10 Things Rocking the Industry



1. GoldGold prices reached an all-time high of $1,234 in mid-May, edging past the previous record of $1,227 from December 2009. Confidence in the 750 billion-euro (U.S. $1 trillion) bailout for Greece quickly faded. Eurozone countries will have trouble reducing their budget deficits based on the size of the aid package, strengthening the confidence in gold as a safe haven for investments for these countries, especially Germany, where physical traders reported a surge in buying small bars and coins as well as market bars (400 ounces). “The last time we saw this level of grassroots activity was in October 2008, when the economy was on the brink and the retail gold-buying community effectively drained gold from the market to make it practically impossible to source in retail volumes,” says Ross Norman, director of TheBullionDesk.com. ­Norman’s forecasts for 2010 gold prices range fro
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