Gold May Have More Price Support now Than at any Time Since 1989

The Daily Reckoning The central banks of the world are changing tune. Since 1989, the banks have been net sellers of gold reserves, meaning that as a group they have sold more than they have taken in. This is an important point because the large gold sales of central banks tend toward lowering the spot [...]

Brand Disloyalty

The Daily Reckoning The US dollar is a sort of monetary brand. And like any other brand, it can fall out of favor. Even iconic brands can rapidly lose their “must-have” caché. Sometimes, a brand can disappear entirely, as did Pan American Airways or “Members Only” jackets. But there is always something else waiting to [...]

The World’s Biggest Gold Reserves

With the price of gold reaching an all-time high of over $1,050 per ounce, resourceINTELLIGENCE TV have taken the (not very novel) approach of looking at countries with the largest gold reserves As of June 2009, world gold holdings are are believed to be approximately 29,634 tonnes. But the numbers vary greatly as a percentage [...]

Gold Bullion Coin

Everyone got a good hard look at precious metals investment in action over the last two weeks, as gold repeatedly surpassed it’s all-time high on consecutive days. Now that gold prices have retreated to $1055 levels, more investors are considering an investment in gold bullion coin. Bullion coins like the modern, 22-Karat, American Eagle $50 [...]

2009 Gold Buffalo Bullion Coins

In 2009, Gold Buffalo Bullion Coins are being minted again after a one year hiatus. This is a reveres from the US Mints decision last year to stop production of this 24Karat gold coin because of the demand by investors and electronic companies for the precious metal gold. This is a change from the previous [...]

Fakeout or Breakout? Analysis of Gold in Currencies Other than USD

Przemyslaw Radomski submits: This essay is based on the Premium Update posted October 16th, 2009 In one of the previous essays I’ve drawn Readers’ attention to the fact that gold has now decisively broken above the $1,000 level, and that this profound action has important implications for all gold and silver investors. I have received [...]

Juicy Details on the US Gold Reserves

The Daily Reckoning With the spot price of gold hovering around another all-time record high today, at $1,068 an ounce, one starts to wonder if the US gold reserves could in fact help provide for the nation as its financial reckoning day gets underway. It’s doubtful but, without knowing exactly where gold is headed, it’s impossible [...]

Gold shares lagging as bullion soars

The price of gold is up over 10% in the last few weeks but share prices haven’t followed as investors remain concerned that the surge in metal prices will not last Read more….

Weekly Market Recap 10/09/09

This week, Gold broke through its all time high and set a new benchmark at $1,061.10 per ounce. Concerns about the weakened U.S. Dollar and a second economic downturn, along with increased risk of higher inflation, were the leading causes for the commodities boost this week. Other factors had an impact as well, such as [...]

The current gold price is way above average – Major

Going back hundreds of years, the average price of gold is close to half the price at which it is currently trading Read more….

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