Gold News
“People don’t trust the dollar; they don’t trust the euro, so the only way to go is to look at alternatives such as gold. It’s a safe havenâ€. This view expressed by Bernard Sim, of MKS Finance in Geneva, is a reflection of the views of many gold analysts. There is a lot to be [...]
Gold analysts appear to be in agreement over this one, the gold market at present can be confidently be referred to as a bull market. To understand this it is necessary to differentiate between the two. A bear market is seen through pessimistic eyes. If the market falls by 20% over a period of time, [...]
Many catalysts are responsible for igniting recent interest in the gold market. With the current global economic crisis in full swing, more compelling reasons for investing in gold are surfacing. Gold has stood the test of time. It is regarded as highly desirable the world over. Not only does it respond well to supply and [...]
Brokers and analysts are urging people to buy gold bullion now before the current level of supplies run out and if predictions ring true, the price of gold increases. Sales of gold bullion have improved globally in recent months. Countries such as China, India, Russia and Japan have all been seen to be investing heavily [...]
With the uncertain future of the U.S dollar, China appears to be showing an increased interest in investing in gold as an alternative option to holding dollars. This is evident when we look at data, recently released bythe U.S Treasury, which shows that China has sold off $34 billionof its U.S Treasuries (government debts issued [...]
With the Vancouver Winter Olympics well underway, curiosity turns to intrigue as to how much is an Olympic gold medal is really worth. Surprisingly, gold medals are not required to be solid gold bullion. Ironically they start off as silver and are coated in gold, with only 6% of the medal required to be gold. [...]
With the recent financial crisis in Greece, stretching through to Spain and Portugal, the question which arises is how far this Greek tragedy will put the future of the Euro in question? With rising unemployment, incompetent bureaucratic decisions and possible corruption, Greece finds itself with a huge budget deficit. This in turn has placed an [...]
Despite anticipated disruption in market trading due to the Chinese New year and Presidents Day in the U.S, which led to the markets closure on Monday, the price of gold still ended yesterday at a high of $1120.60. One of the reasons that can be attributed to the recent rise in the price of gold [...]
Over recent years China has taken full advantage of its natural gold supply and has developed an industry which can now boast being the world’s largest supplier of gold bullion, overtaking South Africa and Australia. Much of Chinas success can be attributed to their development of smaller mines which allows them to concentrate on mining [...]
Over the past three years, the market has seen the value of gold jump from $400 to $1,100 per ounce. Some analysts are forecasting that the price of gold will continue to rise in 2010 making it a good time to invest your money in gold bars. This speculation is fuelled by gold’s relation to [...]
