Gold Price Supported by Currency Values
Gold – Gold investment is becoming more accepted as a substitute for currency by industry observers, particularly in light of the context of all four major currencies experiencing structural debasement.
Articles Tagged "currency"
Demand Rising for Physical Gold
Gold – A lack of confidence in the value of currency and the financial management of many economies is pushing up the price of physical gold, though demand from investors continues to rise along with the need for storing this bullion in vaults across the globe.
The Euro May Struggle to Stack Up Against Gold
Gold – Changes to the European Financial Stability Facility could mean a loss in value of the Euro currency in relation to gold and other precious metals.
Silver Dealers Gear Up for Increased Demand
Silver – Fall is often a time for active trading. This, combined with insecurities over global currencies, is preparing metals traders for a rush to silver.
Dive in Silver Price a “Setup,” Says Sprott
Silver – Eric Sprott is CEO of Sprott Asset Management and a long-time proponent of owning both gold and silver. He is also a long-time proponent of the belief in the conspiracy theory whereby large financial institutions are colluding to drive silver prices down, as when prices fell from around $50 to $32 an ounce in May.
Silver to Join Gold as a Currency?
Gold – Larry W. Reaugh argues that gold and silver could once again back global currencies.
Gold hits two-week high over $1,400 as USD sinks
Gold – Reuters reports that Gold prices jumped nearly 1.5 percent on Tuesday.
Gold Futures Rise to Record Closing Price on `Currency Debasement’ Concern
Gold – Bloomberg reports that Gold futures rose to a record settlement of $1,416.10 an ounce on concern the U.S. will pump more cash into the economy.
Crude Oil Rises From Lowest Level in a Week
Oil – Bloomberg reports that Oil rose from the lowest level in a week after the U.S. economy grew more than previously estimated in the third quarter.
Gold’s Allure Tied to Interest Rates
Gold – USfunds.com reports any pullback in gold should be muted as compared to stocks, bonds, and other commodities.
