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% inflation target is near which is pushing the yen to a 2 ½ year low. Gold bullion on the TOCOM soared to match a multi year record of 4,911 yen a gram before giving up gains. Physical gold demand is also ramping up in Asia with the upcoming Lunar New Year festivities just around the corner on February ...