Despite an end to the four-day rally for gold prices, gold is still set for a 0.4 percent rise this week. That brings the gains for the month to 0.7 percent. Although gold prices remain nearly 2 percent south of early May’s record highs, I fill the stagnant prices bold well for gold.
Spot [...]
Come June 30th, with the supposed end of the “I’m not printing money” money printing that is quantitative easing, the US government will have lost, in theory, two of its biggest buyers– the Federal Reserve and Japan. And with both China and the OPEC nations slashing their own Treasury purchases, it leaves one simple [...]
Eric Sprott is CEO of Sprott Asset Management and a long-time proponent of owning both gold and silver. He is also a long-time proponent of the belief in the conspiracy theory whereby large financial institutions are colluding to drive silver prices down, as when prices fell from around $50 to $32 an ounce in [...]
Peter Schiff explains how to ride out these economic hard times:
“It’s very simple. The fed is giving us a clear road map. My investment strategy is based on the Fed continuously doing the wrong thing. So far, every time I have voted on the fed doing the wrong thing I have never been disappointed [...]
As I look to the worlds economy is no surprise that gold and silver prices were clawing higher Wednesday on modest safe haven buying.
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 top 10 reasons (Part 1) why I personally believe it is important to buy gold bullion coins. I will begin with the 10 through 6 today and give you the rest tomorrow.
Reason 10: Developing Countries Love Gold
Let’s fast forward 50 years. Is the United States going to be [...]
SAN FRANCISCO (MarketWatch) — Gold futures rose to a nearly three-week high on Tuesday, extending gains after China’s central bank raised interest rates to cool inflation pressures, while other metals followed suit. Gold for April delivery rose $19.20, or 1.4%, to $1,367.50 an ounce on the Comex division of the New York Mercantile Exchange. A close [...]
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