Fed Stopping QE Stimulus? Gold Falls
OPEC Maintains Output Levels — Keeping $100/barrel
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Buffett Makes Fun of Falling Gold Prices
Warren Buffett, the head of investment firm Berkshire Hathaway and arguably the world’s best investor made fun of falling gold prices today, as gold hits a 2-year low. Many hedge funds – Buffett’s rivals – have experienced big losses this week. John Paulson’s major hedge fund lost $1 billion this week in the fall. Buffett has strongly […]
How Much Gold Has The World Produced?
How much gold is there in the world? Warren Buffett, arguably the world’s best investor, estimated that the amount of gold ever produced would total 20m2 – a cube measuring 20 meters by 20 meters. But now we don’t need to estimate any longer. Thomson Reuters GFMS – worldwide specialists of gold and silver data – have come out […]
German Confidence Boosts Oil
German investor confidence was up today – hitting a 2.5 year high. This boosted investor confidence in a strong economy, and crude oil is the fuel that drives the economy. So naturally Crude Oil rose after the announcement. Crude Oil futures rose to $96.50 – the highest level since Sept 2012. The report also showed […]
Germany Bringing Their Gold Home
Bundesbank, the German central bank, is bringing back 674 tons of gold currently held in New York and Paris. The move will take many years but is intended to increase public confidence in German economy. The gold bullion is work about €27 billion ($36 billion). Germany currently has 374 tons in Paris’ Banque de France s and […]