Gold American Eagle Bullion

Many short-term investors prefer the liquidity of gold American Eagle bullion, since our government backs these modern coins for weight, and precious metal content. These 22-karat coins contain a full Troy ounce of pure gold, and their obverse design is among the most exquisite in existence. The obverse design on gold American Eagle bullion coins [...]

Gold panning championships hark back to mining history

A recent national gold panning contest in New Zealand saw participants search for flakes of the precious metal under conditions experienced by miners a century ago. The championships – organised by the Otago Goldfields Heritage Trust – saw some 60 panners try to find as much gold as possible in the space of ten minutes [...]

Silver Prices Bounce Back in NY and London

Silver prices returned with some luster following their declines last week when prices slumped below yearly highs. The metal enjoyed weekly gains of 2.0 percent in London and 1.7 percent in New York — both closing at their at their highest weekly levels this year. New York silver futures for December delivery finished Friday at [...]

Gold, Silver, Metal Prices: Commentary – 10/26/2009

Fun(d) and Games Good Day, Dollar weakness was manifest once gain as the new trading week got underway, with the US currency recording a fresh 14-month low against the euro overnight. The greenback also slipped on the trade-weighted index, losing 0.13 to 75.31 at last check. This morning’s macroeconomic news reveals a mixed bag of confidence, one [...]

Significant Ethiopian gold deposits found

Gold deposits that could result in the production of up to 41 tonnes of the precious metal have been found in Ethiopia. Speaking to Reuters, Gebre Egziabher Mekonen of Ethiopia’s ministry of mines and energy said two firms – UK-based Golden Prospecting Mining and Midroc Gold – had found gold deposits in two separate areas [...]

Gold’s New Ally

The Daily Reckoning If you’ve invested in gold, you’re about to gain a powerful ally: pension funds. “I think the largest institutions like our own are realizing that we barely own any [gold]” Shayne McGuire, head of the Teacher Retirement System of Texas said in an interview in Hong Kong very early this morning. “The [...]

Bullion & Business Weekend Report – Oct. 24

Precious metals enjoyed modest gains on the week as the US dollar was the predominating driver of where prices went. A weaker greenback on Friday combined with lower crude oil prices helped gold slide slightly from earlier week highs. Oil did jump nearly 3.5 percent this week while gasoline prices at the pump were almost [...]

Gold, Silver, Metal Prices: Commentary (10/23/2009)

A Turkey for Turkey, The UK Lays an Economic Egg, and Russia Sells…Gold?! Good Day, Gold prices continued to remain ‘in the zone’ (the $1040-$1070 zone, that is) overnight, with little in the way of fresh market-impactful news making their way into the media stream. The US dollar remained at or very near the 1.50 [...]

Weekly Market Recap 10/23/09

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Purchase Gold Bullion

It is a widely accepted precious metal investment strategy to purchase gold bullion for physical possession, regardless of economic circumstances. Gold bullion bars and coins are a safe, discrete means of consolidating wealth, and could prove to be invaluable in the event of an emergency, should our banking system suffer any more self-inflicted trauma. Bullion [...]

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