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Tag Archive: GOLD


A recent interview on CNBC by Charlie Munger right hand of Mr Warren Buffet’s  has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett’s right-hand was particularly eloquent in his views on Einhorn’s distrust of the Fed and buying Gold: “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939 but civilized people don’t buy gold – they invest in productive businesses.”

He also quoted “I think gold is a great thing to sew in to your garments if you’re a Jewish family in Vienna in 1939 but I think Continue reading

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The weekend was very important for the Europe mainly for the france as the Presidential Election is underway and Francois Hollande: 28.4% – with victory virtually assured in the runoff round on May 6, it is now Hollande’s election to lose, and Nicholas Sarkozy: 25.5% – make the runoff round.

It’s a big day tomorrow for the Indian markets as it’s the day of Akshaya Tritiya in India has been traditionally considered very auspicious for purchasing gold, silver, ornaments, precious stones, real estate and other long-term assets. It’s the occasion for traders,Broking houses,Banks and exchanges too who have increased their working hours for the day. Continue reading

I am a big fan of Jim Rogers and Marc Faber the two masters of commodities market that I know, unfortunately haven’t grabbed any book written by them but have read a lot about them in Online media and their online articles.

The reason I tried to write on this topic as yesterday Barclay’s capital  confirmed that they hit by a large loss trading copper and aluminium in the last financial year. For precarious reason Investments banks don’t disclose their earnings from the commodities division, may be trading raw materials such as oil, corn and gold makes up a relatively small portion of the revenues of most investment banks’ fixed-income divisions, the battle for market share in the sector has become intense as the financial crisis has hit other income streams such as credit derivatives. Continue reading

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