Articles tagged with: Gold
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Posted in Silver on 6 December 2009
I just got an email from a company that I have previously bought gold coins from. They said that the US Mint has temporarily suspended the sale of 1 ounce Gold Eagles but the 1/10th ounce gold Eagles would actually resume. For the first time in a year, 345,000 coins would be made available to [...]
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 [...]
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 [...]
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 [...]
Posted in Gold on 8 September 2009
For the 6th time in history, Gold broke $1000 per ounce in the intraday market. It then settled just below it at $999/oz so its not a record but it’s still a historic moment. Indexed for inflation, Gold’s high of $850/oz back in the 80s would be equal to over $2,000/oz today.
Check out this video [...]