The most significant factor, when it comes to investing, is the investor’s confidence or uncertainty in the investment. With the aforementioned declines occurring, investors’ faith in stocks, oil, and the dollar are quite shaken. Because of the physical nature of Gold, many investors turn to the precious metal as a safe investment and now, with gold up these recent months, savvy investors are considering gold mining stocks as a worthwhile investment. [Read more…] about What Surging Gold Mining Stocks Mean for Gold's Future
gold prices
Determining the Price of Silver and Gold
Back in England 1919 a principal group of bullion traders and refiners got together to determine a fair price for precious metals. Each member of the group representing their own interests and the interests of their clients (meaning each bullion trader owns precious metals in their name and represents investments of their clients) gathers in a room to buy or sell their precious metals. One by one the traders would state the amount of silver, for example, that they want to buy or sell. Once each representative made his intentions know, the chair reviewed the requests and determined if the amount to buy was larger than the amount to be sold or visa-versa. If more there was more demand to buy than to sell, the chair would propose a higher price of silver; if the demand to sell was larger than to buy, the chair would propose a lower price of silver.
Strategies for Investing in U.S. Minted Coins
Coin investing, especially U.S. minted coins investing, is growing in popularity. We see celebrities and even former presidents endorsing coin investments. What’s all the hubbub? And is it legit or just another get-rich scam? Let’s take an honest look at the industry. [Read more…] about Strategies for Investing in U.S. Minted Coins
4 Reasons Why Gold Prices Will Surge This Year
Frank Holmes (who currently co-manages the U.S. Global Investors Gold and Precious Metals Fund) recently sat down with Marketwatch to discuss 4 reason why he thinks that gold prices will surge this year.
Holmes stated that four factors — shrinking real interest rates in the U.S., a dip in the dollar that led to a so-called “death cross” formation, a jump in the global purchasing managers index and signs of increased demand from China — suggest that gold could finish strong this year.
To read the full article, click here.
