Gold Safety

Gold Prices Close Down Below $1,200 an Ounce

In somewhat of a past pattern, gold prices today have been moving downward, mostly on what is perceived as slowing demand in India. Recent lower gold prices has began to create demand in physical ownership in gold rather than investing in the yellow metal. Typically this part of the summer is considered a slow time for gold prices, and they usually will rebound later in the year. I don’t

Continue Reading »

Gold Prices Soar Today on EU Bank Loan Loss Fears

Gold prices took off early in the day as reports from the European Central Bank said the banks in the region could experience another round of loan losses, this time up to $237 billion over the next year and a half.The uncertainty of the economic fallout from Portugal, Italy, Ireland, Greece and Spain have investors concerned over how deeply it will impact the economy, and how far it’ll spread to

Continue Reading »

Gold Future Prices Driven Up by Haven Demand

Gold futures prices are on the rebound today as a demand for a safe haven again has dominated the market, and investors invest to preserve their wealth. This was the highest gain for gold, which may be at the end of the correction, after speculators took their profits after a strong increase in price. Another reason for taking gold profits last week was investors had incurred losses in other

Continue Reading »

Jim Rogers: Gold Going Much Higher

Commodities investing expert Jim Rogers continues his mantra on being a bull for most commodities for the next decade or so, and he reiterates that position with gold, which he says will continue to be considered a safe haven again inflation from the weakening of paper currencies. With faith in fiat currencies continuing to weaken, gold has reached record levels against a number of currencies,

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 Trading at Record Highs in British pound, euro and Swiss franc

This last week had gold reaching its highest trading level against the British pound, euro and Swiss franc, as the potential for a sovereign debt catastrophe in Europe looms over the investment world and people and institutions want a safe place to have their money. It seems the depth of the latest crisis isn’t even comprehended by most, but it boggles the mind when start talking of countries

Continue Reading »

Gold Surges on Safety Concerns

Gold continues its upward climb as investors continue to keep safe-haven as the primary motivator in their investment decisions. The yellow metal hit above the $1,180 an ounce mark, and most are wondering how long it’ll take to break $1,200.Ongoing economic concerns and the potentially economic devastation of Europe with the sovereign debt crisis keeps gold as the best way to protect your wealth.

Continue Reading »

Barrick Gold (TSE:ABX), Goldcorp (TSE:G) Rise with Gold Prices

The continuing concerns over the debt crisis in Greece has investors going back to gold as a safe haven, and gold mining companies like Barrick Gold (TSE:ABX)(NYSE:ABX)and Goldcorp (TSE:G)(NYSE:GG) continue to ride the wave with them. Both Barrick and Goldcorp made nice moves upward today, as investors look for a cheaper, but safe way to invest in the metal. Even with the better performance of

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 »

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 »

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 Prices and Unemployment Claims

We’ve been talking some recently on Everything Gold about the false connections so-called financial reporters are making between alleged improved economic conditions and gold.The latest example I found was in reference to the U.S. Labor Department reporting unemployment claims dropped to 439,000 last week. This particular writer actually connected this to the reason gold prices rose during the

Continue Reading »