Ron Paul loves gold, which probably won't come as that much of a surprise to the retired Texas congressman's acolytes.
But how much the firebrand populist and former presidential candidate embraces the yellow metal could strike some as a bit...extreme.
Paul's investment portfolio is dedicated almost solely to hard assets, with 64 percent in gold and silver miners, 21 perce... read more
"The Federal Reserve answers only to God, but Ben Bernanke’s must not have known that his boss was such a prankster. All of a sudden here is the interest rate of 10-year Treasury paper rising like an angry carbuncle on Ben’s pale tuchus just when he thought he could sit back and watch the mud wrestling contest between Larry Summers and Janet Yellen.
Poor Ben, sedulous student of... read more
"Today’s AM fix was USD 1,365.75, EUR 1,020.28 and GBP 871.29 per ounce.
Yesterday’s AM fix was USD 1,375.25, EUR 1,031.39 and GBP 878.47 per ounce.
Gold fell $6.40 or 0.47% yesterday, closing at $1,366.60/oz. Silver edged down $0.02 or nearly 0.09%, closing at $23.16. Platinum fell $14.52 or 1% to $1,504.49/oz, while palladium was down $10.75 or 1.4% to $749.75/oz.
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Are you ready for inflation to again become the big story? Buckle up, because this is going to be an epic ride--similar to the dollar collapse and commodity boom we had in early 2008.
First of all, the set up. We are currently experiencing the biggest short-term stock market rally since the Great Depression. We have seen the S&P 500 index rally from 666 in early March of 2009 to over 170... read more
Gold was little changed after reaching a two-month high in New York on increased physical demand. Silver touched a three-month high.
Speculators’ net-bullish wager on gold-price gains rose 18 percent in the week to Aug. 13 as the contraction in short bets exceeded the drop in long positions, U.S. Commodity Futures Trading Commission dat... read more
Remember, gold moves on its own cycle. It has come down with the whole raw materials crash in China, and it’s dragged down every single raw material including rare earths, uranium, everything. But gold is different. Curiously enough we have been getting an upturn in some of these rare earths and uraniums. They seem to be moving together for some reason. The answer to that is probabl... read more
Gary now expects an explosive move higher over the next few months, in which gold should retest the September 2011 highs.
In response, I published another interview with Gary yesterday, and he spoke to those points in further detail. To listen to that interview: click read more
Gold bar and coin investment grew 78% year on year globally in Q2, topping 500t in a quarter for the first time.
David Lamb, Managing Director Jewellery, talks through the findings from the Q2 2013 Gold Demand Trends report.
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Last week at Inside the Market, we invited you to submit questions for Eric Sprott. We received over 100 questions.
We posed a selection of these to Mr. Sprott this week and present the questions and answers below. As you’ll read, the CEO of Sprott Asset Management is only becoming more entrenched in his bullish views, calling for a $2,400 (U.S.) gold price within a year. And... read more
If someone offered you $10 for your car, you would most likely be insulted at such a ridiculously low price. The obvious reason is that the value of the car is many thousands of dollars greater than the offer. Let’s assume, however, that it was the only price being bid for your car. In today’s world of instant financial journalism and the Internet, word would spread that the price of... read more
