A few years ago, World Bank chief Robert Zoellick said in an article the Financial Times that leading economies should consider “employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” Naturally, economists and self-appointed pundits around the world called him mad, saying there is no way we …
I couldn’t resist grabbing this screen shot. I have been wondering whether, or when the price of gold would break the $1,400 barrier. Yes, there is a “barrier”. Breaking that round number takes some doing. Perhaps it shouldn’t be any different from breaking the $1,397 barrier – but it is. Sentiment and psychology always play …
Gold buyers and gold owners love gold. But traditional investors? Not so much. Here are three reasons why not. 1. Gold doesn’t pay a dividend. Many stock investments, in addition to offering capital growth, also often annual dividends. In fact, many investors seek out those companies which consistently pay dividends to their investors. Even when …
As you may have noticed, the price of gold has been falling this week. It hasn’t fallen enough to significantly diminish this year’s gains, but any kind of fall in price can make people nervous. The fall came about as a result of the strengthening of the dollar. When that happens, big gold investors cash …
I know, it sounds unlikely. How can one possibly use Twitter to provide an accurate forecast of gold prices over the days ahead? It may sound crazy, but researchers at Indiana University have demonstrated how they can use Twitter to predict stock prices. They haven’t tried it specifically on gold, but they have tried it …