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JAN 21, 2013 - Zero Hedge

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Pacific Group Latest Hedge Fund Buying Physical Gold - Converting 1/3 Assets To Gold

Today’s AM fix was USD 1,688.00, EUR 1,269.08, and GBP 1063.58 per ounce.Friday’s AM fix was USD 1,690.00, EUR 1,265.82and GBP 1,060.49 per ounce. Gold was up 1.26% for the week and silver was up 4.60%. Gold fell $2.80 or 0.17% in New York on Friday and closed at $1,684.10/oz. Silver surged to a high of $32.11 before it also edged off, but it still finished with a gain of 0.47%. Gold inched up on Monday on concerns about currency debasement and an even looser monetary  policies to be announced from the Bank of Japan. BOJ is examining an open-ended pledge to buy assets until a 2% ... Read More

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