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Gold Price Made a Remarkable Increase

Jun 012012

As the month ends Gold Price Made a Remarkable Increase in gold price which gives hope to many investors and gold trade authorities. Plus the current economic circumstances seems very favorable for the next round of gold price increase.
This contradicts other presumption that gold price is trending a spiral down ward trend, and that it is one of the signs of a gold bubble that is about to explode. Indeed gold proves that this allegations are wrong, that gold is capable to compete in the market and that it is still a safe haven investment.
Here is the current performance of gold in the market.

Gold Price Made a Remarkable Increase
The GOLD PRICE range today stretched from $1,546.08 to $1,629.30. It closed at $1,629.30, worth $57.90 more than when it went to bed last night. That leaves a beautiful, strong, enchanting chart behind, a bottom with a mighty surge through the downtrend line from the March high at $1,792.70 and just beneath the $1,625.36 fifty day moving average.
Much more encouraging is the way gold sliced through $1,580 and $1,600 resistance and leapt to the next ($1,625) level. Folks, this is powerful movement. Gold cannot send you a louder message that it has left its low behind it and begun the next rally. NOW is the time to buy — now. Silver shot like a meteor over at 148c range today, from 2720.7 to 2869 cents. Closed near the top of the range at 2849.7c. Once silver gapped up at 2775c, in 3-1/2 hours it reached 2869c, a straight-line rise on the chart.
Meanwhile the Euro-zone continues to crumble. Right on time about the end of year’s first half (as expected) bad unemployment news turned up to rack an already panicked stock market which had been floating on fumes, hopes, & Fed propaganda. New jobs in May grew by 69,000, lowest in year and far short of the 158,000 economists expected.
That took unemployment up for the first time in 11 months, to 8.2%. Adding woe to pain, the government revised March & April estimates down as well.
Meanwhile overseas the Euro zone is forcing another austerity treaty on the weaker members. Too little, too late. Bad unemployment data in the face of an upcoming election will send the Fed skittering to the money pumps to keep the ship from sinking.
What y’all must not miss here is that stocks & metals parted ways, decoupled, disconnected, & diverged. Markets are screaming that they now expect more inflation, by the trainload.
BEHOLD, again markets teach us a lesson: Wait. Be patient. What the chart implies the chart will fulfill, although it be delayed by time, chance, & government manipulation. The doom hanging over stocks has Ben Bernanke sweating bullets or nickels or whatever he sweats, & will panic him at last into more inflation. He knows no other, and can do no other.
For more of this article by Franklin Sanders click of here.

Though gold shows a very volatile price this past few days and gives investors a hard time, nevertheless it also shows that it is still capable of turning the tables and make things favorable for itself. As unemployment, further inflation, and a coming election investors and authorities are predicting another round of quantitative easing from the Fed.
Things seems favorable as Gold Price Made a Remarkable Increase, and as economic tension grows investors will find ways to protect their assets from rising inflation, further making gold and other precious metals as a very attractive safe haven investment.

Risks on Fiat Money Financial System

Currency, Dollar, Euro Crisis, Federal Reserve, Gold News, Inflation No Responses »

Apr 152012

As the current global market relies on the value of fiat money currency, we are now facing a global currency crisis with an anticipated domino effect on our economies.

As certain authorities said, one factor that props up the current global financial system is confidence. Meaning our money system which is fiat money has no real value which must be backed up with tangible assets.

Our global financial system is just a Ponzi scheme, it has no real value and is built on US debt which many considered wrongfully as a reserve currency. With the paper money having no tangible asset as a backup for its value, it solely relies on empty promises made by a government overwhelmed with debt.

Banks at the moment have little cash as percentage in deposits. And with the current global financial system there are just a few safe haven investments that you can turn to just in case things comes crumbling down.

Here are some of the evidences that the worst on economic scenario is yet to come.

We have already experienced the biggest credit, government debt, and real estate bubble in history.
The US economic status is not getting any better which is a sign that the government is bankrupt, and that the US dollar currency will continuously lose its value and that it cannot sustain any longer.
The global financial system is unstable due to its dependence of fiat currency which is very unsound money.
Banks are over leveraged.
We have witnessed the failure to save the western economy and that its ill effects are continuously suffered by the people.
The cheap oil era is near its end.
There will be a great competition over vital commodities as the population continues to explode.
US, Europe, China and Japan had simultaneously had weak economies.
Baby boomer’s peak of taxpaying and spending years is nearing its end.
Greater septicity of economic risks due to the inter-reliance and connectedness of different markets.

As based in history no fiat money has ever survived for a long period of time. As we are now facing economic crisis, let’s open our eyes to other ventures that offers safe haven investment from this crisis that we are facing today. Give gold and silver investment a try.

Gold Vs. Silver

Currency, Dollar, Gold News, Gold Price, Inflation No Responses »

Apr 132012

Gold and silver are two of the most prominent precious metal in the market that has long been recognized for their intrinsic value and uses. As for now venture capitalists are always on the lookout on their current value and price in the market.

The current ratio of silver and gold prices is approximately 50 is to 1. Meaning you have to have 50 ounces of silver to be able to buy 1 ounce of gold. If we will look back in history, over the past 400 years, the median between these precious metals is somewhat like 16 is to 1 which is more likely to equate to the natural occurrence of silver and gold on earth’s crust which is more or less 17:1.

If we look closely in history, just prior to 1700 the ratio between these two precious metals was low nearly reaching 3:1 and never surpasses 16:1 ratio. Almost one century had passed and we see a gradual increase in the ratio difference between these two metal. It almost gone as high as 100 is to 1 ratio. These incidents lead some authorities to conclude that silver is undervalued than gold.

Silver just like gold is widely used as a monetary metal while at the same time has many industrial uses, these should make silver outperform gold in times of industrial advancements and economic upswings. But instead gold still holds the upper hand against silver even at times of economic growth. These only mean that there are a lot more grand investment opportunities that await investors if ever they choose to make precious metal business ventures.

As of the moment there is a strong investment demand in the market than selling pressures. So start investing now before precious metal price rise up again.

Investors Are Demanding More Gold

Currency, Gold Bullion, Gold Coins, Gold News, Gold Price No Responses »

Feb 202012

Despite last year’s high precious metal price it does not stop investors getting into gold investment. Moreover as the inflation in developing markets continues, coupled with currency debasement and deflation, venture capitalist search for more stable form of investment such as gold and silver. Thus, Investors Are Demanding More Gold this coming year.

With this, here is Eric McWhinnie to give us some insight about this increasing demand in the precious metals market.

Investors Are Demanding More Gold

The annual value for gold demand in 2011 equaled $205.5 billion, an all-time high and a 29 percent gain above the 2010 value. Jewellery accounted for $99 billion in gold demand, while investment demand was close behind with nearly $83 billion. Interestingly, the majority of investment demand value was due to physical bar and coin demand, which represented $75 billion. As more investors remain skeptical and lose confidence in the global financial system, they turn to physical gold for protection. The annual report explains, “The bar and coin story is one which has traversed borders led by China, India and Europe, but other markets have also participated in terms of relative growth rates. Store of wealth demand, diversification, negative real deposit rates, the threat of inflation in developing markets, deflation in developed markets and currency debasement have all contributed to driving up demand over the last few years.”

In 2011, the average price of gold averaged $1,571 per ounce, which was more than 28 percent higher than its 2010 equivalent. Record high gold prices also failed to significantly curtail the appetite for industrial demand. The technology sector demanded 463.5 tonnes of gold in 2011, down from 466.4 tonnes in 2010, but still above the 456.3 tonne average of the preceding five year period. Within the sector, electronic demand increased from 326.9 tonnes in 2010 to 330 tonnes in 2011. The dental segment is the one area that appears to be affected by rising gold prices. Dentistry gold demand fell 10 percent year-over-year to 43.8 tonnes

Even though 2011 was filled with volatility and higher gold prices, the world still craves the only world reserve currency that can not be printed. The current trends that have fueled the 11-year gold bull market remain in place. Furthermore, gold prices continue to receive additional support as central banks not only devalue fiat currencies, but also purchase gold themselves. In the past two years, central banks have purchased more than 500 tonnes of gold. Read the full story here.

As gold bars and gold coins are a more tangible form of investment and is more secure than stocks, and with the current situation in certain markets, it is understandable why Investors Are Demanding More Gold this year.

As more and more investors are getting into precious metal ventures as a way to protect their assets, it is expected that that great opportunities for capitalist will arise as the demand for gold and silver bars and bullion coins increases.