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 …
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 …
I’m reading an excellent book by Shayne McGuire right now. It’s called Hard Money: Taking Gold to a Higher Investment Level. In the introduction he raises an obvious, but little-discussed topic. The managers of the world’s largest investment funds and pension funds generally allocate the money they invest into equities, bonds and “other”. The equities …
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 …
Study the mainstream media and you’ll find several financial journalist who are declaring that the recent rise in gold prices means we are now in a dangerous “gold bubble”. The implication is that the bubble will soon burst, gold prices will plummet, and we’ll all lose a ton of money. But if you pause, …
Don’t get me wrong. I’m not suggesting you follow in Qaddafi’s footsteps. He’s a dictator, and deserves to be pushed out. But there is one lesson we can learn from him. He knows and has always known that things can go badly wrong for him. That comes with the territory when you’re an unpopular despot. …
It’s a dream that comes true for almost nobody – finding a giant gold nugget. Well, here is a truly huge nugget, worth over $400,000. I think I would be happy to find one worth just a tenth of that price.
Gold prices have been rising this week, largely because of concerns over Libya, and its oil production. There have been a few ups and downs in the price, but the trend seems set to continue higher…at least until things calm down in North Africa. Gold Falls From Highest Price in Seven Weeks; Silver Declines BusinessWeek …