Is it a wise decision to buy gold at present? The asset – famously given as one of the gifts of the magi – is seen as the ultimate “safe haven” investment in times of political instability, economic turmoil or rising inflation. Given world events this year – the Arab Spring, financial crisis in the [...]
On the economic front we see that for the month of October personal income had gained 0.4% while spending had increased 0.1%. For November, economists polled by MarketWatch had expected personal income to gain 0.2%, and for spending to also rise 0.2%. Meanwhile, there was no growth in November for the price index for personal [...]
Gold fell short in its run toward $2,000 an ounce this year, but one year’s failure may lead to next year’s success — or at least another good shot at it. Gold futures prices reached a record close near $1,900 an ounce in August and year to date, they’ve gained 13%. Still, many analysts had predicted [...]
Gold extended its record bull run in 2011 for an 11th year as confidence in the world’s financial leaders and their stewardship of fiat currencies plummeted. At the start of 2011 gold carried a spot price of $1,432.10 per troy ounce. By Sept. 6 it was worth $1,923, a 34 percent increase and a nominal record [...]
Those of us who are buyers and believers in the long term continuing secular rise in resource equities are going through a time of testing. The marketplace will present participants with years such as 2011. We reiterate our guiding principles at precisely these times that tests our basic mission statement. First and foremost is the [...]
Gold fell in New York for the third straight day on speculation that a stronger dollar will curb demand for the metal as an alternative asset. The dollar rose as much as 0.1 percent against a basket of currencies, before paring gains, as a slower-than-expected expansion of France’s gross national product fuelled concern that the [...]
Gold demand in India, the world’s top buyer, remained subdued on Friday after prices edged higher, tracking a rebound in the world market and as the local currency pared early gains, dealers said. The most-active February gold contract on the Multi Commodity Exchange was 0.24 percent higher at 27,764 rupees per 10 grams by 4:44 p.m. “Demand [...]
Jim Hitt, CEO of American IRA, is responding to a question that is growing in popularity–should people invest in silver? The decision as to whether to invest in Silver and Gold is as personal a decision as whether one prefers to wear silver or gold. The answer will vary depending on that persons personal preference. [...]
Another correction has fallen upon precious metals and sentiment has turned extremely bearish in the past month. Mark Hulbert has reported that gold bugs are throwing in the towel, with his Hulbert Gold Newsletter Sentiment Index (HGNSI)hitting a record low of just 0.3%. This reading means that the average gold timer is essentially keeping all [...]
The inflows into gold-backed exchange-traded funds that helped drive bullion demand sharply higher during the financial crisis have more than halved this year, according to Reuters data, and are unlikely to recover in 2012 as appetite grows for other assets. Sales of products such as physical bars and coins are likely to firmly underpin gold [...]
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