LongIslandStyle » GOLD

Gold Is On The Rise December 2011

maddaloni — Wed, 30 Nov 2011 19:27:02 +0000

(Updates prices, comment after central bank move)

* Top central banks move to avoid global liquidity crunch

* China in surprise move to inject cash

* Dollar falls sharply, equities, euro rise

By Susan Thomas

LONDON, Nov 30 (Reuters) – Gold rose to the highest in almost two weeks on Wednesday after top central banks announced a co-ordinated move to avoid a global liquidity crunch, and the dollar fell.

Centrals banks from the world’s leading economies, including the U.S. Federal Reserve and the European Central Bank, said they had agreed to lower the cost of existing dollar swap lines by 50 basis points, as well other measures.

Spot gold rose more than 2 percent to $1,749.54, its highest since Nov. 17. It was $1,744.79 per ounce at 1525 GMT, from $1,714.29 late in New York on Tuesday.

Gold, Update On Investing

maddaloni — Wed, 07 Sep 2011 17:43:46 +0000

Buying gold is still the safest investment you can make!!! Investors are predicting $5000.00 is too low!! Looking at the global economies Gold is appearing safer and safer. A study released earlier in the year by Oxford Economics recommends holding at least 5% of your assets in gold.

Recent Facts:

A new Wikileaks release reveals the thought process behind gold and fiat currencies such as the U.S. Dollar and Euro.
David Rosenberg, senior economist and strategist at Gluskin Sheff in Toronto, wrote “With Japan massively intervening in the (currency) market and the Swiss effectively curbing the safe-haven status of the Swiss franc today, we only really have gold as the last-standing safe-haven currency around”.
Governments are buying gold:
- Venezuelan gold mining companies had until recently been forced to sell 50% their gold production to the government for their reserves. This was increased last month to 100%.
- Kazakhstan, a relatively small producer, announced that its own local gold production would now be bought by the government for its gold reserve
- The rising price of gold and silver has caught the attention of economic powerhouse, China (NYSE:FXI)
- China’s increased gold reserves will thus act as a model and lead other countries towards reserving more gold
- We have long believed that China, to a greater or lesser extent, has been doing this for some years now. Its local production is rising by the year and it’s the world’s largest gold producer now at well over 300 tones.
- Russia has been buying local and foreign production as well for years now.

Maddaloni is YOUR gold source 888-999-4038

Solutions For Aging Jewelry

maddaloni — Wed, 17 Nov 2010 22:36:40 +0000

Revamping your aged jewelry can be as simple as a quick cleaning. Over time, gold wears down leaving a dull finish, a little bit of polish brings the metal back to life. Let’s say you have many pieces of yellow gold jewelry and would like to have a few of the pieces in white gold? Rhodium is your answer!! In less then 20 minutes you can wear your virtually new pieces of jewelry! It is remarkable how beautiful the process works; just remember the whitening rhodium wears down in about 6 months.
Even a quick polish can give your treasured pieces a brand new look! The price varies per piece, make sure to inspect your jewelry with the jeweler before they polish, to ensure there are no loose stones or chips you can’t account for. Your baubles will bling for your holiday parties!!