Gold bars Archives - Page 3 of 5

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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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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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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Who is buying gold? India’s gold and silver imports leap by 500%.

A while ago I wrote about how the Chinese people were buying more and more gold coins and gold bars. Here is an excerpt from that post: “The total amount of household savings invested in gold has grown from about $200 billion in the late 1990s to $1.2 trillion in 2010. Jewelry demand alone has …

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The one question you MUST ask before storing your gold in a safety deposit box.

The first few times you buy a gold coin, there is an overwhelming temptation to store it at home. Heck, it’s gold, and you want to be able to take it out and see it from time to time. And that’s fine. But even if you don’t buy any more gold for a while, you …

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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 …

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Gold and silver are money. Everything else is credit.

That headline is a direct quote from J.P. Morgan. He was and is right. When you hold a twenty dollar note in your hand, it isn’t money. As it says right at the top of the face of the bill, it’s a Federal Reserve Note. It’s simply a note from the Federal Reserve that promises …

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The next big financial crash may happen for the same reasons that airplanes crash. (And if it does, you’ll be thankful you own gold.)

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 …

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If you own gold as a hedge, stop worrying about gold prices.

Before you buy more gold you need to make up your mind about something. Are you buying gold coins and bars as a hedge against future events? Or are you buying gold as an investment? If you are buying and taking physical possession of gold as a hedge against some future downturn in the …

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Central banks are buying gold again. And you should too.

Is there anything unusual about central banks buying gold? Historically, if you go back far enough, no. In fact, the gold that central banks used to store in their vaults was the physical security they held for the paper money they printed and put into circulation. But for almost a generation now, central banks …

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