“My opinion is very simple as a fiduciary… to the extent that you own gold and you are going to own it a long time –it’s not a trade. It costs us about 90 basis points a year to roll it through financial futures contracts,” he said. “And then we went and looked at the [...]
“This is my favorite time of the year and I’m in a great mood for receiving this year” – Mike Greenberg, Mike and Mike in the Morning on ESPN. I’m in a great mood right now to receive any news whatsoever that the CFTC is going to crack down on the illegal manipulation that has [...]
Money functions as a: Means of exchange Value storage Value measure Gold ticks all three functions. Gold has been universally accepted as money for over 5,000 years. …but what is money? What is currency? They are not the same. Confused??? People have always needed a stable medium of exchange in order to trade goods with [...]
Silver is a better investment than Gold right now because it is far more undervalued. Why? Savvy precious metals owners follow the “Gold-Silver Ratio”…GSR for short. This is the ratio of the number of ounces of Silver it takes to buy one ounce of Gold. The historical GSR is 16 to 1 (meaning that it would take 16oz of [...]
The big drop in gold this week makes one question reasons for owning the shiny, yellow metal.Gold was hit for nearly $100 an ounce last week, which is only 3% in percentage terms. Silver was clobbered…down over 7%! Yikes! Abandon Ship! ..right? Hold on just a minute…No market goes up in a straight line…not even gold. I suspect [...]
Buying gold coins these days can be expensive…especially if you pay a 30% premium over the Spot gold price for your favourite coin! The spot market is where professional bullion dealers buy and sell gold for more-or-less immediate settlement. The cheapest way to get physical gold is to buy a gold futures contract! The New York Mercantile Exchange (NYMEX) is [...]
Gold is viewed an excellent hedge against inflation and deflation. Although gold is off its all-time record high of $1,924, the case for higher gold prices almost seems bullet proof…but how does one invest in it?Die-hard gold investors often say that the only safe gold investment is the coin you can hold in the palm of [...]
