Gold News
The gold standard was “a commitment by participating countries to fix the prices of their domestic currencies in terms of a specific price in gold. National money (banknotes) was freely converted into gold at a fixed price”. This system was adopted by the major nations such as, UK, Australia, and South Africa until 1931 and [...]
Historically when you look at the gold market it is evident that the price of gold has an inverse relationship with the US dollar. As the value of gold rises you will tend to find the dollar is weak. This isn’t always the case though because there are periods in recent years when the dollar-gold [...]
Gold bullion is a recognised weight of gold usually sold as bars or coins and is measured in troy ounces. It can be bought or sold at the current market rate and can be owned by not only banks and governments but also by private individuals. Investing in gold bullion bars in today’s current economic [...]
Shares in gold mines look set to rocket, suggests market analysts as global demand for gold bullion as a hedge investment picks up speed. Demand for gold bars in 2010 has been mainly due to anticipation of a rise in inflation, uncertainty over Greece’s debt problems and the fluctuating US dollar. More investors are looking [...]
Last week, I did an article on selling ahead of May and going away. Not surprisingly, with the stock market taking it in the neck as I write – due to the Goldman Sachs indictment and a “surprise” downturn in consumer sentiment, gold and gold stocks are also getting hammered. If you have followed our [...]
In today’s economic climate sensible advice is to buy gold as a safe haven for your well earned savings. However if you are looking for a get rich quick fix you could take the initiative and turn your hand to gold prospecting. The two main requirements to be a gold prospector are geological knowledge and the [...]
The past year has played a significant role in the performance of gold with investment for this precious metal gaining strength. The economic crisis which has gripped global economies over the past few years has been the major catalyst to get the gold market moving again. With the collapse of major financial institutions, the fluctuating [...]
Gold took a slight dip today to $1,135.30 as the Greek debt situation deteriorated and concerns were also raised over Ireland. This resulted in the Euro slipping further but the US dollar receiving a boost. The situation, however, remains optimistic. The euro zone nations are hoping that talks between the IMF, the European Commission and [...]
Kalgoolie Gold Mine, Australia’s largest mine, was closed yesterday following an earthquake in the region measuring 5.2 in magnitude. Kalgoolie is in Western Australia, 370 east of Perth. The area has over 50 mines in the region producing 75% of Australia’s gold. The Kalgoolie Consolidated Gold Mine is an open pit mine and is renowned [...]
Pure gold is a distinct warm gold colour. It is measured in Carats or Karats as the Americans would spell it. The highest carat recognised is 24 carat and the higher the carat the more superior the quality of the gold. Gold, however, is available in an array of colours. Gold is an alloy and [...]
