The past few years have been interesting and challenging times for the coin and precious metals industry. The U.S. dollar price of gold has been in retreat since 2011, but we should focus on the big picture. Let’s review why gold, silver and rare coins still resonate with my clients. For many, it acts
21-Dec (WSJ) — Gold prices were higher on the London spot market Monday, as a flat dollar and thinner seasonal volumes allowed market bulls to propel prices higher following recent sell-offs in the wake of a U.S. rate rise. Spot gold was up 0.6% at $1,072.12 a troy ounce in morning European trade, having hit
Gold bars in Fort Knox, many chose the GLD ETF as an alternative to physical gold In 2004, the launch of the SPDR Gold Trust exchange-traded fund, under ticker symbol GLD, leveled the playing field of gold investing by allowing for a less expensive option than buying the physical metal. Ever since, many have come
Gold prices should appreciate after the Fed meeting this week. Gold prices have been burdened by the strengthening dollar for the past couple of years. The dollar strengthened again last week thanks to extraordinary language from the European Central Bank (ECB), but gold hardly budged while oil prices plunged. Gold’s strength appeared to be due
by Alan Greenspan [written in 1966] This article originally appeared in a newsletter: The Objectivist published in 1966 and was reprinted in Ayn Rand’s Capitalism: The Unknown Ideal An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and
These are astonishing times for precious metals. Not just because of price volatility. Underlying developments in the supply-and-demand fundamentals for physical gold and silver are currently extraordinary. On one hand, the paper market (futures contracts, etc.) continues to be heavily pressured in a bearish direction by institutional short-selling. On the other, the physical market has
For several years there has been talk of a financial and economic “re-set” coming, this is no longer speculation as the reset has already begun! The Swiss have suppressed the price of their currency, the franc, since late 2011. They pegged the franc versus the euro with a “floor” versus the euro at 1.20. After confirming this floor publicly on
It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was essentially flat in 2014, highly negative media coverage created the
Let us go straight to the key message. The long term gold chart is flashing a “buy” signal based on the technical indicator “MACD.” The chart below says it all. Mind that this is a monthly chart, which means it looks at gold from a long term perspective. This chart is courtesy of Dominic Frisby, author of Life After The