Gold prices Archives - Page 3 of 10

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

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 …

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Gold seems to have lost its narrative.

Whether you are talking about commodities, stocks, bonds or anything else you care to invest in, their prices are impacted by narrative. And by narrative, I mean the stories people tell. For example, without the bold, upbeat and optimistic narratives coming out of the world’s central banks right now, the state of the global economy …

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Umbrellas cost more when it’s raining. And so does gold.

Buy an umbrella before it rains, and gold before the next recession

Nobody thinks about buying an umbrella when the sun is shining and the sky is blue, without a cloud in sight. If we were totally rational beings, that would be odd. Because we know for a fact that it’s going to rain one day. And we know if we don’t have an umbrella before the …

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When evaluating gold, forget the markets and look to the Central Banks.

bank of England, the British central bank.

If you are a trader or speculator in gold, by all means listen to the markets. Your task as a speculator is to make money from the ups and downs in the short-term price of gold. However, if your primary aim is to own gold as a hard asset, you are playing a longer-term game. …

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During times of global uncertainty, buy more gold.

When should you be buying more gold? Some people make this decision very complicated, listening to analysts on a daily basis, scrutinizing technical charts, and so on. That’s not how I make my own buying decisions. First off, I’m not a trader or speculator in gold. I’m an owner of gold. I buy physical gold …

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Why physical gold is probably worth a lot more than you think.

It would be reasonable to think that the price of gold is determined solely by the supply and demand of the physical product – gold bullion. But that is not the case. Most of the “gold” traded each day is paper gold, not physical gold. This paper gold is traded in the form of ETFs, …

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Owning gold – a small downside with a huge upside.

When you invest money there is usually a reasonable upside and a huge downside. Just ask anyone who invested their savings in Enron or with Bernie Madoff. Yes, those are extreme examples. But there are thousands of other cases where honest people invested their savings in the hope of a reasonable growth in their savings, …

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Max Keiser tells George Soros to buy more gold.

It’s easy to dismiss Max Keiser. In fact, pretty much of North America’s media do. He has even been called a traitor for painting the economy in such a consistently negative light. But he does have a huge audience, mainly through European media plus, of course, YouTube. And it would be a mistake to dismiss …

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How will the U.S. elections impact the price of gold?

The election will likely have little to no impact on the price of gold. At the most, we might see some jumps up or down, depending on the sentiment of investors just after election day. To put too much emphasis on the election results makes the mistake of assuming that gold prices are driven by …

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Why gold price experts are almost always wrong.

And why, when they are right, it’s just dumb luck. Let me explain. First of all, analysts who want to appear on TV, and financial journalists, need to have something to say. You can’t be a guest on TV or have a financial column if you don’t have something to say each day. And they …

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