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Gold Saw Biggest Jump in History
Remember this chart because you won’t see it very often, if again at all.
Today, gold price jumped the most in its history, rocketing up $84.50 to close at $864.10 an ounce. Last week this time, gold just touched a 11-month low of $742.
Gold has been under a lot of pressure lately. As the U.S. economy [...]
American Eagle Gold Coin in Short Supply?
Did you buy any gold coin recently? I didn’t, but it looks like there’s some kind of shortage of gold coins.
Gold has gone through a volatile period lately as the U.S. dollar rebounded strongly against the Euro and commodities, including oil and precious metals, posted sharp decline. Traders abandoned gold as a hedge against the [...]
Bought another Piece of Gold from Bullion Direct
A little over one year ago, I bought a Buffalo gold coin from Bullion Direct (my review of Bullion Direct) when the price was around $640 an ounce. Somehow, I never considered that as an investment, though gold has gained a lot in the past year. Currently at $885, gold actually made a good investment [...]
Ladies and Gentlemen, Here’s the $1,000 Gold!
Just when you think the stock markets might have turned the corner (stocks gained the most in five years on Tuesday and S&P issued a statement yesterday saying the end is near for subprime related writedowns), another bomb dropped on the Wall Street today: Bear Stearns, one iconic company on the Street, needs emergency [...]
Record Gold Price, Again
US stocks reversed course Wednesday, making a 240+ points swing from down 154 points to close the session up 90 points.
As stocks turned around, gold also got a boost to reach a new record of $945.80 an ounce. The precious metal rallied after a government report showed that inflation picked up stem in January with [...]
Record Gold Price, Countrywide Bankruptcy Rumor, and Live 14 Years Longer
The last time that gold was at $875 an ounce level was 28 years ago on January 21, 1980. Since them, gold has been in an extended bear market in almost 20 years until the current upward trend started in 2001. Today, gold contract reached a new all time high at $883.89/ounce [...]
Prices of Gold Coins: How are They Determined?
Did you ever wonder why the prices of bullion coins containing the same amount of gold are different and how they are determined?
Yesterday, I read an article on GoodSeek.com (I also subscribe to their free daily Gold Seeker Report, which provides a nice summary of the precious market) that explains the prices discrepancy among gold [...]
Random News: Value of My Buffalo Gold Coin, Supermodel Refusing US Dollars, and China’s Diversification Plan
Eight months ago, I bought an American Buffalo gold coin from Bullion Direct (take a look at why I chose Bullion Direct) when the price of spot gold was around $650 an ounce. With gold price reaches 27-year high, the appreciation of my gold coin is also significant. The total cost of the coin [...]
Gold: Is $1000 an Ounce in the Offering?
Gold price has risen sharply in the past month, going up from $680 an ounce on September 5, to $741 on October 5. One of the reasons that pushed gold to 28-year high was the recent Fed rate cut and speculations that there will be one more reduction in federal funds rate before the year [...]
Gold Price Climbs Back to $700/Ounce
This stock market in the past month didn’t offer investors much of joy as major indexes gave back a big chunk of their gains after peaked later July. At the same time, gold has made a quite come back to close at a six-month high of $694 an ounce yesterday. It could go over $700 [...]
