Articles tagged with: Gold

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 [...]

Not Owning Gold Is A Sign Of Insanity
Posted in Silver on 12 January 2011

According to Robin Griffiths, technical strategist at Cazenove Capital, “I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies which might need medical attention.” Check the CNBC video below:

I think the euro crisis might trigger a flight to US dollars and treasuries in the short term, but later [...]

Texas Fund Manager Predicts Gold At $10,000!
Posted in Silver on 3 November 2010

Shayne McGuire is not crazy, nor is he peddling any merchandise. Instead he runs a $330 million gold fund at the Teachers Retirement System of Texas. In his book, Hard Money: Taking Gold to a Higher Investment Level, he lays out the reasons why he expects gold to soar to $10,000 an ounce, as well [...]

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 [...]

Is The Demand For Gold Increasing?
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 [...]