Gold gained $13.80 or 1% yesterday to $1,394.80/oz and silver also finished up 0.72%.
Gold rose to a one-week high, as the dollar and stocks retreated after another 5% plunge in Japan’s Nikkei. Silver, platinum and palladium advanced also.
Physical gold demand remains robust internationally and supply issues in Singapore have led to premiums reaching a record high there.
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For years now, the collapse of the dollar has been in the cards. Recent developments show mounting pressure on the dollar’s reserve currency status. With a major international deflation going on, the threat of inflation through money printing is unreal. However, should the dollar’s reserve currency status end, the repatriation of trillions of petro- and eurodollars could lead to a... read more
The price of gold hit an eight-day high Thursday, boosted by a newfound enthusiasm for the metal as a hedge against wider market insecurity as investors wonder if, and when, the U.S. Federal Reserve might at last begin to wind back its vast program of stimulative asset purchases.
Spot gold rose to $1,410.73 a troy ounce in early European trade, up 1.3% on the day and its highest price since... read more
Investors should have gained confidence from Ben Bernanke’s recent testimony to Congress that the Federal Reserve... read more
According to the Royal Canadian Mint's newest quarterly report just released, Gold and Silver Maple Leaf sales increased substantially Q1, 2013. During the first quarter of 2013, Silver Maple Leaf sales were up 65% at 6.6 million ounces compared to 4 million ounces during the same period last year.
The Royal Canadian Mint had a total of 18.1 million Silver Maple Leaf sales in 2012... read more
MADRID (MarketWatch) -- Gold prices shot higher on Thursday, aiming for a second straight day of gains, as the dollar tumbled below a key level against the Japanese yen, coinciding with another big drop for stocks in Japan.
Gold for August delivery GCQ3 +1.42% rose $15.10, or 1.1%, to $1,406.90 an ounce i... read more
To an extent that reveals a thorough misunderstanding of the market forces, the financial media has failed to consider the different motivations and beliefs that drive the different types of investors who are active in the gold market. By treating the gold market as if it were comprised of just one type of investor, analysts have drawn false conclusions about the recent volati... read more
That voice! All a'quiver with the dread of self-knowledge that it is confabulating a story, much like the "money" that his Open Market Committee spins out of the increasingly carbonized air. His words fill the vacuum of the collectively blank American mind, where hopes and dreams spin like debris in an Oklahoma twister, only to fall incoherently on a landscape of man-made ruins. If F... read more
This is the second installment of our series on inflation in the economy. In the first installment, we defined inflation, examined its causes and delineated where I believe inflation may be headed (10%, based on the size of the U.S. money supply). Since that writing, the Federal Reserve has announced the purchase of another $600 billion in U.S. Treasury bonds. This should provide excellent “k... read more
Christian Baha, the head of Austrian fund firm Superfund and representative of the hedge fund industry in Oliver Stone movie Wall Street 2: Money Never Sleeps, is predicting that the gold price could rise to between $3,000 and $5,000 over the next five to 10 years.
Baha, who says he has more than half his personal... read more
