Reasons to Buy Gold or Silver

Gold and silver seem to be back to their 2011 levels. iShare Silver Trust (SLV) is trading at $28.41 while SPDR Gold Trust (GLD) is trading at $156.22.  Well, gold and silver spot price are also trading around $1600/oz and $29/oz respectively.  The talking heads at Bloomberg and CNBC are all now suggesting that it might be the end of the gold bull run.  After writing the earlier posting yesterday, I thought about it and decided that perhaps a more balanced view ought to be presented.

So in this posting, I will throw up some of the reasons to continue buying gold or silver.

Firstly, the world's central banks are now net buyers of gold, purchasing gold like never seen before.  According to the World Gold Council, central banks accounted for 12% of total demand for gold in 2012.  The demand for silver also seems to be rising and the supply does not seem to be able to keep up (at least that is what the silver bugs' charts are telling us).

Secondly, with all the money printing by the Feds, inflation is almost certain.  Gold and silver are thus a good hedge against inflation since many view them as the true store of value.  Many of these proponents are also predicting that the dollar will soon crash and that somehow, someday, the entire world will go back to the gold standard.

Thirdly,  while the prices of gold and silver might have corrected a fair bit for this year, the global outlook still looks uncertain.  The US debt is reaching alarming levels, Europe crisis, etc.  So it is not surprising that people are bullish on these 2 metals since they seem to have a negative correlation to the overall stock market/economy.

In any case, the people who argue for investing in gold or silver are still sticking to their guns that another bull run is in the making.  Will they be correct?

Gangnam Style - Jayesslee

This is another really cool version of Gangnam Style done by Jayesslee.  I believe that they are sisters.  Really nice and some what similar to the acoustic version of Gangnam Style done by Steph Micayle

 

The End of the Gold Bull Run?

Is this the end of the bull run for gold which has seen a meteoric rise over the past years.  Goldman Sachs has a 12 month forecast of $1,550/oz.  Gold has dropped 5 percent from the start of the year with investors like George Soros also cutting down his gold holdings.  Of course, one would be wise to heed the Warren Buffet's take on gold (even though it might be dated).  Many have also called gold the ultimate bubble while others are still quite bullish on this precious metal.  But with the US printing money with a vengeance, it is little wonder why many would want some kind of hedge against inflation.

Gold had hit an all-time high in Sept 2011 of slightly over $1920/oz.  Today, gold spot price is at $1597/oz.

Burger Taste Test : Beef or Horse

So the latest news on the horse meat scandal is that IKEA's meatballs have been implicated too.  Well, there is no idea yet whether Singapore has been affected.  Anyway, here is a burger taste test video.

Thierry Henry Returning to Arsenal

Thierry Henry looks like he could be returning to Arsenal for his third stint.  The Frenchman has a close relationship with Arsenal manager Arsene Wenger and is also Arsenal's all-time record goalscorer.  He has scored 226 goals during 1999 to 2007 and 2 goals during his loan spell from New York Red Bulls last season.

Henry's deal is set to expire soon and rumours seems to suggest that he could be set for a return to the Emirates.

Beatrice Miller - Titanium

A really nice Judge's House song by X Factor 2012 (USA) contestant, Beatrice Miller, who sang the song Titanium by David Guetta.  I liked her style and the of course the background of the judge's house.  Stunningly beautiful.

Well, if you like her voice, then be sure to check out her song that she performed with Carly Rose Sonenclar at Bootcamp.  Well, Carly Rose Sonenclar is another ultra talented girl with an amazing voice who can sing real well.  Check out her song at the judge's house as well as her audition song.

Quip.com

What is Quip.com? Well, Bret Taylor who used to be CTO for Facebook left the company last year and is currently the CEO of Quip.com.  And it is currently a stealth start-up because nobody knows what it is meant to do.

Taylor is working on this project together with a former Googler Kevin Gibbs. And they are not releasing any information on it yet.  So could this secretive project turn out to be the next Facebook or Google?

Well, details are certainly lacking at the moment.  Hitting quip.com in your url will just bring you to a google accounts login page.  And that does not tell much.  But some people are guessing that it could be something to do with editing of documents.

Well, a quip is to make a witty remark.  And it could also mean a joke.  So perhaps quip.com is something like Facebook and allows people to make witty remarks on webpages as they surf the net.  I am just trying to guess here.  But only time will tell.