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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 …
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 …
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 …
When the world’s major fund managers turn to gold, the price will rise dramatically.
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 …
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 …
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 …
Relax, rising gold prices don’t mean we are in a gold “bubble”.
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, …