Buying gold
If you are hoarding cash, it’s time to convert it to gold.
For generations people have hoarded cash in times of economic uncertainty. For some that has meant hoarding cash in their bank accounts, while others have taken the more literal route and have stashed bank notes under their mattresses or in shoe boxes. Why do people hoard cash? It’s about feeling safe and prepared. The cash …
What the heck do summer vacations have to do with the price of gold?
If you have been following world economic news of late, you know there are lots of scary questions on the table right now. Will Greece default on its debts? What will happen if and when the U.S. hits its debt ceiling? Will the Federal Reserve announce a QE3? (Otherwise known as printing hundreds of …
How buying by China alone could push gold prices to $5,000 or more.
In my last post I wrote about how scarcity of supply, combined with potential movements into gold from stocks and bonds, could drive gold prices as high as $10,000. Well, here is another reason why prices could reach some pretty lofty heights. At a time when central banks have become net buyers of gold …
How the “multiplier effect” could push gold prices to $10,000 or higher.
As I have mentioned in previous posts, gold is unique among investment vehicles because of its scarcity. Most investments, like stocks, bonds and real estate can respond to a sudden increase in demand. For example, if there is a surge in demand for residential real estate (not likely right now), more and more homes can …
Gold: Why are experts so bad at predicting gold prices?
Turn to any business news channel on TV, or read one of hundreds of websites online, and you’ll find very well qualified experts making predictions about where gold prices are going over the next few days, weeks or months. But the funny thing is, when the next few days, weeks or months arrive, these …
Got 111.5 tons of gold? If you have, the European Parliament will take it.
If you have ever wondered how close world governments are to recognizing gold as money, look no further than Europe. In a May 25 press release, the European Parliament stated: “The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming its status as a high-quality …
The Queen’s stockbroker predicts gold at $12,000 an ounce. I hope he’s wrong.
Cazenove is a British stockbroker and investment bank, founded in 1823 by Philip Cazenove. Although the firm won’t confirm or deny its relations to the Royal Family, it is said by many that the company handles investments and wealth management for Queen Elizabeth II. What has this got to do with gold? Well, Robin …
Who is buying gold? The Chinese are. And I’m not talking about the Chinese government.
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 …