| 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 ...
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Gold News from Morgan Gold
Many Investors Receiving Holiday Gift Of Gold
December 22, 2011
By James O'Dell
Los Angeles, CA. – Morgan Gold - Gold and Silver bullion prices have eased on Thursday with Gold trading at $1,608.40 an ounce and Silver trading at $29.13 an ounce, a day after the European Central Bank (ECB) doled out nearly 490 billion euros in three year low price loans that eurozone banks literally gobbled up. The ECB tender, while failing to impress many market participants, delivered a surprise to the Spanish government when it sold 5.6bn euros of new debt on Tuesday at a surprise interest rate of 1.7 percent, down from 5.1 percent in November. Analysts believe the bonds were bought by several small and mid-sized banks wanting to offer the bonds as collateral to the ECB in Wednesday's loan operation.
Meanwhile, Gold bullion prices are being forecast by several large investment banks to return to double digit increases next year. Morgan Stanley, TD Securities, Bank of America-Merrill Lynch and SEB Merchant Banking, all see the price of Gold either averaging above $2,000 or trading above that level at some time during 2012. A move by Gold to $2,000 would be about a 23 percent leap based on the current Gold price of around $1,600.
"People get so caught up with the next three minutes for Gold and they should really be focused on the next three years," says Frank Holmes, CEO of U.S. Global Investors. "Does anyone really believe in the long term strength of the U.S. dollar?" Physical Gold investors should really consider taking a longer-term view based on at least a three to five year perspective.
Bill Fleckenstein, founder of Fleckenstein Capital, in his latest article in MSN Money, says investors have the opportunity to receive a holiday gift this year, in the form of Gold. Fleckenstein argues that the recent sell-off in Gold has created an excellent long-term buying opportunity for investors. In conclusion, Fleckenstein notes, “I wish I could add some intelligent thought as to why the metals have been hammered so hard — especially given the state of the world (the very thing that drove Gold prices higher all year, until recently).
“But sometimes the market just does bizarre things. It is what I refer to as the ‘perversity of markets,’ where they get you to give up on an idea just as it is about to work really well. For those who are interested in Gold, but are underinvested, Christmas has come early this year!” 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 physical Gold and Silver 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 bullion prices have eased on Thursday with Gold trading at $1,608.40 an ounce and Silver trading at $29.13 an ounce, a day after the European Central Bank (ECB) doled out nearly 490 billion euros in three year low price loans that eurozone banks literally gobbled up. The ECB tender, while failing to impress many market participants, delivered a surprise to the Spanish government when it sold 5.6bn euros of new debt on Tuesday at a surprise interest rate of 1.7 percent, down from 5.1 percent in November. Analysts believe the bonds were bought by several small and mid-sized banks wanting to offer the bonds as collateral to the ECB in Wednesday's loan operation.
Meanwhile, Gold bullion prices are being forecast by several large investment banks to return to double digit increases next year. Morgan Stanley, TD Securities, Bank of America-Merrill Lynch and SEB Merchant Banking, all see the price of Gold either averaging above $2,000 or trading above that level at some time during 2012. A move by Gold to $2,000 would be about a 23 percent leap based on the current Gold price of around $1,600.
"People get so caught up with the next three minutes for Gold and they should really be focused on the next three years," says Frank Holmes, CEO of U.S. Global Investors. "Does anyone really believe in the long term strength of the U.S. dollar?" Physical Gold investors should really consider taking a longer-term view based on at least a three to five year perspective.
Bill Fleckenstein, founder of Fleckenstein Capital, in his latest article in MSN Money, says investors have the opportunity to receive a holiday gift this year, in the form of Gold. Fleckenstein argues that the recent sell-off in Gold has created an excellent long-term buying opportunity for investors. In conclusion, Fleckenstein notes, “I wish I could add some intelligent thought as to why the metals have been hammered so hard — especially given the state of the world (the very thing that drove Gold prices higher all year, until recently).
“But sometimes the market just does bizarre things. It is what I refer to as the ‘perversity of markets,’ where they get you to give up on an idea just as it is about to work really well. For those who are interested in Gold, but are underinvested, Christmas has come early this year!” 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 physical Gold and Silver 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
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