Owning gold isn’t about making investment profits, it’s about mitigating risk.

risk of hurricane

In my last post I talked about how the price of gold could very well go up significantly this year. Goodness knows, there is a ton of uncertainty out there. Here’s just a partial list of the things that give investors and risk assessment managers the shivers… – The market meltdown in China – The …

The bittersweet prospect of gold prices jumping to the moon.

gold prices to the moon

2016 has gotten off to a rocky start. Global equity markets are on shaky ground, triggered by chaos and huge declines in the Chinese markets. The “war factor” is hitting the red zone, with ongoing conflicts in Syria and Iraq, and some nasty and potentially very dangerous posturing between Iran and Saudi Arabia. Not to …

Is the U.S. planning to pay down its debt with gold?

Federal Reserve building, Washington DC

Central banks around the world continue to buy gold bullion. As I noted in a previous post, the world’s central banks purchased a total of 447 tons of gold in 2014 alone. That was the second biggest year for buying gold in the last 50 years. And it represented a 17% increase on purchasing in …

As gold prices rise, watch out for fake gold bars with tungsten cores, and other scams.

fake-gold-bar2

  As the price of gold begins to inch its way up, a whole new flood of buyers start looking for gold. (Weird thing…few people buy gold when the price is going down or stagnant. They prefer to buy when the price is higher!) Anyway, as these occasional or “amateur” buyers start looking for dealers, …

In times of emergency you need the gold coins with the highest liquidity.

emergency-gold

  Many of us who buy gold bullion coins are motivated by the desire not only to diversify our investments, but also to build up an alternative stash of “money” for times of emergency. Gold is the kind of money you can spend when chaos strikes, whether the dollar has plummeted in value, the banks …

Why geopolitical change is a strong buying signal for gold.

gold-bar-charts

If you just glance at the headlines, the world seems much as it was last year and the year before. A few wars, some trade disputes, ups and downs in the economies of various countries. Same old same old. But if you look a little closer, you’ll see the first cracks appearing in what will …