Spot Gold Moves Back Over $1800
California Mother Lode gold nugget
spot gold price
Once again, as I’m writing this the New York spot gold prices moved over $1800 per ounce. Currently spot gold is at $1835 per ounce up $46 for the day. It seems like the last week gold has been like a yo-yo with large daily moves both up and down. Read more 
Spot Gold Price Jumps
Spot Gold Price
gold bars
As I’m writing this post the New York spot gold price has once again gone through $1800 per ounce! Spot gold right now is up $36 per ounce at $1806. Read more
Spot Gold Price Up Again
Spot Gold Price
Spot gold price as I write this, is up again, currently at $1851 per ounce! It was just on July 18, 2011 that I posted about the spot price of gold going over $1,600 per ounce!
Because of this rapid rise in the spot price of gold, I’m a little concerned that we may be on the verge of a substantial pullback.
Gold futures pushed to new session highs of $1881.40/oz. overnight, but have pulled back. “I think we’re going to see it by the end of this month,” MF Global’s Adam Klopfenstein exudes. “People gravitate towards [assets] that give them peace of mind when there’s a lot of uncertainty.” Read more
Spot Gold Smashes Through $1,800
Arizona gold nugget
Spot gold as I’m writing this is over$1,826 per ounce! It was just about 10 days ago that I wrote that the spot gold price had just broken through $1700 per ounce!
Spot Gold prices hit new all-time highs after Morgan Stanley said the U.S. would grow only 3.9% in 2011, down from 4.2%. Growth expectations for 2012 were also cut, from 4.5% to 3.8%, and the investment bank delivered another blow by saying that the U.S. and Europe are close to a recession. Read more
Spot Gold Price Up Again
gold nugget
The spot gold price, as I’m writing this, is at $1,782 per ounce.
Can you believe it was 40 years ago yesterday, August 15, 1971, that then-President Richard Nixon, instituted what he called a temporary measure to sever the US dollar’s convertibility into physical gold.
Nixon actually said: “Your dollar will be worth just as much tomorrow as it is today,” when announcing his measure to take the US off the gold standard. Now, the US dollar is worth about 50 times less than it was when Nixon announced his proclamation. So much for the government being honest with its’ citizens! Read more
