October 30, 2014 |

Former Fed Chairman Alan Greenspan on Gold

Alan Greenspan; economy

Where will gold be in five years? “HIGHER.” How much Higher? “MEASURABLY!” Former Fed Chairman Alan Greenspan spoke Wednesday to the Council on Foreign Relations. He said QE ultimately fell short of its goals referring to the end of the bond-buying program, which aimed to lower unemployment and spur stronger economic growth. Mr. Greenspan’s comments to the Council came as Fed officials were meeting in Washington, D.C., and expected to announce within hours the end of bond purchases. Mr. Greenspan said the bond-buying program was... Continue Reading

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October 24, 2014 |

Fall Markets Get Spooked, Gold Investors Sleep Easy

Gold on the rise Crop

It appears that Halloween is not the only thing spooking investors during the month of October. Global fear, a weak European Economy and low interest rates have sent markets on a roller coaster ride. For those who invest in physical gold, the ride has been much smoother. A Volatility buffet. Gold has performed as advertised for investors while markets have spiked and plummeted. During times of uncertainty and volatility, gold serves as a safe haven for investors and the last two weeks have certainly been... Continue Reading

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October 21, 2014 |

Wall Street’s 2014 Profits wiped out in one week

Wall Street Sign

In a word…PAIN Wall Street has been rocked this week as it endured its 5th straight losing session.  In the last five days, the DOW has lost over 850 points.  Since their high’s in mid-September, the markets on Wall Street have seen an average loss of 9% and over $1.5 Trillion of value was wiped away. The Dow opened badly on Wednesday, and then things got worse as it plummeted 460 points in early morning trading before reclaiming some of the early losses and ended... Continue Reading

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September 26, 2014 |

What does the recent gold mining unrest mean for gold investors?

Gold Mining Unrest - Advantage Gold

Last Wednesday, AngloGold Ashanti (JSE:ANG) (NYSE:AU) became the latest of  major gold mining companies to announce a major restructuring. Their shares dropped 16% in the wake of the announcing the need to raise $2.1 billion in a rights issue to spin its international assets into a new London-listed company. This move follows mining giant BHP Billiton’s (ASX:BHP) recent decision to split some of its less profitable assets into a new Australian-listed company. Fellow gold miner Gold Fields (NYSE, JSE:GFI) also split its South African assets... Continue Reading

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