Is gold a bear or a bull in the near-term? It all depends on who you ask. For the past two to three years, gold has been involved in a precarious situation. Last year, it started off the year strong, which may have been a hint that it would exponentially climb again. That did not … [Read more...]
Experts Say Brace for Lower Gold Prices Next Year
For the second consecutive year, the price of gold has been lackluster, and heading into next year, many financial analysts forecast the yellow metal to not have much of a stellar year either. In the past month, there have been numerous predictions as to what the price of gold will … [Read more...]
World Gold Council thinks now is ‘prime opportunity’ to buy gold: mid-year report
Throughout late last year and earlier this year, numerous financial institutions and market analysts forecast gold to significantly dip to anywhere from $900 to $1,100. For instance, Goldman Sachs projected the yellow metal to drop to $1,050 an ounce because the United States economy … [Read more...]
German gold reserve will remain in U.S after positive audit
Last year, Germany blew up headlines when its central bank – the Bundesbank – announced that it was planning to repatriate its gold from the United States Federal Reserve, the Bank of England and the Banque de France. The Bundesbank owns nearly $200 billion worth of gold, but only a … [Read more...]
Steve Forbes says U.S. will return to a gold standard
The United States hasn't been affiliated with a gold standard since the administration of President Richard Nixon in 1971. Known as the Nixon Shock, in which the president imposed a series of damaging economic policies, like price and wage controls, the resigning Commander in Chief … [Read more...]
Jim Rogers: Time to buy gold will happen within two years
Since the beginning of the year, gold has made some gains and is presently trading at around the $1,300 mark. The big financial institutions project the yellow metal to fall this year to near $1,000, while some contrarian investors say gold will rise substantially in the next few … [Read more...]
Jim Rogers believes gold will hit bottom again in next two years
Jim Rogers, founder of the Rogers International Commodity Index and bestselling author of "Hot Commodities," has long been a proponent of precious metals and a staunch critic of the Federal Reserve System and its monetary stimulus. He sat down with HardAssetsInvestor.com late last … [Read more...]
Report: Record amounts of gold and silver trading for bitcoin
Bitcoin has fallen a long way from its record high of nearly $1,200 late last year. Throughout the first quarter of this year, the digital currency has traded anywhere from $350 to $800 and many bitcoiners, even gold bugs, think it’s headed straight to the moon to as high as $100,000 … [Read more...]
WGC Report: Chinese gold demand to rise 25% by 2017
Gold started off the year strong after a rough 2013, but entering the second quarter is showing that gold can’t break the $1,400 mark. At the time of this writing, gold is trading at just over $1,300, while its silver counterpart has fallen to under $20. This decline could prove to be … [Read more...]
Is bitcoin just for ‘the guns and gold crowd’
Libertarians and Tea Partiers, bitcoiners and gold bugs, have been the subject of ridicule in the political establishment and mainstream media and have been harshly accused of being paranoid and conspiratorial. The anti-government crowd has long foretold of a crash in the United … [Read more...]
Poll: 48% of Americans understand bitcoin but most still prefer gold
In today’s technological world, it’s pretty difficult to not hear or read about bitcoin on a daily basis. Although the ubiquity of the digital currency is pretty widespread, there will always be people who don’t know about it. Nevertheless, the people who do understand what the … [Read more...]
Bitcoins or Bullion: Ignorance of one journalist shines through
This week, CNBC had a headline that read: "Bitcoin pits the gold bugs vs. the 'techno geeks.'" Both groups are avid proponents of sound money, oppose the actions of the Federal Reserve and most believe in competing currencies. One financial expert published an op-ed piece Thursday … [Read more...]
Nouriel Roubini: Bitcoin is a ‘ponzi scheme’ and ‘lousy’ store of value
One of the most renowned economists in the world, Nouriel Roubini, who is known very well for his bearish standpoint on financial markets across the globe, doesn't seem to be optimistic about bitcoin and the digital currency industry. Using Twitter as his platform to convey his … [Read more...]
Gold or Bitcoin: Which one is the libertarian choice against fiat money
Since bitcoin became ubiquitous in libertarian circles over the past year or two, the question has now become: what is the best alternative to government-issued fiat money? Gold and silver or bitcoin and litecoin? The answer depends on who one speaks with. One libertarian will say … [Read more...]
Anti-money laundering legislation is deterring gold dealers from accepting bitcoin as payment
Due to the uncertainty regarding federal and state rules and regulations, precious metal dealers are cautious about accepting bitcoin as a method of payment. Industry insiders tell the International Business Times that questions over anti-money laundering legislation is a major … [Read more...]
How a Gold Exit Might Impact Your Real Estate Portfolio
Filed Under: Personal Finance by
When looking at how it is that a gold liquidation would impact a personal investing portfolio, we need to remember how it is that Gold will generally act as a store of value against uncertainty, inflation, and general macroeconomic risk. However, the only real reason why it is that … [Read more...]
How a Gold Exit Might Impact Your Currencies Portfolio
Filed Under: Investing Strategies by
One of the most wildly successful asset-based investments for the last few years has been gold. While it’s hard to describe what it is that actually creates value for gold investors, the returns speak for themselves. Investors speak with their dollars, and the price gold has shot … [Read more...]
How a Gold Exit Might Impact Your Commodities Portfolio
Filed Under: Investing Strategies by
My favourite story from economics class is the Wizard of Oz. Believe it or not, this book was actually a story about the great depression. Go ahead, Google it and come back here when you’re done. Rather than bore you with the details, I’d like to quickly draw your attention to the … [Read more...]
How a Gold Exit Might Impact Your Bonds and Guaranteed Savings Portfolio
Filed Under: Personal Finance by
Your bond portfolio is your back-bone. It supports both the fixed-income and growth aspects of your portfolio by virtue of its stability, predictability, and cash-producing nature. No matter what, you know what kind of returns you’ll be getting from this portfolio, provided that there … [Read more...]
Fiscal Cliff Uncertainty Pushes Gold Prices Higher
Gold prices have rebounded and are expected to rise in 2013. Concerns over the looming fiscal cliff have only fueled interest in the precious metal. The price of gold was up $9.09 to $1,658.35 per ounce Friday, as were the stock prices of several major gold mining companies. … [Read more...]
