NEWSROOMGold Market Updates and Analysis
| Latest News |
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Gold Rises to Five-Week High as Dollar Slides to Four-Month Low
Gold rose to a five-week high in Europe on Wednesday as the U.S. dollar slid to its lowest in four months against a basket of currencies. |
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Gold Heading Above $2,000 by End of 2010 says Strategist
The price of gold will spike above $2,000 an ounce before the end of 2010 because of rising inflation, currency devaluation and the risk of a massive debt-bust spurs buying of the precious metal. |
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Life Insurance Companies to Obtain Bailouts
Gold rose for a second straight day in New York as some investors purchased the metal to hedge against financial turmoil. |
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Unwarranted post G20 euphoria drives gold downwards, but not for long
The plethora of misleading positive spin coming out of the G20 has misled the investment community into believing the worst may be over. |
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Gold futures rose slightly Wednesday
Gold futures rose slightly Wednesday as the metal's investment appeal increased with the U.S. dollar sliding and with expectations that the meeting of the Group of 20 nations may not pull the world's economy out of recession. |
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Gold rose in New York
Gold rose in New York, heading for a second straight quarterly gain, on speculation that a weaker dollar will boost the metal’s appeal as an alternative asset. |
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Russia backs return to Gold Standard
Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency. |
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China calls for new global currency
China is calling for a new global currency controlled by the International Monetary Fund. |
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Gold: the precious laggard that will hit $2,000
Soaring oil costs have pushed the gold/oil ratio to the lowest levels in decades |
LIBRARYRare Coins Information
Gold has soared over 150% in the last five years!
Now with -- continued tension in the Middle East
- the US Dollars devaluation
- major realestate and mortgage industry problems
- government, corporate and personal debt levels higher than during the Great Depression
- a negative savings rate
- and the threat of China in the years ahead
- Smart Money investors are continuing to diversify in physical gold expecting gold to challenge the 2400% gains experienced during the 1970's under less severe economic conditions.
New York Gold Price 1970-1980
Find out why Merrill Lynch expects gold to double over a five-year period.
Find out why the Chairman of the World Gold Council expects gold to "skyrocket" in the months ahead.
Also, find out why the worlds central banks, governments, and institutions have begun hoarding gold and increasing their gold holdings diversifying further out of paper investments.
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Learn how to diversify into gold, secure physical gold with an IRA or 401k, protect your stock portfolio with gold, hedge your realestate and offset a continued decline in the purchasing power of money you have in savings, checking, and money market accounts.
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