Gold Blog

Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […]

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Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again

News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]

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Gold 1% Lower At $1,497 After Third Week Of Gains

Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]

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FTSE Open Delayed On Trading “Issue”, GE Enron Fraud Concerns and Deutsche Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk

* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’ * GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’ * Gold prices are marginally […]

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Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

* Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […]

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Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […]

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Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

* Major stock markets globally fell for a third straight day today * Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver * Silver went above a 1 and half year high climbing 1.8% to […]

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Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

* Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […]

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Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]

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Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […]

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