Folks looking for signs of the apocalypse had a moment yesterday as UBS announced the closure of open gold counters in 3 major locations. Conspiracy theorists would say this is the beginning (or continuation) of a squeeze on private ownership of gold, intended to push everyday citizens from gold to cash, then to electronic money. Here at The Gold Enthusiast we’re not apocalyptic or conspiracy theory types, we just enjoy trading gold and making money off it. While we wait for the gold market to give us another trading opportunity, we can simply enjoy keeping up with international gold news. As long as we keep our wits about us, that is.
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