Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
Wednesday
Oct042017

Prospects for Gold II

Hugo Salinas Price:

In my previous article, "My Views Regarding Prospects for Gold", published on September 21, I addressed the consequences of the Chinese scheme "to be launched formally by the end of the year, by means of which exporters of oil to China will accept the Chinese currency, the Yuan, in payment for oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold. This gold will be "sourced", i.e. "purchased" outside of China, for the oil exporters."

This scheme - should China effectively carry through on its intentions -

Click to read more ...

Tuesday
Oct032017

China aims for dollar-free oil trade

 

Yuan-denominated futures would allow crude exporters to dodge US sanctions

DAMON EVANS, Contributing writer

DENPASAR, Indonesia China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game changer for the industry.

Click to read more ...

Thursday
Sep212017

Multi-Billionaire Hugo Salinas Price Says This Catalyst Has Gold Headed Thousands Of Dollars Higher

On the heels of Wednesday’s propaganda being spewed out of the Federal Reserve, today multi-billionaire Hugo Salinas Price stunned market observers across the world by saying this catalyst has the gold price headed thousands of dollars higher. 

This Will Rock Global Markets 

 
September 21

Click to read more ...

Wednesday
Sep202017

Fed Begins Balance Sheet Unwind, Expects One More Rate Hike In 2017

Today's the day.


On Nov 25, 2008 The Fed announced it would begin buying assets for its own account to save the world. In Oct 2014, The Fed ended its QE3 buying program but continued to reinvest the proceeds to maintain its $4.4 trillion balance sheet. Today, Janet Yellen announced the balance sheet will be allowed to normalize, with reinvestments slowed/stopped starting in October.

Click to read more ...

Friday
Sep152017

Physical Gold In Vault Is “True Hedge of Last Resort” – Goldman Sachs

– Physical gold is “the true currency of the last resort” – Goldman Sachs
– “Gold is a good hedge against geopolitical risks when the event leads to a debasement of the dollar” 

Click to read more ...

Wednesday
Sep062017

Kirkland Lake Gold Limited: Sell 

Background

The recent breakout in the precious metals sector with gold leading the way has to some extent re-focused the attention of the investors onto the producers. Kirkland Lake Gold Limited (KL) is one such company which has been under the spot light lately and for good reason as it is a good quality stock.

Any acquisition such as this should remain under constant surveillance as a company’s circumstances can change in a blink of an eye.

Click to read more ...

Sunday
Sep032017

Gold Pops, Stocks Drop As Futures Open After Korean Chaos

In an echo of last week's move following North Korea's teating of missiles across Japan's territory, futures markets are opening in a decidedly risk-off mannwr following North Korea's "hydrogen bomb" test.

Click to read more ...

Monday
Aug212017

'There Is No Cure for this Disease...'


In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce.

The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars - as undervalued - rather than gold; for this reason, and because of fears regarding another World War, the world shipped enormous quantities of gold to the US, in exchange for US dollars.

Click to read more ...

Tuesday
Aug152017

Gold Miner ETFs: A Stage Set for Inflow Reacceleration?

RBC Capital Markets' mining and materials equity team says inflows could return in the September-end quarter based on "strengthening in net speculative position and positive gold price momentum."

 

Gold spot prices are down about 0.91% so far Tuesday, trading hands at around $1,278.60 per troy ounce in the afternoon.

Click to read more ...

Wednesday
Aug092017

How Much Gold Should the Common Man Own?

Posted by  | August 8, 2017 11:09:31 | Economics

Earlier today, I had the pleasure of discussing gold, equity valuations, bond bubbles, and inflation with Greg Hunter at USA Watchdog.

In the interview, I mentioned the nearly “everything bubble” and stated a belief that gold was one thing that was not in a bubble.

Following the interview, Hunter asked me to put my thoughts on gold and the “nearly” everything bubble in writing. Specifically, Hunter asked: “How Much Gold Should the Common Man Own?”

Click to read more ...