Chart analysts are projecting that the latest plunge in gold prices could signal even bigger losses not seen for the past few years. Many foresee gold dropping to $1,100, while one foreign bank analyst believes the yellow metal will dip below $1,000. … [Read more...]
Peter Schiff: Negativity around gold shows ‘many, many years of a bull market’
May 13, 2013 By Leave a Comment
Who says the decade-long gold bull market has come to an end? After gold and silver suffered a horrendous month of April, many financial experts have been urging investors to sell their precious metals and to move on. However, one long-term proponent … [Read more...]
Demand for physical precious metals strong despite drop in prices
May 8, 2013 By Leave a Comment
The large drop in gold and silver prices last month would indicate that there is very little demand and there is an abundant supply of precious metals. However, recent data suggests that demand in physical gold and silver remains strong as many see … [Read more...]
WGC Report: Italian officials considering using gold reserves as alternative to austerity
May 6, 2013 By Leave a Comment
The World Gold Council released a report last week that found a strong majority of Italian business leaders and citizens agree that the Italian government’s gold reserves are extremely important and have a positive role in the nation’s economic … [Read more...]
Tangent Capital Investor: Gold to hit $4,000 amid deflation fears by central banks
May 3, 2013 By 1 Comment
Although the notion among libertarians, goldbugs and opponents of the Federal Reserve System is that inflation fears are causing the price of gold, silver and other precious metals to go up, others are now arguing that deflation concerns could drive … [Read more...]
Arizona legislature passes bill making gold and silver legal tender money
May 1, 2013 By Leave a Comment
Over concerns about the weakness of the United States dollar and the Federal Reserve’s questionable inflationary measures, Arizona lawmakers voted Tuesday in favor of making gold and silver coins and bullion legal tender in The Copper State. The bill … [Read more...]
Swiss National Bank reveals details of its gold reserves in annual meeting
April 29, 2013 By Leave a Comment
During the Swiss National Bank’s (SNB) annual meeting in Bern, president Thomas Jordan unveiled the locations of where Switzerland’s gold holdings are stored. Jordan disclosed the central bank holds 70 percent of its 1,040 tonnes of gold in … [Read more...]
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