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Herds of foolish people buy gold when the price is rising fast. Wise individuals buy during corrections.

People behave in curious ways. And human behavior when buying gold is no exception. But before we focus on gold, let’s take a look at when and why people buy just about anything. Look back to the tech bubble of the late 90s. Smart investors jumped in early. Amateur investors kept on buying as technology …

If gold prices are meant to be going up, how come they are going down?

This third week of September has been nothing short of tumultuous. Gold prices have taken a huge beating. On the face of it, the decline in gold prices appears to make little sense. It’s not as if the economic outlook in North America or Europe is getting any better. Greece is in a mess, several …

Leaked documents reveal China is buying gold to weaken the US dollar as the world’s reserve currency.

Once again, Wikileaks gives us an insight into areas most politicians would prefer stay hidden. Here is an excerpt from a cable published by Wikileaks, and sent from the US Embassy in Beijing in April, 2009: 3. CHINA’S GOLD RESERVES “China increases its gold reserves in order to kill two birds with one stone” “The …

How to profit from a ride on the gold price roller coaster.

Normally, when gold prices go up and down like a roller coaster, it’s enough to give you ulcers. But right now, with the longer-term trends still pointing upwards, dips or corrections in gold prices are a gift. They give you an opportunity to buy more gold before the next leap upwards. In the words of …

The intrinsic value of gold depends on who you are, and what you want.

Gold has a spot price value, measured in dollars. We can look at that each day and, recently, we can watch it rise and rise, seemingly with no end in sight.   But gold’s value isn`t always measured just in dollars. And that’s what makes it such an interesting, complex and sometimes confusing asset. For …

What the price of gold is telling us: Protect your wealth!

Over the last several months gold prices have been rising steeply, albeit with the occasional correction along the way.   Some experts are now looking at gold as being in a bubble, ready to burst, followed by a dramatic fall in price. In the words of an analyst at Wells Fargo: “We have seen the …

Will gold prices continue to rise? Or are we ready for a big correction?

Generally speaking, I’m bullish on gold. I see prices continuing to rise over the long term.   But right now, as I write this, I would feel very cautious about buying a lot more gold at current prices. I’m not saying I know what’s coming down the pike, nobody does. But I do know that …