How Far Will Gold Prices Drop?
Gold has performed so strongly for the last 10 or 12 years that everyone was quite surprised when its market value fell recently. While it retreated from its 2011 highs of more than $1900 last year, few people expected that it would lose so much money so quickly. The especially odd thing about its fall […]
Buying Gold from a Vending Machine: Economic Stabilizer or Unique Souvenir?
If consumers visit the Westfield shopping center in West London, or the Golden Nugget Hotel and Casino in Las Vegas, Nevada, they may encounter a vending machine of unique value. This vending machine does not provide sweets, snacks or beverages. Instead, in exchange for a few hundred dollars or pounds, this machine provides gold—24 karat […]
What Could Drive Gold Prices Higher?
Though the price of gold has risen for 12 consecutive years, there are a number of potential catalysts that can drive gold prices much higher, such as expanding government debts, currency wars and bank holidays. Expanding Government Debts Western nations, including the United States, experienced spectacular growth following World War II, and much […]
Is the Gold Bull Market Over?
After having gone up 12 years in a row, many investors are asking if the gold bull market is over. Though the gold price is at $1550 today, the fundamentals driving the gold price higher still remain. In particular, the world’s central banks are devaluing their currencies simultaneously in an effort to boost exports and […]
China Looks To Expand its Gold Trading Markets
China has made its move to take the No. 1 spot as the largest consumer in the world’s gold market. China surpassed India in the first six months of 2012 and now buys 21 percent of all gold, according to the World Gold Council. With rising demand for gold in China, the most populous nation […]
What Does Obama Win Mean for Gold Traders
What will another four years of Obama mean for Gold Traders? To start, the gold press has precious metal investors staring at or perched on a fiscal cliff, which is a familiar position for most gold bugs. This is a metaphor, of course, pointing out the fact that Washington is on the gridlock field and […]
Khazakhstan Bank To Offer Solid Gold Bank Card
For the sophisticated lady or gentleman who desire that cosmopolitan edge over their wealthy compatriots, the third largest bank in Europe is offering a solid gold bank card to match the Saddam-style gold faucet knobs in the master bedroom bidet. This exclusive offer by Russia’s Sberbank in Khazakhstan features a solid gold Visa card that’s […]
What Happens To Gold Prices If Romney Wins?
Over the past few years, gold prices have been extremely volitile. Speculative gold trading and brisk activity in the gold futures market hit new highs since the financial crisis of 2008. Even before that catastrophic event, the price of gold had risen steadily since 2002. What is responsible for this trend? Commodity prices are cyclical in […]
Forex Gold Traders Looking For Support around $1,700
Forex gold traders are looking for support for gold at around the $1,700 level. Hope remains that the world economy is rebounding and that the prospect for inflation may allow gold to climb higher before the end of the year. Many forex gold traders are watching $1,700 as a crucial level for gold support. If […]
How the US Election Effects Where Gold is Trading At
Election cycles impact the price that gold is trading at in response to an artificially stronger economy that is often stimulated for the purpose of swaying an election. When the economic news is favorable, the dollar gets stronger and gold prices stop rising. Elections are won and lost based on economic news. An incumbent’s […]
