File of the month February, 2008
Articles filed during February, 2008.
Articles filed during February, 2008.
The worries of which the United States has to face to a high inflation in moments in which it faces a possible recession - phenomenon known as “stagflation“ - are contributing to the recent upward gust of the gold and of other precious metals, make sure the analysts.
The yellow metal accumulates a revaluation superior to 16 % in what it goes of year after 31 % has been revalued in the set of 2007 like reflex of the weakness of the dollar and the strong increase of the inflation in the United States.
The Panamanian company Bellhaven Copper and Gold Inc said That on Tuesday that foresees to begin the golden production of his mine It Closed Fire at the end of next year, with an annual volume of approximately 48.000 golden ounces. The mine will be one of the first ones in beginning to produce in the middle of a recent mining fair weather in the Central American country.
China overcame in 2007 the United States like the second major retail golden market, only behind India, despite the higher and higher prices of the valuable metal, according to a report of the World Council of the Gold published by the daily “Shanghai Daily”.
Although the Vietnamese historically have invested in physical gold, buying ingots and even acquiring housings with gold, they now are hoping that the future of the metal should be a cheaper way of negotiating in a beautiful mineral considered a sure bet in uncertain times.
The price of the gold established today a new maximum, on having reached on the futures market of London a price for 933,25 dollars for ounce, before the expectations of which the Federal Reservation of the United States adopts tomorrow a new reduction in the interest rates and before the problems suffered by the South African producers.
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