Gold coins Archives - Page 4 of 6

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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Eff You! I own gold!

When times are tough, profanity can be a great comfort. You know how it is. You’re feeling stressed, you feel your self-control beginning to fray at the edges, bad thoughts begin to bubble up inside, and before you know it your mouth opens…and out comes that time-tested phrase, “Eff You!”. It can happen at the …

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3 Reasons why the government doesn’t want you to buy gold.

The thing about buying gold is that it takes money out of circulation, particularly when you are buying physical gold which you then store in a safe or vault. Both the government and Wall Street dislike money being spent on gold bullion and taken out of circulation for at least three reasons.And the purchase of …

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Feeling less than confident about the future? Invest in gold.

If you feel your confidence slipping, you’re not alone. Here are a couple of excerpts from commentary on a recent New York Time/CBS News poll: “Americans are more pessimistic about the nation’s economic outlook and overall direction.” “Amid rising gas prices, stubborn unemployment and a cacophonous debate in Washington over the federal government’s ability …

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Is it too late to start buying gold? Not even close.

With the price of gold rising to record levels, and with those levels being broken on a regular basis, many people are wondering whether we are due for a major correction. Well, there are always corrections after an extended rise in gold prices. Investors sell to take profits, and then buy again at the low …

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