Tag Archives: gold price

A soaring gold price is a vote of "no confidence" in the central bank and the dollar [and]... reflect a growing restlessness with the increasing money supply, our budgetary and trade deficits, our unfunded liabilities, and the inability of Congress and the administration to reign in runaway spending. Words: 1911

The World Gold Council published its monthly Gold Market Commentary for August this week. Gold surged by 3.6% in August, reaching $2,513 per ounce, driven by a weaker U.S. dollar and lower Treasury yields. Investors are positioning for potential rate cuts by the U.S. Federal Reserve and the uncertainties surrounding the U.S. election. Demand also saw a boost from a reduction in gold import duties in India, contributing to strong buying interest. Meanwhile, gold-backed ETFs extended their four-month inflow streak. As traders brace for a volatile second half of 2024, gold remains a key hedge against risk, with global economic uncertainties and U.S. political developments fueling the demand.

The price of gold denominated in USD doesn't tell us anything about gold. Rather, it tells us what has happened, or is happening, with the U.S. dollar - nothing else - and that is reflected in the U.S. dollar price of gold... Lately the U.S. dollar has been quite strong.

We are getting closer and closer to the bottom in gold and silver and many are wondering once we bottom what would be a better investment moving forward, silver or gold?

The current meltdown of the world’s debt bubble is likely to continue in the course of the next months and Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, believes that the salvaging all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce. Here's his rationale.

While governments have consistently damaged their economies ever further, the house of cards, however shaky, is still standing. If and when the markets crash and currencies collapse, however, there will be a dramatic rise in the price of gold. Here's why.

There are many risks right now that favor owning gold in your portfolio. Below I’ve selected 5 of the most compelling charts that highlight why I think you need gold in your portfolio now.

Recent comments by the following analysts reflect the current uncertainty of the gold & silver markets.

A prudent investor is able to spot when an asset becomes a high risk and then has the sense to move his or her funds into one that is a lower risk but, unfortunately, complacency has turned investors brains into mush. Real estate & stock asset values are near their top while the silver price is closer to its bottom. Thus, assets that are near a top are HIGH RISK, and those near a bottom are LOW RISK. It’s really that simple.

TIPS suggest there may well be light at the end of the tunnel for gold investors. Here's why.