Gold Scams: Don't Fall For Them!

Photo from sammyboy.com

This BullionStar article on scams in the gold market caught my attention. It's true. You might think that just because gold is a good investment, that you can just go along with whatever business that purports to take advantage of the rising price of gold. The truth is, scams are aplenty, and this is not just limited to the 'paper trading' going on with GLD, SLV and other ETFs. Even when it comes to physical gold, some people have somehow managed to come up with their own hare-brained Ponzi schemes.

Move over, Uncle Sam; China top drawer of foreign investments

The US is becoming less and less attractive as a destination for foreign direct investments (FDI). Either that, or China is just becoming that much more attractive. I guess we can attribute China's taking over as top drawer of FDIs for the first half of 2012, both to China growth, and US shrinkage (if such a term is appropriate here).

Singapore Silver Price - An Impressive Run

In the past decade, silver has gone through a lot. While not quite at record levels at the moment, it is still hundreds of percentages higher in Singapore Dollars than at the beginning of the 21st century. I also think most of the correction in precious metals prices is over, and we can see a resumption of the price increases soon. The paper silver market has made silver oversold, and there is a great discrepancy between what price you can actually buy physical silver compared to what you see in spot prices.

Chart courtesy of BullionStar