Buying gold
Gold prices are influenced by both ‘fear trade’ and ‘love trade’.
Figuring out movements in gold prices is never an easy task. One of the things that complicates the pressure on price movements is the unique attribute of gold as a personal possession. Frank Holmes, CEO of U.S. Global Investors, talks about two different types of trade in gold. First, there is the fear trade. …
Don’t let investor sentiment get in the way of your long-terms plans for gold.
This has been an odd week. The price of gold has taken some hard hits. How come? Because investor sentiment is bullish for greener pastures. In other words, they feel suddenly optimistic about the chances of making more money by selling gold and investing in the stock market. Why do they feel that way? Well, …
When you’re not sure who or what to believe, you can always believe in gold.
Here is a great quote, attributed to George Bernard Shaw, the Irish playwright and a co-founder of the London School of Economics. “You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect to those gentlemen, I advise you, as long …
How you feel about daily gold prices depends on your vision of where the world economy is headed.
Daily gold prices go up and down. It’s true of gold, of other commodities, and of stocks and bonds. The key to gold ownership is to ignore these ups and downs. Also, ignore the larger corrections, which can see the price of gold fall by several percentage points. These price changes and corrections give traditional …
Why China is buying so much gold.
Ten years ago Chinese investment gold demand – demand not related to jewelry, etc – was about 3 to 4 tons a year. By 2009 it had grown to 45 tons. Shen Xiagrong, chairman of the Shanghai Gold Exchange, recently revealed that China’s gold imports had rocketed almost fivefold so far this year, to 209 …