Spot Gold Over $1,300
California gold nugget
California gold nugget
As I write this spot gold is over $1307!
The gold price is making new highs as the end of the third quarter was forcing traders to rebalance their gold positions.
A weakening U.S. dollar index is providing a booster for the gold market bulls.
Gold is the ultimate safe haven and as the economy stumbles, demand for gold has grown. That’s been the case for almost a decade. In the second quarter of 2010, for instance, the economic indicators were down and gold demand was up 36%. Read more 
Gold The Bench Mark of True Wealth
California gold nugget specimen
AS long as the Federal government spends money like a teenager at a shopping mall, Gold will hit even further records.
I like reading and watching stories from those that refuse to use the word INFLATION. The fact that gold hit record highs is because of huge inflation. Some even predict Hyper inflation to come. As long as Ben and the banksters continue on this spending and printing spree there is more of that to come. Huge cost increases like the world has ever seen. Read more
Gold Nugget Holiday Sale
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2010 Holiday |
Spot Gold at $44 An Ounce
Arizona gold nugget
Gold was $44 in 1972. Now it’s roughly $1250. That’s better than a twenty-eight fold increase. In percentage terms, that’s almost 3000% whereas inflation was only 425% over this period! The price of gold increased 6 1/2 times faster than inflation! Sounds like a winner to me!!!
copper nuggets
Gold Investing vs Stock Investing
Yukon gold nuggets
Anyone claiming that gold is too expensive relative to stocks is missing the bigger picture. Commodities are in a secular bull. Historically, these periods end with a Dow:gold ratio near 1:1. A quick glance at the Dow priced in gold over the last 10 years shows several periods of crashing stock prices versus gold followed by long consolidations. We have been in consolidation for over a year and now may be on the verge of another crash in stocks in terms of real money. This move can be manifested by either a surge in gold, lower stocks, or a combination of both.
