| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1592.60 | 1593.30 | $18.80 | 1.19% |
| SILVER | 28.720 | 28.760 | $0.720 | 2.568% |
| PLATINUM | 1453.50 | 1458.50 | $5.50 | 0.38% |
| PALLADIUM | 602.50 | 606.50 | $3.50 | 0.58% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Saturday, May 19, 2012
Are Investors Draining Greek Banks And Buying Gold?
By James O'Dell Los Angeles, CA. – Morgan Gold - Gold and Silver bullion prices rallied for a second day on Friday, with the price to buy Gold now at $1,593.60 an ounce and the price to buy Silver at ...
LEARN MORE
Gold News from Morgan Gold
Protect Your Assets With Physical Gold Not A Gold ETF
December 8, 2011
By James O'Dell
Los Angeles, CA. – Morgan Gold - Gold and Silver prices dipped on Thursday morning with Gold trading at $1,708.90 an ounce and Silver trading at $31.64 an ounce, when new European Central Bank (ECB) President, Mario Draghi, presenting only his second monthly press conference since succeeding Jean-Claude Trichet, was unable to convince investors that their leadership would be able to halt the region's debt crisis at Friday's summit meeting in Brussels.
President Draghi announced a number of temporary “non-standard” measures aimed at increasing liquidity; first, the central bank will conduct two Long-Term Refinancing Operations, with longer than expected 36-month maturities (the market had been expecting 24-month repos). The ECB will then reduce the collateral requirements on ECB loans, and cut in half, the reserve requirements for commercial banks from 2 percent to 1 percent.
Draghi also cut ECB interest rates by 25 basis points to 1.00 percent as expected, but disappointed investors when he warned that purchasing bonds to support the debt of weaker eurozone nations is "not infinite." Draghi’s message “could not have been clearer: don’t expect the central bank to save the euro zone with bigger purchases of government bonds or by lending to the IMF,” said John Higgins, market economist at Capital Economics.
With the possible unraveling of the eurozone and the accompanying financial crisis and worldwide recession, you can't blame investors for fearing an economic collapse, but if you're concerned and want to protect yourself against an economic meltdown, most experts recommend owning Gold. But it must be physical Gold, not shares in a Gold ETF, avoid assets stored on paper, like paper money, and hold tangible assets like Gold and Silver.
Financial expert Michael Noonan strongly advises owning physical Gold and Silver. "Buy and hold it now while it is available at current prices," writes Noonan, former analyst and money manager. "It is a far safer way to hold an asset than fiat paper and deposits that are perpetually at risk." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in physical Gold and Silver bullion and protect your wealth in 2012.
Widely recognized Gold and Silver bullion coins and bars can be bought and sold quite readily at Morgan Gold and they can be easily stored in a safe-deposit box if needed. Did you know you can add Gold and Silver bullion to your IRA? Hear Edmund C. Moy, former director of the U.S. Mint, now representing Morgan Gold, speak on Gold and your retirement. Call 1.800.585.1773 and let our team at Morgan Gold help you diversify your portfolio today. Ask about our Sterling Trust Precious Metals IRA.
‹‹ news archives
Los Angeles, CA. – Morgan Gold - Gold and Silver prices dipped on Thursday morning with Gold trading at $1,708.90 an ounce and Silver trading at $31.64 an ounce, when new European Central Bank (ECB) President, Mario Draghi, presenting only his second monthly press conference since succeeding Jean-Claude Trichet, was unable to convince investors that their leadership would be able to halt the region's debt crisis at Friday's summit meeting in Brussels.
President Draghi announced a number of temporary “non-standard” measures aimed at increasing liquidity; first, the central bank will conduct two Long-Term Refinancing Operations, with longer than expected 36-month maturities (the market had been expecting 24-month repos). The ECB will then reduce the collateral requirements on ECB loans, and cut in half, the reserve requirements for commercial banks from 2 percent to 1 percent.
Draghi also cut ECB interest rates by 25 basis points to 1.00 percent as expected, but disappointed investors when he warned that purchasing bonds to support the debt of weaker eurozone nations is "not infinite." Draghi’s message “could not have been clearer: don’t expect the central bank to save the euro zone with bigger purchases of government bonds or by lending to the IMF,” said John Higgins, market economist at Capital Economics.
With the possible unraveling of the eurozone and the accompanying financial crisis and worldwide recession, you can't blame investors for fearing an economic collapse, but if you're concerned and want to protect yourself against an economic meltdown, most experts recommend owning Gold. But it must be physical Gold, not shares in a Gold ETF, avoid assets stored on paper, like paper money, and hold tangible assets like Gold and Silver.
Financial expert Michael Noonan strongly advises owning physical Gold and Silver. "Buy and hold it now while it is available at current prices," writes Noonan, former analyst and money manager. "It is a far safer way to hold an asset than fiat paper and deposits that are perpetually at risk." Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in physical Gold and Silver bullion and protect your wealth in 2012.
Widely recognized Gold and Silver bullion coins and bars can be bought and sold quite readily at Morgan Gold and they can be easily stored in a safe-deposit box if needed. Did you know you can add Gold and Silver bullion to your IRA? Hear Edmund C. Moy, former director of the U.S. Mint, now representing Morgan Gold, speak on Gold and your retirement. Call 1.800.585.1773 and let our team at Morgan Gold help you diversify your portfolio today. Ask about our Sterling Trust Precious Metals IRA.
‹‹ news archives
Copyright © 2010, Morgan Gold, 19900 MacArthur Blvd., Suite 150, Irvine, CA, 92612 |
Privacy Policy
