All Posts Tagged With: "gold"
US Mint Runs Out of American Eagle Gold Coins
The recent pull back in gold prices is seen as a buying opportunity by many. The demand is so high that the US Mint has stopped selling popular one-ounce 22-karat American Eagle bullion coins to dealers as they scramble to build the inventory back up. From Reuters:
“Nobody has the Eagles or the Buffalos right now. We bought 2,000 ounces late last week, and those were the last 2,000 ounces that we can find in the marketplace,” said David Beahm, vice president of New Orleans-based Blancard.
The Crime of Central Banking
We have a lot of respect for our many American readers because many of them are long-time readers, friends, and family. We were born and raised in Colorado, lived on the East Coast (Baltimore and Washington DC) for ten years before moving to Europe (Paris and London) for three years, and now Australia for the last three years. It’s not Americans we’re upset with. It’s American politicians.
Why Have Gold Prices Gone Off A Cliff?
“Who cares about gold? It is the epitome of human stupidity. A metal that is dug out of the ground at great cost to be reinterred in bank vaults as a protection against the same stupidity as caused it to be dug up in the first place.”
Gold and the Out of Whack Economy
In case you were wondering, China actually kicked our American butt a long time ago, as China ’surpassed the United States as the world’s second largest gold producer in 2007 with 270.491 tons of output.’
Should You Tell the Government You Own Gold and Silver?
Sovereign Society members and readers often ask me if there’s any U.S. law that forces them to report their gold, silver or other precious metals to the U.S. government - especially if they hold those precious metals in foreign accounts or safety deposit boxes.
And Then There’s This…Monday, July 7th, 2008
Thursday was the day that the ECB raised their interest rates…and the US jobs report came out. Considering the nature of the news, one would have expected the US$ and US equity markets to fall…and gold and silver to rise. It was not to be.
Randgold Still Has the Ingredients for Success
There’s nothing like a roaring gold price to bring out the forecasters! Investors are scuttling for a refuge from the slumping dollar and surging energy costs. And low and behold, Citibank, Gold Fields and leading US coin dealer Blanchard, to name a few, all see $1,200 gold on the horizon!
And Then There’s This…Saturday, June 21st, 2008
Gold didn’t do much on Friday until Sydney closed for the weekend. Then it began a gentle rise through the balance of Hong Kong and most of London trading.
Precious Metals Move Slightly Higher
Gold rose in Hong Kong, leveled off in London, and traded rangebound through the NYMEX and Globex sessions on Friday, although it held above $900, finishing at $901.30/oz., up $3.30. For the week, gold added 3.5%.
Investing In Gold Miners? Be Selective - And Look at Those Costs!
It ain’t much fun being a miner in these torrid times. It’s raining supply problems, infrastructure problems and energy costs are rocketing. Time for investors to be really picky!
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