Remember when your history teachers lectured you and your classmates about the Gold Standard? Here’s a quick refresher in case you don’t remember. The Gold Standard is a monetary method that determines how much a nation’s currency is worth, depending on how much gold the country possesses as well as how much gold is worth… View Article
Colorado has many perks, from its beautiful scenery and top-notch ski resorts to the relatively low cost of living. But apart from offering a host of benefits to its residents, Colorado also plays an important national role: it’s one of the top gold-producing states in America. Colorado’s rich history of gold and silver mining goes… View Article
Most people who own or trade gold have a higher price in mind, a price determined by what they think the metal is worth in dollar terms. That’s normal. However, some make a leap from the fact that gold doesn’t trade at this price today, to belief in manipulation. Short sellers—who are sometimes supposed to… View Article
Russia continues to amass more gold in its reserves with the purchase of another 34.2 tonnes in September, bringing its total to around 1,353 tonnes – or around 13% of its total foreign exchange reserve figure. This is Russia’s second highest monthly total purchase in six years and represents yet another indicator of its continuing… View Article
Stocks pain has turned into gold’s gain. Gold prices soared to a one-month high Thursday as fears of a global slowdown have investors seeking so-called safe haven assets like bonds and bullion. And according to Dennis Gartman, often referred to as the “commodities king,” the rally in gold could just be starting. “There’s a real… View Article
As wait times for certain silver bullion products reach upwards of 2 months, investors are now switching over to buying gold. How much gold? Heck of a lot more when look at the figures. While Gold Eagle sales started to surged in June (76,000 oz), due to the possible Greek Exit of the European Union,… View Article
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
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
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
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
