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
Spot Gold Smashes Through $1,700
gold nugget
After hitting an all-time high of $1,718.20 at the Comex division of the New York Mercantile Exchange, the spot gold price has pulled pack a little to currently $1,702 as I’m writing this at 7:30AM Pacific time. Read more
Spot Gold Price $1,600 An Ounce
California gold nugget
As I’m writing this, spot gold in London is just over $1600 an ounce! The jump in gold, is attributed the ongoing European fears that a second aid package for Greece may not be forthcoming anytime soon. Therefore, it is a distinct possibility that Spain and Italy will be the next two European countries to face insolvency. Read more
