Gold Haven

Marc Faber, Jim Rogers Continue to Hold Gold

Confusion over the daily fluctuation of the markets based on little snippets and tidbits of news can drive even the most astute trader or speculator batty, but in the case of gold, investors and pundits like Marc Faber and Jim Rogers aren’t confused at all, and they both say they have no intention of selling their gold, and are always on the lookout for dips so they can acquire more.Without

Continue Reading »

Gold as Currency and Safe Haven

One of the more positive results of the economic crisis we face is abn increasing number of people are better understanding the overall scheme of economics, currencies, the central banks, and gold. Gold prices today have risen to just under record levels, and that alone is good news, not just for gains made by investors, but because it reveals people in general are starting to see that

Continue Reading »

Gold Rocking on Weaker Dollar

Gold has exploded upward today, rising to as high as $1,156.35 an ounce, as the U.S. dollar fell against the euro after Germany again confirmed it stood ready to help Greece in their sovereign debt debacle. As revelations have come out that Greece is far worse off than originally thought, more concerns have risen on whether bailing them out will even help the country, which could need another

Continue Reading »

Greek Debt Pushes Gold Prices Down

The continuing debacle in Greece has investors on edge, and that has pushed the price of gold down again, as the euro continues to drop while the U.S. dollar rose today. At one point gold for June delivery had fallen by $13.50 to $1,135.30, although gold prices have rebounded some from that, and have traded from $1,133.10 to $1,149.80 throughout the day. News that the budget deficit of Greece

Continue Reading »

Buying Opportunity for Gold

With the endless amount of economic news coming out which reiterates the volatility in the market, along with continuing government attempts to manipulate things behind the scenes, like the charges of fraud against Goldman Sachs (NYSE:GS) in order to push forward their regulatory agenda, gold has a lot of opportunities to present buying opportunities, and we need to be vigilant in watching for

Continue Reading »

Gold Drops on Alcoa (NYSE:AA) Results

Gold and Oil Gold and other metals headed south today, as the results of Alcoa (NYSE:AA) disappointed; stocks also fell as investors responded to the poor performance of Alcoa, generating concerns the economy isn’t anywhere near a sustainable recovery, if it’s in a recovery at all. Long term investors in gold should be too concerned, as this is a temporary blip in the market, as gold

Continue Reading »

Gold Hits Four-month High

Gold surges to four-month highGold closed the week hitting a four-month high as deepening concerns about the Greece sovereign debt crisis refuses to go away, and investors flock to safety in concerns over all paper currencies, which less people are trusting daily and the Greece crisis has revealed, as the euro continues to take hits from its weakening position as a viable currency.Gold futures

Continue Reading »

Greece Borrowing and Gold

Gold: The New CurrencyThe finance minister of Greece announced today that the country will continue to borrow, even at the high interest rates which have increased of costs of attaining capital. It generates the question of how all of this will affect the price of gold, the yen, and the U.S. dollar.Investors are again losing any faith that is left in the country, and are very unsure as to weather

Continue Reading »

Jim Rogers: Keep Your Gold

Jim Rogers on GoldJim Rogers reminded investors in gold to hold onto it and not sell, as he maintains gold could go as high as $2,000 over the next 10 years, and those discarding it will miss out on a lot of profits.Of course it also must be considered as the best place of safety at this time, and there is no paper currency close to it for those who understand the staying power of gold.For the

Continue Reading »

Safety Concerns Drive Gold Prices Up

Greek Sovereign Debt and Liquidity Problems Drive Gold Prices UpAfter gold rose well past $1,150 an ounce today before settling below the mark, safety was the key factor driving it, and as ongoing concerns about Greece and the euro continue in the forefront, that will be the case for some time to come.There appears to be a return to a liquidity crisis in Greece, as Commerzbank is pulling it repos

Continue Reading »

Gold Considered a Currency Again

Gold the currency One good thing about the irresponsible and outrageous practices of central banks and governments around the world in debasing their currencies in order to make it look like they’re doing something to boost their economies, is the more they do it and fail, like they have been, the more investors and people who wouldn’t normally think of it, are starting to focus on gold being a

Continue Reading »

Citigroup (NYSE:C) Analyst: Gold New Currency

Filed in citigroup, Gold, Gold Haven, silver, US Dollar, US Dollar Collapse by on March 19, 2010 0 Comments

Gold New Reserve Currency Now that gold has gravitated away from it traditional inverse relationship with the U.S. dollar, it leaves people asking what’s happening, and accoring to a Citigroup (NYSE:C) analyst, what’s happening is gold is being increasingly considered second reserve currency, alongside the U.S. dollar. As the public gets more and more educated about the consequences of central

Continue Reading »