a large imapct on the gold comex, simply due to its volitativity and unstable European economies.

The commodities market has seen an influx of consumers buying gold bars. Publicly traded companies have joined the bullion movement, causing a gain in recognition amongst financial institutions. Swordfish Financial, Inc.’s (SWRF) is a publicly traded company with revenue coming from the recovery or margin of stray and inactive assets. These assets originate from high net worth individuals and companies, held in financial institutions around the world. On March 8th 2010, Swordfish announced that they have entered into a Letter of Intent to exchange 623,950 shares of its common stock for 31,197,500 kilograms of Gold Bullion. This trend has streamlined tangible gold bars into a vital component amongst savvy investors.

The financial situation in Greece has spilled over to the entire continent. The first quarter reports saw falling euro numbers along with gold pricing reaching all time highs.  The Greek Prime Minister George Papandreou requested that the European Union leaders meet to discuss the nation’s fiscal crisis. We can be assured that the gold comex was a hot topic and great discussion.During this meeting a 110 billion-euro package of emergency loans to Greece from the European Union and International Monetary Fund were guaranteed so the country will meet its debt obligations.  Due to this news gold rose to $1235.00 and the euro sliped to $1.425, the lowest in 4 years! 

Frank Lesh of FuturePath Trading LLC in Chicago said, “Investors want to hold a currency that’s going to maintain its value,” “Gold is a part of the currency crosses now. The international currency is gold.”