As with any other commodity, the price of gold rises and falls according to supply and demand. And if you want to see where the demand is right now, look no further than the 1,336,718,000 inhabitants of China. Yes, that’s about one and a third billion people. According to the head of the country’s …
Can you really compare a global financial crash with an airplane crash? I think you can. Modern commercial aircraft are high-tech flying machines, flown most of the time by their onboard computer systems. But sometimes, as was the case with the Air France flight off the coast of Brazil, these planes crash. In …
The Banco de Mexico bought 93.3 tonnes of gold bullion in February and March, according to data released by the International Monetary Fund. It had previously held 6.9 tonnes. “We want to get the best risk-return balance in our investments,” Said Agustin Carstens, governor of Bank de Mexico. “Given the performance gold has had …
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 …
Gold prices have been rising this week, largely because of concerns over Libya, and its oil production. There have been a few ups and downs in the price, but the trend seems set to continue higher…at least until things calm down in North Africa. Gold Falls From Highest Price in Seven Weeks; Silver Declines BusinessWeek …
Reading a recent commentary by Jon Nadler, of Kitco Metals Inc.- an excellent source of quality information and opinions – I was struck by this quote. “Matthew Clark, financial planner at Thomas Westcott Financial Management, said he was cautious about the hype surrounding gold. “Gold is now firmly in this camp and the rapid rise …
In this week’s gold news, China is dominating the headlines. And even when not in the headline, you’ll find China mentioned within the body of most articles and news items. To find out why, take your pick from the articles below. Is China Trying To Create A New Gold Standard? Not only has China been …
Gold prices go up and down largely as a result of what is happening this week, and today. These are knee-jerk price moves, often influenced by announcements from one government department or another. As for analysts, experts and financial journalists…all they can do is make predictions based on the past. When applied to the future, …