paper-currencies

Gold Prices Up for Third Straight Week

Gold prices were up by $11.80 today, hitting $1,229.50 at 12:44 PM EDT, heading for gains for the third week in a row. Recent pullback in prices has brought another buying opportunity, and investors are taking advantage of it by buying on the dips. Over the last couple of days gold have fallen by just under 2 percent, after breaking another record earlier in the week of $1,254.50 an ounce. All

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Gold Prices Scream to New High Today

Gold prices exploded to new highs today in New York and London as confidence in paper currencies continue to erode and concerns over the sovereign debt crisis in Europe and China demand for raw materials and products surge. Prices for gold today early in the session reached as high as $1,254.50 an ounce, and was trading at $1,250.80 an ounce as of 10:34 AM EDT, a gain of $10.50 at the time.

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US Gold Coin Sales Explode

As confidence in paper currencies continue to wain, sales of gold coins in the U.S. has soared in May, already twice what it was in May 2009, with several more days to go before the month ends.So far in May, 158,000 ounces of gold coins have sold in the U.S., according to the U.S. mint. Gold coins aren’t used primarily for investment purposes, but for an alternative currency for those who believe

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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,

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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

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GFMS Ltd.: Gold Bull Run Over

In an incredible statement, consultancy firm GFMS Ltd. announced in a press release that the gold bull run was over, and it’ll probably play out over the next year or so. Of course that’s cowardly in itself, as they give themselves enormous wiggle room if gold keeps on going up in price to say it’s taking some time to wind down. In the press release, GFMS chairman chairman Philip Klapwijk said

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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

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