Discount Gold Bullion

Discount gold bullion may initially sound like a correction in terms to many inexperienced household investors, but the truth is that gold bullion is not unlike any other commodity. Since gold is such a costly item, many of us don’t realize that the more gold bullion that is purchased in a single transaction, the closer [...]

Boomers Have Their Backs Against the Wall

The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]

US Mint Sales: Gold Eagles Top 1M, Proof Presidential Dollars Plunge

A month ago our US Mint sales report headline said "Presidential Dollar Sets Pass 600K." Today that picture reverses as the proof dollars withdraw to fall back below the milestone. Several other products fell as well in a week where demand for collector coins trended mostly lower. There were several exceptions, especially for coins of [...]

Uncertainty in Currencies Leads to Higher Gold Prices

Mark O’Byrne submits: Gold: Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record [...]

Don’t Trust the Dollar Strength

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

US Mint Gold Coin Prices Set to Increase Again

For the third straight week, the United States Mint is set to adjust its collector gold coin prices in response to London gold weekly price changes. Expect UHR Gold Double Eagles and First Spouse Gold Coins to rise Wednesday, Oct. 7, around noon ET by $50 and $25, respectively. These coin prices were just lowered [...]

Gold inches to above $990 on FX moves

Spot gold inched up on Tuesday to trade above $990 as the euro gained against the dollar, although investors were somewhat cautious, saying bullion may be due for a small correction. The precious metal rose towards $1 000 on Monday, but gave up some gains after the dollar accelerated its advance versus the euro, causing [...]

Indian gold purchases pick up as festive season gathers momentum

But, any correction below $1,000 will draw good buying Read more….

Ride Gold with a Miner: Northgate Minerals

Invest With An Edge submits: Precious metals are making news again. A combination of factors have pushed metals into the spotlight – especially gold. India’s wedding season is approaching along with hopes for a holiday buying spree. More important, fear of a falling dollar has caused the yellow metal to climb the charts yet again. [...]

Watching & Waiting

Bullion Vault As the US fights deflation, credit inflation is alive and well in China… The INVESTMENT COMMUNITY is divided at present as to whether the world economy faces hyperinflation or deflation, writes Puru Saxena of Money Matters and Puru Saxena Limited in Hong Kong. Some observers are convinced that the central banks’ printing press [...]

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