Gold is money and it is essential to own some of the physical metal
Many individuals are perplexed about the current low gold prices especially with all the madness in the world. It just doesn’t make sense.
Posts by David Levenstein:
Russia and China increase gold holdings while central banks continue their expansionary monetary policy
Even though the price of gold failed to make a decisive break above the 200 day Moving average, the price looks set to continue its upward trajectory.
In an environment of low interest rates, exploding debt, slow economic growth, you need a reliable store of value
Gold prices rebounded from a five year low in July to the highest in seven weeks, boosted as investor confidence in the dollar waivered amid doubts U.S. interest rates will rise this year.
Could gold prices soar in September?
Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August.
Even though investor sentiment remains negative towards gold, demand for the physical metal is very robust.
Although investor sentiment remains largely negative towards gold, the price of the yellow metal seems to be carving out some support above $1180 an ounce.
Gold prices weaker on latest Greek bailout agreement, but demand for physical remains robust
Gold prices continue to remain under pressure after hitting a four-month low on Friday, as the dollar tumbled against the euro on signs of renewed optimism that Greece may secure fresh funding from its’ European creditors.
Hold precious metals as banks try to criminalize the use of cash in their latest act of financial repression
Gold hit its’ highest since early April at $1,215 earlier this week but failed to hold that level after the latest Federal Reserve meeting.
New developments in Asia will have more impact on financial markets than garbage rhetoric from the U.S. Fed.
The price of gold experienced its longest winning streak since 2012, last week as the price broke through the $1,200 level early Thursday and soared as high as $1,220 as Saudi Arabia launched airstrikes against Iran-backed Shiite militants in Yemen.
Gold prices set to climb in the New Year
Interestingly, while softer oil prices have usually had a negative impact on gold prices, as it hurt gold's appeal as a hedge against oil-led inflation, the price of gold has remained firm even though the price of crude oil has slumped to fresh five year lows.
Robust demand for physical gold support prices
Gold prices climbed to their highest level since Sept. 10 last week, breaking above the $1,250 an ounce level.
Demand for physical gold remains strong as bullion banks suppress prices.
September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold’s strongest month from a seasonal perspective.
As lying seems to be the nature of our global leaders, don’t trust any of them
Gold prices have begun this week on a slightly firmer note, reversing the trend of the previous six days, after physical buying […]
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