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Posts tagged ‘gold market’

25
Apr

GOLD PRICE SOARS TO RECORD HIGH

Gold rallied above 1,500 US dollars an ounce for the first time last week , extending it’s run of record highs as investors sought to hedge growing inflation risks and bought into a broad commodities rally.

gold prospecting equipment

3
Dec

Why Invest in GOLD

gold nugget

gold nugget

You and your family are going broke right now and you don’t even know it. When the gold standard was set in place the price of gold remained a constant $20.65 per ounce and fluctuated only one penny over the years 1833 to 1890. This means that for 57 years the US dollar was literally as good as gold. This is the way the US currency was designed to be, from the very beginning. Read more »

11
Sep

Spot Gold Price – About to Fall?

gold nugget - spot gold price

Many “hot” investments go down much faster than they go up … once they finally turn down. I think more market participants, especially the big boys, are buying put protection when it’s cheap (and I believe low interest rates are a factor in making it cheaper than the norm) which interesting enough, helps build the slow grind up a little bit more. But once there’s a real (often unforeseen by the crowd) catalyst, it can be very painful for those arriving late to the party.

Crystalline gold

9
Aug

Jim Rogers Gold Investing

Investor Jim Rogers gold at $2,000?

copper nuggets

20
Jul

U.S. Gold

gold bars

gold bars

The percent of USD currency backed by gold is currently below even the low point of the 1970s secular bull market starting point, this even with gold now in triple-digit territory and at an all-time high near $1,200 per ounce! Using the same type of analysis on a global perspective, all of the international reserves of the world are only backed by gold in the low double-digits, requiring a gold price of $7,321 per ounce for 100% backing.

California gold prospecting