If you want to own gold, this is how you should do it…Quite frankly, it’s unbelievable… Rare gold coins are selling as close to melt value as they possibly can.
With the housing crisis in full swing Americans are frantically searching the internet for foreclosure predictions.
Foreclosure predictions, of course, have a nasty habit of turning out wrong.
According to AP, although the foreclosure rate in the US began to accelerate in 2006, “people lost their homes at the highest rate on record in the first three months of this year, and late payments soared to a new high, too – an alarming sign that the housing crisis and its damage to the national economy may only get worse.”
A strengthening dollar and a drop in oil prices caused spot gold prices to fall more than 2% today – its lowest level in a week, according to Thomson Reuters.
Dan Denning in The Daily Reckoning Australia doesn’t think this is a cause for concern: “After regrouping, shaking out the weak hands, and giving the dollar its due, gold is on the march again.