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Archive for April 2010

18
Apr

Spot Gold – 25 Percent Decline Ahead

gold nugget specimen

gold nugget specimen

The N.Y. spot gold price dropped $22 this Friday. Some gold traders feel this spot gold price drop could be the start of a possible 25% fall. It may be that  gold bugs need to take a deep breath and wait for a better opportunity to buy.

Recently, gold rose against the Euro because investors were selling the Euro and fleeing to the relative safety of gold in reaction to the Greek debt crisis. The fact that it did not rise in dollar terms showed that gold’s rise against the Euro was more of a currency centric event and not a worldwide tide as some traders have suggested. Read more »

15
Apr

Why Gold is a Good Investment

World Gold Council Managing Director Jason Toussaint on investing in gold.

pyrite clusters

12
Apr

Georga Gold Rush

gold nuggets

When one talks about the American gold rush, most think California. But, the first major gold rush was not in California,  it was actually in the North Georgia Mountains and western North Carolina. It was in Lumpkin County, Georgia, that gold panners first flocked in 1828 to seek their fortune. Later panners moved west to California to join the 49ers. Today, the popular mountain town, Dahlonega, Georgia, is still letting people pan for gold at a tourist attraction next to the local Wal-Mart. Dahlonega’s historic gold museum, in the center of the town square, not only features a film sharing the town’s history as the first major gold rush area, but also offers tourists tips for gold panning.

gold detector

9
Apr

Peter Schiff … Get physical gold/silver!

Peter Schiff on why not to invest in gold stocks/funds, but in the real physical metal!

gold prospecting videos

8
Apr

Physical Gold Investing

The manipulators are trying to prop up the dollar.  Any rise in the price of gold or silver would indicate that the USD is not a proper place for the rapidly declining wealth of the middle class.

Mother lode gold nuggets

Mother lode gold nuggets

A  reason to hold physical gold is that any non-physical gold investment vehicles (ETFs for example) can be wiped off the face of the Earth by the stroke of a pen by a regulator. Note that ETFs couldn’t exist just a few years ago…and that can easily happen again…for the good of the people of course.

Gold remains the absolute best protection against all policies of the governments of the world.

California gold nuggets