Is Gold a Good Choice to Hedge against Inflation?
Early last month, I had a post on gold when the bullion recorded its biggest one-day increase ever in price. If you follow this blog long enough, then you know I have talked a lot about good. My investment in gold is not the metal itself, though I bought a couple of pieces of hardware. [...]
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 [...]
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 [...]
Finally, I Bought an American Buffalo Gold Coin
I finally did today what I have long been considering doing: Buy gold. Today the waiting is officially over after I bought an one ounce American Buffalo gold coin from Bullion Direct, at the time when recent selling pressure has pushed the spot gold price from a nine-month high of $689 reached early this week [...]
