Articles in the Gold Category

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 [...]

Can China Affect Gold Prices?
Posted in China, Gold, Silver on 20 September 2009

The Chinese government has been advising its citizens to buy gold and silver. Typically, there is a large abyss between what the government wants and what the people actually do. However, in this case at least, it seems that the Chinese people are happy to be buying both these commodities. Until very, very recently possession [...]

Why $1000 Gold Is Now Significant
Posted in Featured, Gold, Inflation, Silver, US Debt on 13 September 2009

Friday the 11th September 2009 marked a historic moment.  It’s the first time the price of gold actually closed above a $1000/ounce. Previous, it had breached the $1000 level only to face heavy selling pressure and a close below the magic level. Due to this, it seems as if $1000/oz is a psychological barrier for [...]

HyperInflation In The US: Possibility Or Reality?
Posted in Currency, Economics, Gold, Headline, Inflation, Silver on 10 September 2009

Here’s an exceptionally well made video by the National Inflation Association. If you don’t believe in hyperinflation (or even if you do) this eye-opening video will entertain and educate you regarding the historical currency devaluation that several other countries have faced and the total break down of economies like Zimbabwe. It also goes to explain [...]