The thing about buying gold is that it takes money out of circulation, particularly when you are buying physical gold which you then store in a safe or vault. Both the government and Wall Street dislike money being spent on gold bullion and taken out of circulation for at least three reasons.And the purchase of …
If you feel your confidence slipping, you’re not alone. Here are a couple of excerpts from commentary on a recent New York Time/CBS News poll: “Americans are more pessimistic about the nation’s economic outlook and overall direction.” “Amid rising gas prices, stubborn unemployment and a cacophonous debate in Washington over the federal government’s ability …
With the price of gold rising to record levels, and with those levels being broken on a regular basis, many people are wondering whether we are due for a major correction. Well, there are always corrections after an extended rise in gold prices. Investors sell to take profits, and then buy again at the low …
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, …