Social Gold Mine
News that grabbed a lot of people’s attention was from North Korea. Rumours that the country is in serious financial trouble and has been selling much of its 2,000 tons of gold reserves to China, in a bid to ward off financial collapse, was hot on Twitter today.
— Sprott Global (@sprottglobal) December 11, 2013
Many of us who have stated that London, and even the rest of the UK, is in the midst of a housing bubble, have come under some intense scrutiny. However, a new study from Warwick University has found that there is a fairly high probability that we may be right…
A great interview here from Tekoa da Silva, a fellow young gun of gold! His interview with Rob McEwan, founder and former CEO of Goldcorp provides some interesting insight into what lies ahead for mining and precious metals in 2014.
Many will be familiar with the clamp down on gold imports by the Indian government in an attempt to manage the growing current account deficit. Imports have come down by nearly 80% from this time last year. However, it now seems that the government are prepared to loosen the clamps a little. But not too much.
“India can tolerate $30bn of gold imports” RAJAN (me too – just can’t afford that.) http://t.co/HtDs9oPEXM
— Sandeep Jaitly (@Bullionbasis) December 11, 2013
In other news (in case you hadn’t heard) yesterday the first episode of my new show, Get REAL, was broadcast. You can watch it in the link below, kindly provided by goldbug prof, Professor Brian Lucey.
— brian lucey (@brianmlucey) December 11, 2013