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As Stock Markets Plunged, Why Didn’t Gold Rise

Posted August 27, 2015

Twitter may have been encouraging investors to buy gold as U.S. stocks opened deeply in the red Monday morning, but investors weren’t listening. Typically seen as a safe-haven asset, the yellow metal tends to rise when the market suffers but Monday gold finished the day at $1153.40 an ounce, down 0.53%. That snaps a three-session winning… View Article

The History of Money

Posted August 27, 2015

We use money so frequently that paper bills and metal coins have become a crucial part of our existence. We design purses to carry our money as close to our bodies as possible. We warn tourists about the threat of pickpockets, and we lock bundles of bills and coins in safes and vaults to keep… View Article

Gold Or Silver Shortages?

Posted August 26, 2015

A big pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming precious metals shortages simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both of these government mints predetermine a rough amount… View Article

Chinese gold imports rise 48%

Posted August 26, 2015

Continuing chaos on world equity markets and fears about the Chinese economy did not result in safe-haven buying of gold on Tuesday. The metal fell back from six week highs hit last week to close $15.30 or 1.3% lower than yesterday at $1,138.30 an ounce on the Comex market. While bargain hunters have stayed away… View Article

6 Diverse Uses of Silver Today

Posted July 31, 2015

If you’re a fan of precious metals or an avid collector of rare coins, you’re familiar with the value of gold, silver, platinum, and palladium. But have you ever thought about the various uses of these metals? Most people know a thing or two about gold and platinum, but what about silver? The silver in… View Article

Is the Falling Gold Price Signaling the End of the Financial Crisis?

Posted July 24, 2015

Gold prices have tumbled to a five-year low. As a trade-able commodity, the price of gold is largely linked to supply and demand. While supply remains fairly fixed, demand is shaped by the state of the global economy and investor perceptions of gold’s value as an asset – this is in turn shaped by the… View Article

Myths and Facts about Metal Detectors

Posted July 15, 2015

Metal detectors cause a lot of noise. They emit beeping signals and inspire mystique in those who use them. But you may have hear d different rumors about these devices. Or maybe you don’t think that metal detectors can uncover actual treasure. Here, we’ll help you distinguish between the science and the science fiction surrounding… View Article

Why isn’t gold gaining ground on the Greek crisis?

Posted July 1, 2015

Financial crises are supposed to be good for gold. After all, unstable situations theoretically cause investors to leave the risk of stocks for the comfort of hard stores of wealth. That’s why gold tends to be considered a risk-off asset, meaning that it rises when investors shy from risk. But even as Greece edges ever… View Article

Investors add most gold to funds in 5 months

Posted June 29, 2015

Gold is being supported by ‘continued worries related to Greece and investors returning to ETFs.’ Investors bought the most gold through physically-backed funds in almost five months as Greece and its creditors headed for last-ditch talks. Gold futures were little changed and palladium was near a two-year low. Gold exchange-traded product holdings rose 6.9 metric tons,… View Article

Gold: The US sets the price but Asia does the buying

Posted June 11, 2015

It seems illogical that gold price movement seems to be dominated by US internal factors while most gold trade is elsewhere. LONDON – What’s driving the gold price? At the moment it seems to be a succession of knee-jerk reactions to U.S financial data which push the gold price up or down, depending on the perception… View Article