Gold prices surged 1.8% to close at $1,340.70 an ounce yesterday as investors sought the safety of the yellow metal. Despite the slight fall in gold prices so far this year, gold has had an incredible run in recent years. An article in The Wall Street Journal takes a bearish view on gold suggesting that …
Continue reading ‘Relationship Between the Price of Gold and CPI’ »
Individual small investors have traditionally avoided investing in commodities since they are extremely volatile. However in recent years Wall Street has made investing them pretty easy via ETFs and other products. Heavy marketing and the crash of equities in the past few years have only attracted more ordinary investors into this sector.One of the commodities …
Continue reading ‘One Disadvantage of Investing in the SPDR Gold Shares ETF’ »
In the past few years Gold has become a much-talked about and safe-haven asset class. Investors have been piling into gold due to the credit crisis, collapse of equity markets, Greek debt crisis, continued devaluation of paper currencies and more recently the newly announced QE2 which will depreciate the value of the dollar further. As …
Continue reading ‘Is Gold the Best Asset Class for All Economic Conditions?’ »
Gold prices have continued to rise since the July low of $1,160 an ounce. After the Fed’s meeting on Thursday, prices rose sharply and continued to go even higher on Friday and closed at $1,393.21. A Reuters article says that gold prices should continue for at least another six months. From the article: “Gold’s record-breaking …
Continue reading ‘Top 10 Gold and Forex Holding Countries’ »
Gold futures increased more than 1% today. Gold for August delivery added $14.80 to settle $1,213.50 an ounce on the New York Mercantile Exchange. Prices reached a record high last month ending at $1,264.90 on June 21. On January 4, 2000 the price stood at $281.50 an ounce. As the global economic conditions continue to …
Continue reading ‘Jim Rogers: I Will Hold Gold Till $2,000’ »