The price of gold rose again Thursday as demand for the safe haven metal exploded amid currency interventions, global growth worries and weak U.S. economic data. All of which have no end in site and could continue to drive gold up. Gold for December delivery was up $7.40 to $1,678.20 an ounce at the Comex [...]
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Gold Prices Spiking on Global Fears
Filed Under: Gold Prices Tagged With: Buying Gold, Comex and gold, Gold for December delivery, Gold prices spike
Should You Buy Gold Now?
While we’re not going to give a buy recommendation on gold right now we do think it’s one to watch. Nearly $300 off it’s high of earlier in the year, an ounce of gold may be the place to put your money during this possible inflationary time. But nobody is giving any recommendations lately. Not [...]
Filed Under: Gold Investing, Gold Prices Tagged With: Buying Gold, ETF, GLD, Gold Investing
Is Buying Gold the Safe Investement?
Buying gold right now, amidst a failed Wall Street bailout bill from congress may be the only way to safeguard your money. Banks are failing right now and that means there is a chance, even though a small one, that you could loose your money you have with those banks. Now if you have less [...]
Filed Under: Gold Investing Tagged With: Buying Gold, ETF, gold, IAU, Investing in Gold
Buy Gold In the Face of Criticism?
Should you buy gold while a lot of analysts are calling the recent high point a peak, a bubble and no chance of getting above $1000 again? While we can’t really say what you personally should do, that depends on your personal finance situation. We can give you our opinions. Look at it this way. [...]
Filed Under: Gold Investing, Gold Prices Tagged With: Buying Gold, China, commodities, India, inflation, oil, Price of Milk
Investing in Gold While The Price is Low
Buying gold right now might seem crazy to some. The price has been rising rapidly, oil and other commodities have been shooting through the roof, and theres talk of an oil bubble about to burst. So what is the common investor to do? If you ask us, we would say buy gold. Why? Inflation is [...]
Filed Under: Gold Investing Tagged With: Buying Gold, ETF, Gold Bullion, IAU, iShares, oil
Gold Buyers Looking For Deals
The dollar finally had a little bump yesterday against the Euro which sent precious metals retreating after making large moves last week. Oil has been trying to help gold buyers regain some confidence in the metal but to no avail. Gold, for the second straight day, fell $20 plus per ounce in trading. Gold stands [...]
Filed Under: Gold Investing, Gold Prices Tagged With: Buying Gold, Federal Reserve, oil, price of gold
Feds News Wasn’t Bad for Gold Buyers
Buying Gold may not be as bad as we reported that it was in this article on fed cuts affecting gold prices. Gold jumped nearly $25 on Friday. Gold is now back over $900 an ounce, and as analysts continue to predict oil heading higher, gold may still be a great buy for those looking [...]
Filed Under: Gold News, Interest Rates Tagged With: Buying Gold, Federal Reserve, gold, investing, precious metals, silver
Fed Says No More Rate Cuts, Gold May Suffer
The price of gold retreated today on the Feds announcement that they were most likely done cutting rates. This announcement came while oil continues to rise and the market remains shaky. Gold, which is one of those safe havens for dollars, especially when the dollar is weak as it is now, may suffer at the [...]
Filed Under: Gold Prices, Interest Rates, Stock Market Tagged With: Buying Gold, commodities, Federal Reserve, Gold Investing, Interest Rates, oil
Why should you buy gold mining stocks rather than gold bullion?
Gold has always held a very important position in matters of finance and a nation’s economic well-being. Gold has always been considered an asset. Women from centuries have held on to their jewelry and passed on their asset and the related wisdom to generations. Gold has been used as currency, remains a financial asset for [...]
Filed Under: Gold Mining, Gold Stocks Tagged With: Asset, Buying Gold, Gold Bullion, Gold Mining, Selling Gold