Gold News
After the tales of silver shortages over the past few weeks – the Canadian Mint reporting that “silver is becoming very difficult to source” – and the ongoing silver backwardation, is it now the turn of gold supply to become tight? News out of Egypt over the weekend is that it has just banned all [...]
When other investments are experiencing periods of volatility gold provides a solid safe haven. For example, last year alone the price of gold rose by almost 30%. It’s been suggested that gold should make up at least part of any financially savvy individuals investment portfolio with many analysts suggesting that it should make up at [...]
The recent rebound in gold prices, coupled with a buoyant (well, until this week, anyway) equity market, prompted many investors to wonder if their fortunes would be better hitched to mining stocks than bullion. Based on the performance of large gold producers over the past three months, the answer’s an unqualified “maybe.” A little explanation’s [...]
One of my best friends recently discovered, to his shock and dismay, that five one-ounce gold coins had been stolen from his home. I feel especially bad because I had encouraged him to buy some physical metal, giving him some tips and pointing him to the better dealers. What’s especially disconcerting about the theft is [...]
Consider this: the China Mint will likely limit its 2011 production of One-Ounce Silver Pandas as it does every year. To how many? Who knows! But I doubt it’ll be as high as the quantity of Silver Eagles (the American equivalent to the Silver Panda) struck by the U.S. Mint—30+ million in 2010! Only a [...]
According to recent reports older investors are turning to physical gold bars to protect themselves from soaring inflation. In turn this has led a leading UK pension provider to add a specialised bullion buying service to its SIPP. Apparently, older investors are demanding real physical gold rather than gold as part of a fund. Rising [...]
Back at the start of February we wrote: For the past few years, using the 200 daily moving average (DMA) as a guide for good support in the price of gold has been very useful…The most recent healthy correction will be no different. After reaching the £910 level we’re currently trading around £825 – more [...]
A huge opportunity to hedge against both inflation and deflation is lying out there in the open. There are no transaction costs and right now there’s even a built-in discount. But most people will never realize any of this. In 1933 President Franklin Delano Roosevelt signed Executive Order 6102, which made it illegal for U.S. [...]
The silver price has bounced 15.3% since January 28, a strong advance for a measly 13 trading days. It’s already inched past its 2010 high and was selling for less than $16 this time last year, a near double in 12 months. So, is it pricy? Or should we ignore the run-up and keep buying? [...]
In an interesting bit of news in the gold markets, the most recent week’s reporting saw a drop-off of fund investments of the yellow metal. For the first time in over a year, gold ETFs saw a substantial net outflow (greater than 1%). Totaling 53 tonnes, or 2.8% of total ETF gold holdings, the drop [...]
