Articles in the Gold Category

University of Maryland Professor Calls for $3,000 Gold
Posted in Economics, Gold on 10 November 2011

With the failure of Italy and the European Union imminent, Dr. Peter Morici, professor of economics at the Richard Smith School of Business at the Univesity of Maryland is calling for gold prices to hit $3,000 per ounce.
“With the implosion of Italy,” says the University of Maryland’s Peter Morici, “Portugal and Spain would not be [...]

How To Profit From International Violence
Posted in Gold, Silver on 18 February 2011

The past few weeks have seen a spate of violence in the Middle East. First it was in Egypt, followed by violence in Bahrain as well as Libya. International violence always causes a spike in gold and silver prices. Check out this snippet from Bloomberg:
Gold rose, silver gained to a 30- year high and palladium [...]

Gold Closes At Record High
Posted in Gold, Silver on 5 October 2010

Gold closed at a new record today. The price for gold went as high as $1,342/ounce before settling at $1,340.
Along with gold, silver has also been making 30 year highs. It closed the day at $22.81/ounce.  Along with other commodities like copper and tin, these precious metals have been increasing most likely due to fears [...]

Gold Selling At 40% Markup In Greece
Posted in Economics, Gold on 28 May 2010

According to Coin Update News:
The fear running through the Greek populace is that the nation’s government may default on some of its debts.
Since 1965, the Greek government has imposed restrictions on trading British Sovereign gold coins (gold content .2354 oz). Despite those restrictions, the Bank of Greece reports that it is selling an average [...]

Why Gold Could Appreciate For Decades
Posted in Economics, Gold, Inflation on 18 May 2010

Here’s a great video of Robert Cohen, portfolio manager and Goodman & Co, an investment fund in the top 2% in terms of returns.

He explains the reasons for the recent spike in gold prices and says that he expects gold to continue to appreciate for at least another decade if not several more.
If you [...]

Gold Hits New High
Posted in Economics, Gold on 12 May 2010

The price of gold hit a new high of $1,247/oz today, beating it’s previous high of $1,226/oz. According to the Wall Street Journal:
“Gold’s strength indicates investors view the European Union and International Monetary Fund rescue package as a short-term fix that doesn’t reduce uncertainty on how governments will reduce their high debt levels.”
The gold [...]

John Mauldin: “The Euro is not a currency, it is an experiment”
Posted in Gold on 16 January 2010

John Mauldin is an investment adviser for wealthy individuals. He has a fantastic free weekly newsletter where he deconstructs the political-economic environment and offers good advice on where to invest. He is also a big proponent of owning gold. Here’s his reasoning:
Why would anyone want to be long the dollar or treasuries? The dollar may [...]

Richard Russell On Gold
Posted in Gold, US Debt on 16 December 2009

Buying and accumulating gold must be seen as a LONG-TERM proposition. I can tell you that gold is going much higher, but I can’t tell you when. I can tell you what to buy — gold bullion coins — but I can’t tell you when it’s going to go into its bubble phase. By the [...]

India Dumps Dollars – Buys Gold
Posted in Gold on 4 November 2009

Gold hit another all-time high yesterday of $1,885/ounce. This $30 surge happend on news that India bought 200 tons of gold from the IMF. This represents the largest purchase of gold by India in over 30 years. It looks like India is joining China in a rush to diversify away from the Dollar. India paid an average [...]

David Tice: Gold To Hit $3,000
Posted in Gold, US Debt on 16 October 2009

David Tice is another gold bull who predicts the shiny yellow metal will hit $3,000/ounce during this cycle. While not has bullish as other goldbugs like Peter Schiff who predicts $5,000/oz, he has the same philosophy behind his declaration.
Tice worries about the debasing of the US dollar, and our excessive reliance on foreigners to fund [...]