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Category Archives: gold

Two big reasons gold will keep going higher

“Low real interest rates should attract further investment demand for gold. Gold should also benefit from rising uncertainty over the economic outlook.

Gold to benefit from low yield environment.  Precious metals benefit from the low yield environment. In particular, gold is less cyclical than other commodity markets and should perform well in the weeks ahead.”

via CREDIT SUISSE: LOW RATES AND ECONOMIC UNCERTAINTY ARE BULLISH FOR GOLD | PRAGMATIC CAPITALISM.

 
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Posted by on June 14, 2011 in gold

 

A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold | zero hedge

“The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.”

via A Golden Tipping Point: University of Texas Takes Delivery Of $1 Billion In Physical Gold | zero hedge.

 
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Posted by on April 18, 2011 in economy, gold, money, trends

 

$8,000 Gold soon

 

Speaking at Mining Indaba conference in Cape Town, James Turk forecast that gold could reach $8,000 per ounce by 2013-2015. He added that that may be too conservative.

Turk, the founder of digital gold currency GoldMoney, said individuals should own bullion not as an investment, but as a wealth preserver.

 


$8,000 Gold by 2013-2015 May be Too Cheap « MineFund.

 
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Posted by on February 14, 2011 in business, economy, forex, gold, investing, money

 

Jim Rogers: I Would Rather Own Silver Than Gold

Silver is becoming a better investment than the one of the hottest commodities of the past few years, gold, says investment guru Jim Rogers.

Rogers, a commodities champion, says silver prices have more room to grow than do gold prices.

“I would rather own silver than gold,” Rogers tells India’s ET Now.

“Silver is still 40 percent below its all-time high. So silver has not been any sort of great bubble compared to perhaps some other assets we know.”

via Jim Rogers: I Would Rather Own Silver Than Gold.

 
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Posted by on January 5, 2011 in gold, investing, money, silver

 

Privateer

A privateer was a private person or private warship authorized by a country’s government by letters of marque to attack foreign shipping. Privateers were only entitled by their state to attack and rob enemy vessels during wartime. Privateers were part of naval warfare of some nations from the 16th to the 19th century. The crew of a privateer might be treated as prisoners of war by the enemy country if captured. The costs of commissioning privateers was borne by investors hoping to gain a significant return from prize money earned from enemy merchants.

It has been argued that privateering was a less destructive and wasteful form of warfare, because the goal was to capture ships rather than to sink them.[1]

The privateer was authorized by a national government to engage as a commerce raider, interrupting enemy trade. Privateers were of great benefit to a smaller naval power, or one facing an enemy dependent on trade: they disrupted commerce, and forced the enemy to deploy warships to protect merchant trade. Privateering was a way of mobilizing armed ships and sailors without spending public money or commissioning naval officers. Some privateers have been particularly influential in the annals of history. The captured cargo and the prize vessel itself, if serviceable, would be sold at auction with the proceeds distributed among the privateer’s owners, officers and crew; sometimes the vessels were commissioned into regular service as warships.

via Privateer – Wikipedia, the free encyclopedia.

 
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Posted by on December 16, 2010 in gold, info, money

 

Confiscation of Gold Coins, Bars

During the Great Depression the United States government confiscated all gold coins and bars held by its private citizens, under threat of fines and imprisonment. Gold in most monetary forms was illegal to own in the U.S. until 1975. Even today laws remain on the books that make instituting another such mandatory seizure of your wealth just one executive order away.

via Wealth Protection – The Heirloom Collection – 24K Pure Gold Jewelry.

 

It’s no secret that gold is an unmatched hedge against inflation. Unlike paper currency, over the past 75 years gold has actually increased its buying power – while the dollar has lost more than 95% of its value.

In 1935, when an ounce of gold was worth $35, you could buy:

* a good tailored suit for $19.75 – or 0.56 ounces of gold
* a family car for $500 – or 14.3 ounces of gold
* a house for $7,150 – or 204.2 ounces of gold

Today, with gold in the area of $1,400 an ounce:

* that same good tailored suit costs $600 – or 0.43 ounces of gold
* the family car now costs $17,000 – or 12.1 ounces of gold
* the house averages $181,100* – or 129.3 ounces of gold

 
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Posted by on November 30, 2010 in economy, gold, investing, money

 

Should You Buy Gold From the TV or the Radio

YouTube – Rep. Weiner featured in ABC News Investigation of Goldline – Nightline.

 
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Posted by on November 30, 2010 in economy, gold

 
 
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