Tag Archives: Precious Metals

Is the Price of Gold Rigged?

I am a believer in purchasing gold bullion. However, I have no illusions: gold is not money, at least not nowadays. Dollars are money. Digits on a computer in the banking system are money. But gold beats inflation. In the modern day, all major governments are inflationary. The gold market is poorly understood by the […]

Leave a Comment Continue Reading →

Why You Should Consider Buying Gold and Silver.

I am a supporter of investing in precious metals, namely gold and silver. I believe it is smart for an individual to hold a decent portion of their wealth in physical bullion coins. I have many reasons for this. Nobody should expect to make a significant profit off such an investment, but rather to preserve […]

Leave a Comment Continue Reading →

Ron Paul: The Longer QE Goes On, The Worse The End Will Be.

In this interesting interview with the Birch Gold Group, former congressman Ron Paul discusses his views on a number of relevant economic topics, including precious metals, the future of the dollar, and Federal Reserve policy. Rachel Mills for Birch Gold Group (BGG): This is Rachel Mills for Birch Gold Group. I am speaking with Ron […]

Leave a Comment Continue Reading →

Gold/Silver Roundup 10/15/2013

Gold opened near $1273/oz, decreasing to nearly $1252 during the morning hours. This was likely due to some optimistic talk from Washington on the possibility of reaching a budget deal, and also from a continued decline in derivatives over yesterday. Gold climbed back to $1285 in the evening, leveling off near $1280/ox by the present […]

Leave a Comment Continue Reading →

Dollar replaced by Chinese Yuan as World Reserve Currency?

This article piggybacks somewhat on an article I posted earlier today about the mass importation of gold in China. Look over that article first before reading on. Chinese citizens are the ones buying the gold, not so much the government-run People’s Bank of China. We hear talk these days of the US dollar losing it’s […]

1 Comment Continue Reading →

China and India Smashing Gold Import Records.

Within the past year, China has imported more physical gold than ever before in modern history. In August 2013, China imported an impressive 131.4 tons of gold; in March of 2013, China imported a record-smashing 223.5 tons of physical gold. India historically imports a large amount of gold, namely because it is used far more […]

Leave a Comment Continue Reading →

Gold/Silver Roundup 10/14/2013

Gold opened near $1271/oz, rising to nearly $1290 by midday before steadily declining to near $1271/oz. This is likely due to continuing concern over Washington’s failure to resolve the budget impasse, and a looming default. Declining gold derivatives and news of increased gold production in China may have served to limit the rally. Silver opened […]

Leave a Comment Continue Reading →

Gold/Silver Roundup 10/07/2013

Gold opened near $1314/oz, spiking to nearly $1326 by midday before dipping slightly to $1322/oz by the end of the day. Continued gridlock in Congress a likely culprit for the increase. I also think reports released by the World Bank which lower China’s 2013 growth outlook from 8.3% to 7.5% have played a role. Silver […]

Leave a Comment Continue Reading →

Russian Gov’t Seizes Private Pensions; Can It Happen Here?

The Russian Government has temporarily seized 244 Billion Rubles (approx. $7.6 billion) from private pension funds under the guise of performing “inspections” on the soundness of the accounts. Of course, nobody with an ounce of sense believes that: The Russian Government will likely use the money to patch its own budgetary balloon as the Russian […]

1 Comment Continue Reading →

Gold/Silver Roundup 10/03/2013

Gold opened near $1316/oz and has remained somewhat steady throughout the day, with minor variations. Similar story for Silver, which opened $21.70/oz and has also remained steady with minor variation. (Source: http://www.kitco.com)

Leave a Comment Continue Reading →