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 …
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 …
People who own gold and people who invest in the stock market have fundamentally different goals. Gold owners are protecting a proportion of their wealth in a form that is physical, in their possession, and will always hold value. Investors put money into stocks and bonds in the hope of making big profits. But here …
Do you think the big banks have your interests at heart? Do you think the investment managers on Wall Street lie awake at night, worrying about how best to grow your family’s hard-earned savings? Do you think the government is focused on protecting the wealth of every hard-working man and woman in the country? Not …
A few years ago, World Bank chief Robert Zoellick said in an article the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” Naturally, economists and self-appointed pundits around the world called him mad, saying there is no way we …