Gold trends
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 …
Got 111.5 tons of gold? If you have, the European Parliament will take it.
If you have ever wondered how close world governments are to recognizing gold as money, look no further than Europe. In a May 25 press release, the European Parliament stated: “The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming its status as a high-quality …
Who is buying gold? The Chinese are. And I’m not talking about the Chinese government.
As with any other commodity, the price of gold rises and falls according to supply and demand. And if you want to see where the demand is right now, look no further than the 1,336,718,000 inhabitants of China. Yes, that’s about one and a third billion people. According to the head of the country’s …
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 …
Who is buying gold? The Central Bank of Mexico.
The Banco de Mexico bought 93.3 tonnes of gold bullion in February and March, according to data released by the International Monetary Fund. It had previously held 6.9 tonnes. “We want to get the best risk-return balance in our investments,” Said Agustin Carstens, governor of Bank de Mexico. “Given the performance gold has had …
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 …
Owning Gold News Roundup, Feb 25th.
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 …
When investment professionals spout nonsense about gold prices…Part One.
Reading a recent commentary by Jon Nadler, of Kitco Metals Inc.- an excellent source of quality information and opinions – I was struck by this quote. “Matthew Clark, financial planner at Thomas Westcott Financial Management, said he was cautious about the hype surrounding gold. “Gold is now firmly in this camp and the rapid rise …