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A while ago I wrote about how the Chinese people were buying more and more gold coins and gold bars.
Here is an excerpt from that post:
“The total amount of household savings invested in gold has grown from about $200 billion in the late 1990s to $1.2 trillion in 2010. …
For generations people have hoarded cash in times of economic uncertainty.
For some that has meant hoarding cash in their bank accounts, while others have taken the more literal route and have stashed bank notes under their mattresses or in shoe boxes.
Why do people hoard cash?
It’s about feeling …
If you have been following world economic news of late, you know there are lots of scary questions on the table right now.
Will Greece default on its debts?
What will happen if and when the U.S. hits its debt ceiling?
Will the Federal Reserve announce a QE3? (Otherwise known as printing …
Will the central bank of China be buying more gold?
In my last post I wrote about how scarcity of supply, combined with potential movements into gold from stocks and bonds, could drive gold prices as high as $10,000.
Well, here is another reason why prices could reach some …
As I have mentioned in previous posts, gold is unique among investment vehicles because of its scarcity.
Most investments, like stocks, bonds and real estate can respond to a sudden increase in demand.
For example, if there is a surge in demand for residential real estate (not likely right now), more and …
The first few times you buy a gold coin, there is an overwhelming temptation to store it at home. Heck, it’s gold, and you want to be able to take it out and see it from time to time.
And that’s fine.
But even if you don’t buy any more gold …
Turn to any business news channel on TV, or read one of hundreds of websites online, and you’ll find very well qualified experts making predictions about where gold prices are going over the next few days, weeks or months.
But the funny thing is, when the next few days, weeks …
That headline is a direct quote from J.P. Morgan.
He was and is right. When you hold a twenty dollar note in your hand, it isn’t money. As it says right at the top of the face of the bill, it’s a Federal Reserve Note. It’s simply a note from …
If you have ever wondered how close world governments are to recognizing gold as money, look no further than Europe.
In a May 25 press release, the European Parliament stated:
“The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming …
