I have compiled a list of events, quotes, and facts from several sectors of the financial world regarding gold in the last year. I think it’s important to not only keep an eye on what people are saying, but exactly what are they doing. Below you will find "Just the Facts-2012". Please feel free to Google any one of them to learn more about the details. No opinions or conjecture, pure facts…

Amir Ness
http://www.thecovenantgoldfund.com

Famous Investors

Jim Rogers (Co-Founder of the Soros Quantum Fund) publicly stated in December: "I plan on selling federal debt and purchasing more gold and silver."

George Soros Increased his gold investment by 49% in 2012.

Marc Faber Laughed at the news caster who asked him if he thought gold was in a bubble and continued to say this: "It’s nowhere close to that stage; I keep a picture of Mr. Bernanke in my toilet, and every time I think of selling any gold I look at it and know better!"

Rob McEwen former ceo of GoldCorp. (GG) says he’s personally buying gold and silver; predicting that gold will eventually reach $5,000 oz. and silver $200 oz.

Central Banks

South Korea’s central bank purchased 450,000 oz of gold from 2011 to 2012. This represents a 600% increase in a little over 1 year. The central bank was quoted as saying "gold allows us to deal with the changes in the financial environment more effectively."

Brazil’s central bank bought 607,000 oz. in just the last three months of 2012.

Turkey’s central bank purchased 135,000 oz of gold in November, representing a 100% increase from last year’s purchases.

China, we cannot know exactly how much gold and silver China purchases because they only report the amount that goes through Hong Kong. However, we know that China has repeatedly purchased a lot more gold and silver than they admit to. Most recently, the banks in China have begun encouraging people to buy gold and silver coins by airing commercials on Chinese television.

India, gold imports have more than doubled since 2011 and investment demand inside India has reportedly increased 500%.

Germany, The Bundesbank has formally requested the Federal Reserve to return Germany’s gold.

Commercial Banks

J.P. Morgan now accepts gold as collateral.

Bank of America says "Gold will hit at least $2,000 oz in 2013"

Deutsche Bank released a new report, in it they say "We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s central banks as a component of reserves; we would go further to characterize gold as ‘good’ money as opposed to ‘bad’ money, which is fiat currencies.

I thought you would appreciate these facts, void of anyone’s opinion. Next week, I will be sending out a quick word on the new Basel III law that classifies gold as a tier 1 asset within the financial system. This is the process of what is called the "re-monetization" of gold. Gold is working it’s way back into the monetary system, and it has officially started effective January 1, 2013.

Monday, Jan. 14, 2013 9:30AM EST
Gold stocks to surge as much as 90% this year: fund manager
MARTIN MITTELSTAEDT

Gold will surge to new highs this year, a push upward that will cause a big rally in the depressed shares of precious metals miners, says John Hathaway, portfolio manager at New-York based Tocqueville gold fund.

How good might it get for gold miners? Pretty stupendous, in his view. Mr. Hathaway believes that when gold starts to trade sustainably above the $2,000 U.S an ounce level, shares could run up by 60 per cent to 90 per cent.

Surging platinum poised to hit parity with gold Add to ...
RUJUN SHEN AND VERONICA BROWN
Reuters
Published Monday, Jan. 14 2013, 5:00 PM EST
Last updated Monday, Jan. 14 2013, 5:00 PM EST


Rallying platinum prices are on the brink of hitting parity with gold, as concerns over supply outages in South Africa reignite, and stabilizing economic conditions in China and the U.S. boost the appeal of industrial metals over safe havens.

Even though platinum is still vulnerable to hiccups in the tentative global economic recovery, the white metal’s discount to bullion has shrunk to its tightest in nine months, a signal commonly associated with cyclical upswings.

“The best indicator for the platinum-gold ratio is global industrial production,” Bank of America Merrill Lynch analyst Michael Widmer said. “If you get a stabilization of growth in the advanced nations, which may pick up later this year, you would expect platinum demand to be stronger.”

“If you expect a cyclical upturn in demand, a metal with more industrial properties like platinum would normally outperform gold.”

Gold prices rallied decisively above those of platinum in 2011 after successive rounds of monetary easing pressured long-term interest rates, fuelled inflation fears and drove investors into the safety of hard assets. They have since struggled for further gains as the wider markets stabilizes.

“There’re a lot of things going against the gold price: nominal yields have risen, the Fed is reviewing the risks of implementing QE,” Widmer said. “In terms of trading gold versus platinum, I would definitely favour platinum this year.”

PLATINUM PUSH

The spread between gold and platinum narrowed to around $12 (U.S.) an ounce on Monday, its smallest since April, after platinum staged its biggest two-week rise in four months ahead of a review of number one miner Anglo American Platinum’s mining operations in South Africa, and on growing expectations for an economic recovery.

On average, platinum has stood at a $190 an ounce premium over gold since 1985.

As more than half of platinum is used in industrial applications, sluggish global economy had dulled the metal’s shine, despite its scarcity and a market deficit caused by supply constraints in top producer South Africa.

That picture may shift this year to platinum’s favour, as hopes grow that Europe may stabilize and the global economy embarks on a steady path to recovery, lifting the outlook for metals used in industry.

“You have a metal which is more expensive to produce than gold, whose supply is not growing and whose market is expected to be in a deficit,” said Dominic Schnider, an analyst at UBS Wealth Management in Singapore. “Such metal should trade at a premium to gold.”

But he cautioned that a return to a big premium in platinum would be unrealistic.

“We are going to make it to the parity and a possible $50 premium in platinum. But the global economy is still on a weak footing and it will be too early to call a $100 premium.”

The average production cost of platinum was about $1,600 an ounce, while the production cost of gold stood at $1,200 an ounce, he added.

Spot gold traded at $1,668.24 an ounce earlier Monday, down about 0.4 per cent so far this year after posting gains for the twelfth year in 2012.

Spot platinum traded at $1,635, up more than 6 per cent so far this year and leading the performance of the precious metals complex.

About two-thirds of Europe’s platinum demand in 2011 went to the auto sector. Car sales in the region are expected to further decline in 2013, as the euro zone debt crisis and government austerity measures sap consumer demand.

The high net longs in U.S. platinum futures and options may pose a threat to a sustained platinum rally, as speculators loaded with long positions may sell off to take profit in the short run, analysts and traders said.

Net longs in U.S. platinum futures and options bounced from a one-month low to 28,939 lots in the week ended Jan 8, down 18 per cent from an October peak of 35,145 lots, but up 59 per cent from the 2012 average.

leterry60614 wrote:Did the markets dive or the US currency fall?

leterry60614 wrote:Does that mean that Germany is going to buy gold?

bumper wrote:Well what you think Dham gold going up?