Shocked by today’s news? The stock market continues to plummet after a recession warning and last week’s announcement of China devaluing its currency. The good news is that the price of gold is over $1,500 and shows no signs of stopping! Today’s market news fuel tomorrow’s investors who will make their move to secure their retirement with gold and silver....
Many people think that money or assets they store in a bank safe deposit box is guaranteed to be safe. With the security of a bank vault and the requirement of two keys to get into the box, what could go wrong? But while a safe deposit box may deter ordinary thieves, it isn’t immune to the reach of...
One of the vitally important markets in gold is the Indian gold market. Gold has a long and storied history in India, being a fundamental part of Indian religious life from temple offerings to wedding gifts. Many Indian families hold a significant part of their wealth in the form of gold, mostly in jewelry. Some Indian temples that have...
Gold’s price, like the price of any other asset, is driven by issues of supply and demand. Increases in supply lead to price drops, while increases in demand lead to price increases. With the mining sector facing increasing difficulty in discovering new gold deposits, and with economic headwinds encouraging more and more investors to get into gold as a...
How much money does the US government owe? If you answered $22 trillion, you’re right… but only partially so. The national debt is hovering at around $22 trillion, a staggering figure of itself, and one that exceeds the nation’s entire economic output. But that’s not the full amount the government will have to pay in the future. A recent report...
The numbers aren’t looking good for international trade. Industrial production, exports, and imports are all falling around the world. While President Trump gets a significant portion of the blame for that from the mainstream media, the fault isn’t entirely his. Yes, tariffs on Chinese and European goods have exacerbated trade disputes and worsened the trade situation, but things were...
With the price of gold still hovering around the $1,300 per ounce range, many investors are impatiently waiting for a breakout. As with any other investment, patience is a virtue. Investing in gold is a long-term strategy, not a short-term get rich quick type of investment. But those investors who have been patient and who have held on to...
Another month, another report of more Chinese gold purchases. For the fourth consecutive month the Chinese government has added to its official gold reserves, with another 360,000 ounces, or 11 tonnes, of gold purchased in March. That brings the country’s official gold reserves up to 60.62 million ounces. The fact that China continues to purchase gold is an important indicator...
The law of supply and demand is a cornerstone of economics that helps explain today’s rise in silver demand. If the supply of a good decreases, prices for that good will rise. If the supply increases, prices will fall. Conversely, if demand for a good decreases then prices will fall. If demand increases, prices will rise. When looking at gold, silver, and other precious metals, analysts often...
While millions of investors understand the importance of gold as the ultimate money, they also understand that governments everywhere make it difficult to use gold as money. Until restrictions are lifted gold will have difficulty in reclaiming its monetary role. But the future of gold as money will be digital, with consumers being able to use gold-backed digital currency...