Plenty of people think gold will make them rich if and when we dive into total economic collapse. The theory goes that if paper money becomes worthless, the value of gold will skyrocket. Suddenly everyone with a few gold coins in hand will become immeasurably wealthy. Well, there is a problem with that scenario. …
People behave in curious ways. And human behavior when buying gold is no exception. But before we focus on gold, let’s take a look at when and why people buy just about anything. Look back to the tech bubble of the late 90s. Smart investors jumped in early. Amateur investors kept on buying as technology …
Once again, Wikileaks gives us an insight into areas most politicians would prefer stay hidden. Here is an excerpt from a cable published by Wikileaks, and sent from the US Embassy in Beijing in April, 2009: 3. CHINA’S GOLD RESERVES “China increases its gold reserves in order to kill two birds with one stone” “The …
National central banks buy gold bullion for the security it provides. While currencies can become devalued to such a degree that they become almost worthless, that won’t happen to gold. Gold prices may rise and fall, but they will never fall to zero. In fact, at the exact time that paper currencies go into free-fall, …
Mike Maloney is the founder of GoldSilver.com and, in addition to selling gold and silver, he is a big educator and advocate, particularly when it comes to gold. In this video he looks at the rise in the US of the monetary base, combined with total revolving credit. What’s that about? It’s a measure of …
First, let me qualify that headline by saying this applies only if gold continue to at least hold its value. If the price of gold suddenly drops significantly, then your savings will take a corresponding hit. So while using gold as vehicle for savings has been a good bet for several years now, there is …
When was the last time your investment advisor recommended you buy physical gold in the form of gold bullion coins or bars? I’m pretty sure he or she never has. How come? The quick and simple answer is that your investment advisor won’t make a penny on the transaction. They won’t get a commission. Nor …
Normally, when gold prices go up and down like a roller coaster, it’s enough to give you ulcers. But right now, with the longer-term trends still pointing upwards, dips or corrections in gold prices are a gift. They give you an opportunity to buy more gold before the next leap upwards. In the words of …