Gold prices
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 …
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 …
John Paulson predicts gold prices will go as high as $4,000 an ounce
Who is John Paulson? He is the founder and president of Paulson & Company. He made billion of dollars for his hedge fund by betting against the U.S. housing market. Some of his key investments were shorts against U.S. and European banks with exposure to toxic mortgages. He had had successes before that. But …
7 Fascinating facts about gold – and why they matter.
Before we get into why they matters, and actually influence gold prices globally, here are seven interesting facts about gold. 1. There are only 165,000 metric tonnes of gold in existence above ground. Gold is rare. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold …