May began with sharp declines in all commodities as a correction was bound to happen due to a bubble in prices. The beginning of the month brought a slew of doom and gloom investors predicting a bear market for precious metals. Despite calls to sell your metals, I believed the market was still strong [...]
Chinese gold demand could rise over 22 percent in the next three years and sharply outpace domestic production, the head of the country’s largest state-owned gold miner China National Gold Group said on Thursday, signalling room for a strong ramp up in imports.
Gold production should reach 400 tonnes by 2014, a gain of [...]
Gold and silver prices were lower Thursday on mixed economic data and light volume. Gold for June delivery was down $9.70 to $1,517 an ounce at the Comex division of the New York Mercantile Exchange. The metal has stayed between $1,531.10 and $1,515.10 while the spot gold price was down $8.40, according to [...]
Bloomberg is reporting today that “most emerging-market stocks fell, with two shares dropping for every one that gained, amid concern tighter monetary policies will hit company earnings and hurt the [...]
In his press conference on April 27, 2011, Federal Reserve Chairman Bernanke dismissed inflation worries, stating that “Our expectation is that inflation will come down and towards a more normal level”. Should we believe him? Not if you want to preserve your wealth and here’s why.
Chairman Bernanke has a perfect record of making [...]
These are the final 5 reasons to purchase gold bullions. You can clink on this link to read 6-10.
Reason 1: Gold Bullion Coins Are Pure Assets
Gold bullion coins are perhaps the only true asset in the world. This is a novel concept. Let’s [...]
Reason 10: Developing Countries Love Gold
Let’s fast forward 50 years. Is the United States going to be [...]
News pundits and talking heads are using the recent fall in prices as proof that the gold and silver market is too fragile and investors should stay clear of the market. Please allow the numbers to put everything in perspective. Despite the recent fall in gold and silver prices, precious metals have still out [...]
(Bloomberg) Gold may gain for the first time in three days in New York as physical buying and concern about Europe’s debt boosts demand for the metal. European finance officials endorsed a bailout for Portugal as Luxembourg Prime Minister Jean-Claude Juncker said the region’s ministers floated the idea of extending Greece’s debt- repayment schedule. [...]
The fear of inflation is heating up as on Wednesday the Bank of England suggested that “there is a good chance” inflation will hit 5% later in the year, far above the target rate of 2%. Elsewhere, on the same day, Chinese inflation figures surprised on the upside.
A Beneficiary [...]
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