| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1720.30 | 1721.00 | $5.50 | 0.32% |
| SILVER | 33.599 | 33.639 | $0.011 | 0.033% |
| PLATINUM | 1624.00 | 1629.00 | $6.50 | 0.40% |
| PALLADIUM | 702.00 | 706.00 | $1.50 | 0.21% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Monday, Feb. 06, 2012
Would Eurozone Be Better Off Without Greece?
By James O'Dell February 6, 2012, Los Angeles – The price of Gold eased 1.82 percent or $32.00, to close at $1,726.00 an ounce on Friday, after better than expected payrolls data put investors hopes for more stimulus from the ...
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Gold News from Morgan Gold
JPMorgan Reduces GDP Estimate
August 23, 2010
August 23, 2010, Los Angeles – The price of Gold closed slightly lower on Friday after rising for six days straight as the dollar rose sharply against the euro and Silver fell to $17.98 an ounce from $18.24 on Thursday.
The Gold bullion market is entering into its strongest seasonal period, in the month of September, a period when in the past 20 years the price of Gold has risen an average of over 3 per cent.
During the past decade Gold bullion prices have more than quadrupled and returns from corporate bonds have doubled while the stock market, overall, has been a colossal loser.
According to Bespoke Investment Group, since August 2000, the benchmark Standard & Poor's 500 index; has lost about 11 per cent total return and that's including dividends.
That means that any investors who put $10,000 into an S&P index fund 10 years ago and held onto it, now have less than $9,000 to show for their trouble.
As central banks around the world have continued to follow a familiar pattern of debasing their currencies as a deterrent to deflation, the Gold price continues to outperform stocks.
Ed Yardeni, who runs his own investment and economics consulting company, says: "Investors are fed up with stocks, but they are still diversified: Half their portfolio is in gold and half in bonds."
Providing additional pressure to the equity market was JPMorgan’s recent report reducing its GDP forecast for the remainder of 2010.
Robert Mellman, JPMorgan's chief economist, cut his third and fourth quarter estimates from 2.5 per cent and 3.0 per cent to 1.5 per cent and 2.0 per cent, respectively.
Because of the report, the Fed is expected to undertake an expanded quantitative easing program by the end of 2010 when it will be increasing its balance sheet through additional asset
When governments debase their currencies through quantitative easing programs paper assets begin to have questionable value. You can protect your wealth by converting a portion of your assets into physical Gold and Silver. Invest in Gold and Silver bullion and coins today.
‹‹ news archives
The Gold bullion market is entering into its strongest seasonal period, in the month of September, a period when in the past 20 years the price of Gold has risen an average of over 3 per cent.
During the past decade Gold bullion prices have more than quadrupled and returns from corporate bonds have doubled while the stock market, overall, has been a colossal loser.
According to Bespoke Investment Group, since August 2000, the benchmark Standard & Poor's 500 index; has lost about 11 per cent total return and that's including dividends.
That means that any investors who put $10,000 into an S&P index fund 10 years ago and held onto it, now have less than $9,000 to show for their trouble.
As central banks around the world have continued to follow a familiar pattern of debasing their currencies as a deterrent to deflation, the Gold price continues to outperform stocks.
Ed Yardeni, who runs his own investment and economics consulting company, says: "Investors are fed up with stocks, but they are still diversified: Half their portfolio is in gold and half in bonds."
Providing additional pressure to the equity market was JPMorgan’s recent report reducing its GDP forecast for the remainder of 2010.
Robert Mellman, JPMorgan's chief economist, cut his third and fourth quarter estimates from 2.5 per cent and 3.0 per cent to 1.5 per cent and 2.0 per cent, respectively.
Because of the report, the Fed is expected to undertake an expanded quantitative easing program by the end of 2010 when it will be increasing its balance sheet through additional asset
When governments debase their currencies through quantitative easing programs paper assets begin to have questionable value. You can protect your wealth by converting a portion of your assets into physical Gold and Silver. Invest in Gold and Silver bullion and coins today.
‹‹ news archives
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