This page archives the July 2009 links to gold articles featured in our popular NewsGroup e-mail service.

If you would like to join the NewsGroup to receive timely updates of breaking news by e-mail, click the link below to sign up.

** Join the USAGOLD NewsGroup **

USAGOLD NewsGroup Archive

July 23rd NewsGroup -- A Mid-Summer Review

Greeting clients and friends,

Our latest VideoBrief entitled, "A Mid-Summer Review" is now available.

Discussion topics: Pete Grant and Jonathan Kosares review the slow 'Summer Doldrums' which has been the prevailing characteristic of the gold market in mid-Summer. Also discussed is the Erste Group research paper, and a general trend, observable in both the public and private sectors, in which portfolios are being shifted toward physical gold to avoid the counter-party risk which is inherent in all paper assets and financial contracts, a dubious class rife with the potential for default, among which even gold derivatives and ETFs are not immune. A bit more along those lines can be gleaned from the following article at Seeking Alpha...

_____________________________

Greenlight Capital's David Einhorn moves to physical gold
Seeking Alpha; July 22, 2009

...in his second quarter investor letter, Einhorn reveals a few major new developments at his hedge fund.

First and foremost, the activity most people will talk about is the fact that Greenlight has shifted their gold position from the gold trust exchange traded fund GLD to physical gold, citing cheaper fees for storage than expense ratios for the fund they were previously invested in. This is an intriguing move and we'd imagine other funds will eventually follow suit. After all, literally a ton of hedge funds are invested in GLD. And, most notably, John Paulson's hedge fund Paulson & Co has billions of dollars tied up in a GLD position. It will be interesting to see if other funds shift toward storing physical gold ala Einhorn.

USAGOLD Comment: So the question is... Is your own portfolio diversification program progressing as it should be with a firmer physical orientation? Meanwhile Fortune Magazine hints that bonds, notably U.S. Treasuries, which have conventionally been perceived as among the more conservatively reliable of assets, are in the process of losing their appeal...

_____________________________

Bearish on bonds
By Mina Kimes, Fortune Magazine; July 22, 2009

...While many fixed-income investors have gone back into junk bonds since their priced tanked last winter, driving their yields, which move in an opposite direction, down ten percentage points since then, Atteberry thinks the rebound won't last. "It isn't sustainable -- they're going to roll over again," he says... ...Treasuries have struggled this year as bond investors grew concerned that future inflation would drive down their value. Atteberry agrees. "The Fed has put a tremendous amount out there, into a market they're manipulating," he says. "It's a bubble -- I know it's going to burst, I just don't know when."

USAGOLD Comment: Bond investors beware!

As always, feel free to share this NewsGroup newsletter with your friends, and stay in touch with your broker at USAGOLD for prices, availability, and reliable delivery of gold coins and bullion right to your door!

For daily news soundbites, consider following along at the Twitter page of our senior metals analyst, Pete Grant.

http://twitter.com/usagold1

July 15th NewsGroup -- July Buyers' Group: Deeply discounted pre-1933 Netherlands Trade Ducats

Greeting clients and friends,

For only the second time in a decade, we have secured a sizable lot of brilliant-uncirculated Netherlands Trade Ducat coins. At only .1106 ounces of fine gold per coin, these are some of the smallest pre-1933 European coins available. Because of their small size, and frequent use in trade at a time when gold was the primary monetary system in Europe, the survival and release of brilliant uncirculated lots happens only upon rare occasion. It follows naturally that these types of lots typically trade at high premiums to their gold content.

But not today! Because our market position allowed us to purchase this entire lot directly from Europe, we're able to release these coins for less per ounce than more common uncirculated European varieties like Swiss 20 Francs, Dutch Guilders, and British Sovereigns. This truly is one of the finest deals we've had the privilege of offering in several years. There are only 1280 coins available, and at about $130 per coin, we expect them to move very quickly. Orders will be handled on a first-come, first-served basis. Quantity discounts are available, including additional incentives for purchases of 100 coins or more. Pay by credit card, personal check or bank wire. FREE SHIPPING on orders of $2000 or more.

Details and pricing can be seen at:

http://www.usagold.com/gold/special/netherlands-ducat_offer.html

July 9th NewsGroup -- "In Gold We Trust"

Greetings clients and friends,

"In Gold We Trust"
by Ronald-Peter Stoferie, CMT - Erste Group Research

We at USAGOLD are pleased to post this 55-page report from the Erste Group in Vienna, Austria on gold's future prospects. This study covers both the fundamental and technical factors which offer a "shiny outlook for existing and potential [gold] investors" and debunks seven of the most commonly cultivated myths about gold widely disseminated by its detractors. The report concludes with a discussion on the effects of inflation on gold and an excursion into the potential geopolitical and monetary outcomes likely to affect gold demand in the coming years. All in all, this report offers one of the most definitive and comprehensive arguments for gold coin and bullion ownership seen in years.

The full .pdf document can be downloaded via this link:

http://www.usagold.com/gildedopinion/ingoldwetrust.html
___________________________________

This document is also posted at our new "News & Views" page linked here:

http://www.usagold.com/cpmforum/

If you're interested in keeping up with news affecting the gold market and global economy, this posting board will prove a great ongoing resource. Always current. Always relevant. Bookmark today!
___________________________________

"In Gold We Trust" Reprinted with permission

Erste Group Bank AG, Neutorgasse 17, 1010 Vienna, Austria. Phone +43(0)5 0100 - ext.

Erste Group Homepage: www.erstegroup.com
On Bloomberg please type: ERBK

View Archive for Previous Month...