Buying gold Archives - Page 8 of 14

What the price of gold is telling us: Protect your wealth!

Over the last several months gold prices have been rising steeply, albeit with the occasional correction along the way. Some experts are now looking at gold as being in a bubble, ready to burst, followed by a dramatic fall in price. In the words of an analyst at Wells Fargo: “We have seen the …

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Will gold prices continue to rise? Or are we ready for a big correction?

Generally speaking, I’m bullish on gold. I see prices continuing to rise over the long term. But right now, as I write this, I would feel very cautious about buying a lot more gold at current prices. I’m not saying I know what’s coming down the pike, nobody does. But I do know that …

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The collapse of the Gold Standard, and why we might want to revive it.

If you are not familiar with the history of the Gold Standard, here is a quick overview: The Gold Standard Act was passed in 1900. At this time, the value of all American currency was to be based on actual gold. Basically, you could go to a bank and exchange your paper dollars for the …

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If you are looking for an investment with an AAA credit rating, buy gold.

For the first time since 1917, S&P has reduced the US credit rating from AAA to AA+. The full implications of this change remain to be seen. But one fairly clear outcome is that many foreign investors will no longer view the US and the UD dollar as the ultimate safe haven for their investments. …

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If you don’t have the money to buy gold by the ounce, buy fractional gold coins.

These are scary times. And while we might all want to buy more gold, the price of just a single ounce is becoming very expensive.For people with tons of money, $1,600-plus may not be a big deal, but for most of us, it is. So, instead of trying to save up for months for your …

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Who is buying gold? South Korea just bought 25 tonnes of gold to diversify its holdings.

When analysts start talking about gold bubbles, I like to step back and take a look at what some of the most conservative gold investors are doing. Sure, individual investors can get carried away with a bull market in gold, and keep buying. But really conservative investors are not so easily swayed by “what’s hot”. …

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Will gold prices continue to rise for the rest of 2011?

The first thing to note about gold price predictions is that nobody really knows. None of us can predict the future. That said, it certainly looks like gold prices are set to keep rising. Yes, there have been ups and downs. If you watch gold prices by the week, day or even hour, you will …

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Even Ben Bernanke understands value of gold as a means to protect one’s wealth.

It’s as if everyone is holding their breath. This is the week we’ll find out whether or not there will be a default on the U.S. dollar. Chances are, there won’t. It most likely that some kind of compromise will be made. The debt ceiling will rise. There will be some cuts in spending. Maybe …

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Owning gold, Central Banks, and ships in stormy weather.

First, what are “central banks”? According to Wikipedia: “A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries. In contrast to a commercial …

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Handing over your money to banks and investment companies is a HUGE mistake.

In countries like China, India and Turkey – and throughout the Middle East – they trust in gold. Here in the West we trust in our banks and investment companies. Who do you think is smarter? I wrote about this in my last post, but it is worth digging a little deeper. Here in the …

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