Year-to-date, the price of gold has gone down almost 11%. After hitting a low of $1,352.60 per ounce on April 15, 2013, gold jumped 8.1% last week on strong demand from Asian markets. On the other side, there are also clear cut signals from the futures markets.
In this article I look at the recent happenings in the gold market and whether the current dip in the more »
When one thinks about prospecting for gold, images of miners with pick axes and water pails, trying to fill a small nylon bag spring to mind. Investing in gold has evolved greatly, from paying high commissions to coin dealers to buying on futures contracts or investing in mining companies to today’s preferred method of buying gold: an exchange traded fund.
Exchange traded funds are investment funds that, similar to more »
In The Wizard of Oz, Dorothy knew if she followed the yellow brick road, she would meet the wizard who would lead her home to Kansas. For those of us following the gold sector, the future is not as clear-cut.
Analysts at Goldman Sachs are currently recommending shorting gold, reversing the firm's long position on the metal, which it's held since October 2010. Goldman has reset its year-end more »
Gold’s dramatic drop in the last few trading sessions has prompted a wave of gleeful responses from gold bears. In a blog post entitled Buying Gold is Not Investing, Andrés Cardenal repeats many of the cliched criticisms of the precious metal -- it isn't an investment, it gives no return, etc.
Yet, these criticisms miss the larger point: The purpose of gold is not to provide growth, but rather more »
Gold’s dramatic drop in the last few trading sessions has prompted a wave of gleeful responses from gold bears. In a blog post entitled Buying Gold is Not Investing, Andrés Cardenal repeats many of the cliched criticisms of the precious metal -- it isn't an investment, it gives no return, etc.
Yet, these criticisms miss the larger point: The purpose of gold is not to provide growth, but rather more »
Gold has enormous masses of followers and even fanatics who think that it's the best possible investment someone can make in the current economic andpolitical environment, perhaps even the only reasonable one. Especially now that volatility has increased and the price of gold has taken a serious hit, the discussion is getting more intense and louder than ever.
Gold bulls are pointing fingers and talking about price manipulation more »
Gold has enormous masses of followers and even fanatics who think that it's the best possible investment someone can make in the current economic andpolitical environment, perhaps even the only reasonable one. Especially now that volatility has increased and the price of gold has taken a serious hit, the discussion is getting more intense and louder than ever.
Gold bulls are pointing fingers and talking about price manipulation more »
Gold has enormous masses of followers and even fanatics who think that it´s the best possible investment someone can make in the current economic andpolitical environment, perhaps even the only reasonable one. Especially now that volatility has increased and the price of gold has taken a serious hit, the discussion is getting more intense and louder than ever.
Gold bulls are pointing fingers and talking about price manipulation more »
When I was a kid I used to go to the local coin shop with money that I earned mowing lawns and buy an ounce or two or five every now and then – usually about once a month. Gold was too expensive for a kid from a middle class family. But back then an ounce of silver was around $4 – $5 compared to the $30 that it is today.
The meteoric rise of gold following the 2008 market collapse had many investors and hedge funds managers clamoring to beef up their holdings. More than four years later, however, the spot light on the precious metal has died in lieu of a recovery across many of the indexes. Have managers given up on gold, or do they see these calmer times as reasons to hold on, or possibly accumulate more more »
What is yellow and holds a lot of value? What is George Soros betting big on? What does every Austrian economist love?
GOLD!
PRINT PRINT PRINT!
Last week Ben Bernanke said in his press conference that the Federal Reserve would do another round of bond buying or QE 3, but this time it is open ended and will continue to happen unless there is a meaningful reduction in the more »
If you had bought gold around 2008 and 2009, when it was trading at about $800 - a new high at the time - as the recession was causing all other assets but Treasuries to drop in value, you would have doubled your investments today with gold hovering above $1,600. From 2001, around the time of the last U.S. recession, till 2011, gold has not posted a loss in a more »
“I may be crazy but it keeps me from going insane.” – Waylon Jennings
Leftist candidate for the Greece Prime Minister spot, Alexis Tsipras (see-praas), has been reported to be willing to drive the country out of the Euro with a proposal to reject an international bailout. New Democracy leader Antonis Samaras, was seen on Greek TV (some austerity, huh), claiming Tsipras was looking for friends in low places to align more »
Some investors want to Muppets when it comes to certain areas of the markets. Here are three ETF products that provide convenience and expertise in bonds, gold and commodities.
Precious metals are among the most popular investment avenue lately but most investors shy away either due to large investment amounts or difficulty (aka security issues) in holding on to the physical commodity. This is another place where ETFs come to the rescue! Easy to buy and sell, and also to hold. For investors interested in owning precious metals, here's are 5 of the best choices if you're more »
