Gold News
An interview with Karen Roche of The Gold Report Economic recovery? What economic recovery? Contrary to popular media reports, government economic reporting specialist and ShadowStats Editor John Williams reads between the government-economic-data lines. “The U.S. is really in the worst condition of any major economy or country in the world,” he says. In this exclusive [...]
Although Gold Prices are at an all-time high in nominal terms, they are still nowhere near their highs in real terms – of about $2,500 (depending on how much credibility you give the government’s CPI numbers)– reached in 1980. Gold sentiment is still quite subdued among the public. Most of them barely know it even [...]
Silver American Eagles and Canadian Maple Leafs are sold out at their respective mints. Buying in India has gone through the roof. This is especially noteworthy among a people with a strong historical preference for gold. Demand in China continues unabated. Silver stocks have screamed upward. So, as an investor looking to maximize my profit, [...]
Currency protection, inflation hedge, store of value, calamity insurance…Many of gold’s investment uses are becoming clichés even in mainstream articles. Throw in the supply and demand imbalance, and you’ve got the basic arguments for why one should hold gold for the foreseeable future. All of these factors remain very bullish, in spite of gold’s 450% [...]
The numbers for silver demand are starting to make some market-watchers nervous. The U.S. Mint sold over 6.4 million silver Eagles in January, more than any other month since the coin’s introduction in 1986. China’s net imports of silver quadrupled in 2010, to 122.6 million ounces, roughly 13.7% of global production. Meanwhile, mine production can’t meet worldwide [...]
Most cautionary tales of gold hearken back to January 1980, its last major peak. Though there are important lessons to draw from this period, I don’t think that’s the best guidance in today’s market. For one thing, the 1980 speculators were in some ways wrong. The same things that concerned investors then concern gold investors [...]
