News Articles

Gold surged to a new record on Wednesday, propelled by the possibility of a third round of quantitative easing in the US.

The yellow metal, already rallying hard on the back of fiscal concerns in the eurozone, jumped to within reach of $1,600 a troy ounce after Ben Bernanke, Federal Reserve chairman, said the central bank could take further steps to prop up the US economy if needed.

In testimony to Congress, Mr. Bernanke said the Federal Reserve stood ready to...

The gold outlook for next week is moderately bullish. Analysts say the next key upside chart resistance is the swing high from June 22 at $1,559.30. If the market broke through that ceiling, it would target a retest of the $1,577.70 high. On the downside, initial support lies at $1,522.20. Gold prices rallied on Friday, as the August Comex contract hit its highest level since June 23, after a sharply weaker-than-expected US June employment report. August futures settled at $1,541.60 an ounce, up four per cent for the week...

Silver demand in China is soaring. Imports of silver to the Asian giant have reached new highs, and analysts maintain that demand for this year will only continue to grow. The growth comes not only from industrial and jewelry demand, but also from the increased investments in...

A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros. Behind her, a grey-haired man shuffles towards the counter. "Do you buy gold teeth?" he asks.

In the Greek capital, gold is marking a divide between the "haves" and a growing number of "have nots". Shops like this one have mushroomed in downtown Athens and are doing a brisk business...

This report lays out an investment thesis for gold and one for silver.  Various factors lead me to conclude that gold is one investment that you can park for the next 10 or 20 years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.

The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if ...

Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal.

Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason for the players to make their task seem even more Herculean than it already is. But we should be prepared for upward revisions in official deficit projections in the years ahead—even if a deal is struck. There are at least three major reasons for concern...

With gold prices hovering around the $1500-per-ounce-mark, experts believe that a surge in prices in the next six months is likely, with prices reckoned to increase by about 15 per cent to reach $1700/oz by the end of the year.

Despite the fact that the price of the yellow metal has gone up by just 5.5 per cent since the beginning of this year, M.R. Raghu, Senior Vice-President-Research at Kuwait Financial Centre (Markaz), believes that “gold will have another good year in 2011.”
“In my assessment, it is likely to...

This past weekend, the E.U. Ministers promised the next tranche of money to Greece and a second bailout package if Greece enforces another bout of austerity on itself. Does this clear the E.U. of its obligations? They have not yet finalized these terms and await the next episode in Greece of its acceptance of this principle.  

A default by Greece will set off a chain of events that would bring down important banks as well as Portugal, Ireland and Spain, with Italy stepping onto the same stage. Furthermore, a default shows that even governments have to pay their bills, if they want the financial system to work.  

The issues involved are significant. The consequences are even more far-reaching...

To evaluate what is the best way to own Gold and Silver we need to look at the options.  The options are Physical Gold/Silver, Gold/Silver Mining Shares or Gold/Silver Mutual Funds.

I didn’t include Gold/Silver ETFs because it tracks the physical price with a few major differences.  I looked at values dating back both 1 year, and to the beginning of 2011, to calculate the results. 

I used the following as true indicators of the market prices:

Spot Gold and Silver Prices,
Gold Mining Share Index (GDX)
Fidelity Select Gold Shares Mutual Fund (FSAGX)
Silver Mining Share Index (SIL)

HERE ARE THE RAW STATISTICS...

China may diversify $3.04 trillion in reserves and invest in gold, silver, and copper. 

China’s foreign exchange reserves increased by US$197.4 billion in the first three months of this year to $3.04 trillion .

China is now the world’s biggest consumer of gold. China is also the biggest producer of gold. China produced...