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Hot Topic: Is Gold Going To Double In Price Again?
Tips On Making Money From A Rising Gold Price
Playing The Stock Market With Gold And Silver
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Everything You Must Know About Investing In Gold, Investing In Silver, Investing In Gold Coins, Gold Coins, And Gold Bars.
The price of gold is higher than it has been in 17 years. And it's likely to go much higher. Why? There is a very interesting article in the New York Times that caught my attention. You can read it here… http://www.nytimes.com/2005/10/24/international/24GOLD.html The article is really about how gold mining companies are harming the environment. But, as an investor, here are some key points that I think are important for the gold market… The amount of gold that is left to be mined is extremely small and it is coming from the poorest countries in the world. 70% of gold in now being mined in poor countries.
To get one ounce of gold to make a ring, miners have to dig up and haul...
For thousands of years, gold coins have been used as currency in many cultures. It is believed that the first gold coins used as currency were produced somewhere between 560 and 547 B.C. by King Croesus of Lydia. Ever since then, gold coins have been used by countless other civilizations as a form of currency. Gold coins today are used by some people as a form of investment. Many investors believe that investing in gold coins is safer than other forms of currency is because of its security. The currency of any country has the risk of devaluation and inflation. Gold is independent from political or economic variables that are associated with other forms of currency. Gold has also...
Gold is more often considered an attractive investment in times of greatest uncertainty, especially when traditional equity and currency markets are in a freefall. So why invest in Gold now when economies are strong and growing and the future looks so incredibly bright. But does it really? Notice that the rapid increase in the price of gold over the few years, during an aggressive bull market, seems to contradict conventional wisdom. While a dramatic increase in demand accounts for most of the increase in the price of gold, a closer look reveals other more sinister forces at work as well. Shadowing the increase in demand for gold, less visible pressures driving up the price are consistent...
Gold Price Close Today : 1191.60Change : 0.10 or 0.0%Silver Price Close Today : 17.798Change : 0.113 cents or 0.6%Platinum Price Close Today : 1525.80Change : 8.50 or 0.6%Palladium...
This is a summary only. Visit GOLDPRICE.ORG for the full article, gold price charts in ounces grams and kilos in 23 national currencies, and more!
Gold Price Close Today : 1206.80Change : -6.50 or -0.5%Silver Price Close Today : 18.274Change : 0.037 cents or 0.2%Platinum Price Close Today : 1523.80Change : 10.80 or 0.7%Palladium Price...
This is a summary only. Visit GOLDPRICE.ORG for the full article, gold price charts in ounces grams and kilos in 23 national currencies, and more!
Gold Price Close Today : 1213.30Change : 14.80 or 1.2%Silver Price Close Today : 18.237Change : 34.0 cents or 1.9%Platinum Price Close Today : 15.24Change : -1,497.76 or -99.0%Palladium...
This is a summary only. Visit GOLDPRICE.ORG for the full article, gold price charts in ounces grams and kilos in 23 national currencies, and more!
Gold-MiningStocks.com Reports – Gold Price at Highest Point for 17 Years - Gold Stocks Populate List of Highest Gainers
Author:
Brian Noer
Gold-MiningStocks.com Reports – Gold Price at Highest Point for 17 Years - Gold Stocks Populate List of Highest Gainers
Concerns regarding inflation, state of the US economy following Hurricane Katrina, deterioration of global currencies, and rocketing oil prices create volatility and drive investors towards increased gold holdings.
POINT ROBERTS, WA, Delta, B.C. September 19, 2005 – Gold-MiningStocks.com (GMS) reports that shares of gold mining companies rose sharply in late trading on Friday due to concerns regarding inflation, a deterioration of global currencies and ever increasing oil prices. GMS provides leading edge information and research regarding gold stocks, mining stocks, precious metals stocks, and mineral exploration/development. GMS also features a growing list of participating public and private companies.
Investors have shifted their combined focus towards the Gold sector and commodities in general subsequent to concerns in the financial markets, resulting in an increase in the price of gold ($461.95 bid per troy ounce on Monday morning), to its highest point since 1988. Shares of both major and smaller mining companies traded briskly on Friday, causing the AMEX Gold Miners Index to rise by 3.4%. Gold prices rose by 14% in the past year, 9.6% of that gain in the past two months.
Analysts said that the direction of Gold Mining Stocks may hinge on an announcement by the Federal Reserve (due this week) regarding interest rates. Since Hurricane Katrina struck, causing sky rocketing energy prices and fears of widespread inflation, Gold has become the refuge of choice for investors seeking insurance policies. A report by the World Gold Council stated that demand for gold bullion has increased by 14% (in tonnage terms) and 24% in monetary terms, in the second quarter of 2005 (compared to the same point in time last year)
The GMS website does not make recommendations, but offers a unique free information portal to research news, exclusive articles, interviews, investor conferences and a growing list of participating public companies in the Gold sector.
To be added to our current list of Gold Stocks, Mining Stocks, Precious Metals Stocks, Mineral Exploration/Development and Industry Research, contact: news@investorideas.com
About GMS Featured Client: (GMS is compensated by profiled Featured Company: Running Fox Resource Corp. (TSXV: RUN; OTC.PK: RFXRF)
For more information contact: Dawn Van Zant / Ann-Marie Fleming / Brian Noer Toll free: 800-665-0411 Email: dvanzant@investorideas.com , afleming@investorideas.com , bnoer@investorideas.com
Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of of our web sites. This site is currently compensated for by its “featured company” - Running Fox Resource Corp (OTC.PK: RFXRF) One thousand dollars per month.
About the author: The GMS website does not make recommendations, but offers a unique free information portal to research news, exclusive articles, interviews, investor conferences and a growing list of participating public companies in the Gold sector.
As gold topped $500, the news became front-page across the country, and radio and TV financial programs led off talking about the price of gold. Invariably, all noted that gold had reached nearly a two-decade high. Yet it is doubtful any of the reporters assigned to the story really grasped the importance of gold topping $500. Further, few reports dared suggest that the price of gold could climb still higher. Gold stands a good chance of seeing higher prices before the inevitable price correction, which always follows such a strong move. Most reports saw $500 gold as a novelty, not the ominous sign that something is drastically wrong with the state of financial affairs in the United States. The truth: gold is responding to profligate spending in both the government and the public sectors. Further, gold is rising because of the massive inflation by the Federal Reserve under Alan Greenspan. Let's take a brief glance at only one reason for gold's jump above $500: federal spending. The federal government now has more than $8 trillion in official (on the books) debt. Only three years ago, gross public debt stood at $6 trillion. For those calculating, that is a one-third debt increase in only three years. The United States took 226 years to run up a debt of $6 trillion. In three years, an additional $2 trillion was tacked on. According to The Privateer, present projected spending will push the official debt to $11 trillion before the end of Bush's second term. If this becomes reality, in only eight years the official federal debt will have nearly doubled. Additionally, there are the "off-books" liabilities. Unfunded U.S. government liabilities--Social Security, Medicare, Medicaid, military pensions, federal workers' pensions,...
Forbes.com - Found 15 hours ago Cheapskates of the investing world, rejoice: Deals are coming your way. Witness what is going on in gold bullion funds.On July 1 BlackRock ( BLK - ...
MarketWatch - Found Jul. 27, 2010 Read Weekend Investor on gold bullion investing. "Quantitative easing has... driven gold to be classified as a safe haven, or a safe investment...
MarketWatch.com - Top Stories – Sponsored by: CyberTrader - Found Jul. 23, 2010 Bullion coin investing has soared alongside the popularity of gold despite its disadvantages. The world’s thirst for gold coins has risen more ...
Treehugger - Found Jul. 27, 2010 ... from Oregon State University, investing a little more in sewage could provide substantially bigger yields. They've found that adding gold nano...
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