For thousands of years gold has been the money of last resort. It is the money you can trust. They can’t make more of it. They can’t counterfeit it. They can’t put extra zeros on it and pretend it is worth more.
September 11th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "gold price"
Gold, Commodities and Markets
The gold price has outperformed all other commodities and markets during the last twelve months. It’s not surprising when you look at the uncertainty in stock markets and commodities markets. In contrast gold is giving investors plenty of certainty. Last August Bill Bonner wrote in the Daily Reckoning: “On Friday, the meltdown of gold and commodities continued. Oil slipped $1.35. The commodities index, the CRB, fell below 500…
January 24th, 2009 | Kris Sayce | 1 comment | Continued
Gold Reaches One Month Low
Good news everyone. Gold has reached a one-month low. In fact, February gold futures on Comex fell the most in six weeks. They tumbled four percent on the day, down US$34. This is very good news. It means you will have a chance to buy gold at lower prices before it goes up higher later this year. Much higher, in fact, according to the 2009 forecast made by Diggers and Drillers editor Al Robinson…
January 13th, 2009 | Dan Denning | 11 comments | Continued
Gold is the Oldest Form of Wealth
We like gold here at The Old Hat Factory. We keep a little jar of gold flakes on our desk. Mainly, we like it because it keeps pace with inflation. It’s a good long-term way to not lose money. Isn’t that the aim of investing? Maintaining wealth? Keeping your nest-egg from becoming a poverty omelette? Well, gold has meant ‘wealth’ for ages. Before the economic revolution in the 18th Century, the two ideas were inseparable.
September 5th, 2008 | Dan Denning | 1 comment | Continued
How To Calculate Your Own Gold Price Projection
More than any other commodity, the gold price rises (and falls) with demand from investors; the demand from consumers and industrial users is very much a secondary consideration. Or to put it another way, what ultimately controls gold is mass psychology. If you were an investor during the Internet craze, do you recall the absolute hysteria about NASDAQ stocks? Do you remember how everyone knew about them? Do you recall the excited banter about the latest Internet company?
August 15th, 2008 | Jeff Clark | 10 comments | Continued
Lull in Gold Price Shouldn’t Deter Bullion Buyers
A little less than 12 months ago, the world’s biggest financial players suddenly found they could not turn some $1.3 trillion of their assets into cash. These assets – bonds backed by US home-buyers with low (or no) incomes – had become utterly illiquid. No one would buy or lend against them, not at any price. And an asset you can’t sell or borrow against is worth precisely nothing. The resulting mayhem? It would have sounded frivolous two years ago.
May 13th, 2008 | Adrian Ash | 2 comments | Continued
The Golden Rule: He Who Has the Gold Makes the Rules
When Britain was the world’s dominant empire, it loaded up so much gold in the Bank of England that the floor collapsed. Then, power shifted to America. The United States collected its war debts and the gold went back to the U.S.A with the doughboys.
March 5th, 2008 | Bill Bonner | 3 comments | Continued
Euro Hits Fresh All-Time Highs Versus the Dollar
The Euro hit fresh all-time highs versus the Dollar already this month – and we’re only one trading day in. So might US investors want to switch out of gold bullion ahead of Easter this year and move into the single currency instead? After all, the Euro still pays 4.0% interest per year – a feat that dumb gold could never promise or achieve – and with Eurozone inflation holding at a record 3.2% year-on-year in February, the European Central Bank (ECB) is clearly in no mood to start slashing rates now.
March 4th, 2008 | Adrian Ash | 0 comments | Continued
The Big News Last Week Came From the Currency Markets… and Gold
Soon, the price of gold will hit the $1,000 mark. Then, you will see something unusual… something exciting… something remarkable. You will see the bull market in gold enter a third stage. At first, only the goldbugs bought the stuff. At $300 an ounce… gold was a no-brainer.
March 3rd, 2008 | Bill Bonner | 1 comment | Continued
