Gold, Silver »

[5 Oct 2010 | No Comment | ]

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 [...]

Economics, Gold »

[28 May 2010 | No Comment | ]

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 [...]

Economics, Gold, Inflation »

[18 May 2010 | No Comment | ]

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 [...]

Economics, Gold »

[12 May 2010 | One Comment | ]

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 [...]

Currency, Economics »

[5 May 2010 | No Comment | ]

One analyst seems to think it might happen. David Rosenberg, analyst at Gluskin Sheff, says the breakdown of the euro could well drive the price of gold to $3,000. Today the euro dropped to $1.28, and it is down over 12% from its high of $1.51 against the US dollar.
In a note to investors, Rosenberg [...]