In fact, demand for gold is so high that “Sales in the United States of the one-ounce gold American Eagle coin, minted from gold bullion, soared more than 400 percent in 2008 over previous sales to 710,000 ounces”…
April 21st, 2009 | Mogambo Guru | 20 comments | ContinuedAll Posts Tagged With: "gold bullion"
Greatest Economic Disaster in Recorded History
“The coming great inflation will destroy America’s economic leadership. It will lead – eventually – to the return of settling international obligations in gold instead of paper dollars. And this will happen much faster than anyone expects.
April 16th, 2009 | Porter Stansberry | 10 comments | Continued
When Gold Ruled the Earth, Part I
NO FOOLING! It doesn’t matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade.
April 2nd, 2009 | Adrian Ash | 3 comments | Continued
Prices of Gold in the Top 10 World Currencies
After failing to breach $930, this collapse marked the third step lower from March’s all-time high of $1,032. And from a technical perspective, the Gold Chart looks horrible – recording lower lows and lower highs for the last six months and more. Right? Well, fact is, the action has actually been greatly muted if we allow for the shocking volatility in gold’s No.1 competitor for “safe haven” funds, the almighty US Dollar. Read on…
October 30th, 2008 | Adrian Ash | 5 comments | Continued
Gold Bullion’s New 14-Year High
With the Dow Jones index dipping below 9,000 last week, the price of gold held near $850 an ounce – at least until last Thursday’s AM Gold Fix in London. (It’s since lost $100; more in a moment.) So the Dow/Gold Ratio – which simply divides the one by the other, thus pricing the Dow Jones Industrial Average in ounces of gold – fell to a little above ten, making the 30 stocks of the DJIA cheaper in Gold Bullion terms than at any time since January 1995…
October 23rd, 2008 | Adrian Ash | 0 comments | Continued
Why Choose Gold When Real Interest Rates Sink?
You can link the historic surge in gold prices starting mid-August 2007 to many apparently disparate things. Pick the right link, and you might be able to tell whether it’s worth you buying or holding gold today. One such link is the price of money, as decided by the US Federal Reserve. Gold’s stellar 58% gain in the seven months starting 18th August began with the Fed’s first change to US interest rates in 18 months…
April 16th, 2008 | Adrian Ash | 2 comments | Continued