I’ve been singing the same song to my readers all year: look at dips in the price of gold bullion as an opportunity to buy more of the metal.
When gold fell below $1,150-an-ounce in early November and so many analysts came out with the prediction of $1,100 or $1,000-an-ounce gold, I was writing about what a bargain gold stocks had become… Read More
Silver is down 70% from its high of $48.70 an ounce back in April of 2011. And the calls from the mainstream are for silver prices to fall farther, as the Federal Reserve has stopped printing paper money and inflation is nowhere in sight. I beg to differ.
As the price of one ounce of silver reaches a four-year low, investors are running to bu… Read More
The demand and supply situation for gold bullion, something I’ve often talked about in these pages, has taken a new course…one very favorable to gold bulls like me.
Gold buying in India is up 450% in the first nine months of 2014 compared to the first nine months of 2013. (Source: Government of India, October 14, 2014.) The jump in go… Read More
The fundamentals for higher gold bullion prices continue to impress. The table below illustrates the output from U.S. mines in the first six months of 2014 compared to the first six months of 2013.
In the below chart, we quickly see that since March of 2014, production of the precious metal has been quickly declining. Meanwhile, on the … Read More
The fundamentals that drive gold prices higher are in full force and improving. Central banks are buying more of the precious metal (to add to their reserves), while countries that are known to be big consumers of gold bullion post increased demand.
According to the India Bullion & Jewellers’ Association, India’s monthly g… Read More
The numbers are in…
In the second quarter of 2014, world central banks bought 117.8 tonnes of gold bullion compared to 92.1 tonnes a year earlier—a jump of 28%. Central banks have been net purchasers of gold bullion for 14 consecutive quarters!
According to the World Gold Council, “Economic and geopolitical events throughout … Read More
Well surprise, surprise, surprise.
Gold bullion rallied just under $50.00 an ounce yesterday…and nobody expected it. (Okay, maybe just me. In a single day yesterday, my portfolio went up by twice the amount the stock market has risen in all of 2014.)
Going through all the major financial web sites, I read story after story yesterda… Read More
While the Federal Reserve has cut back on its money printing program, the fact of the matter is that the “official” U.S. national debt is closing in on $18.0 trillion. The unofficial national debt (when obligations like Social Security, Medicare, Medicaid, welfare, and now Obamacare are taken into consideration) is closer to $… Read More
The most compelling argument for owning gold bullion I have ever heard…
A 63-year-old businessman went to a doctor complaining he had swallowed a bottle cap in anger after he had a fight with his wife. After a three-hour surgery, the doctors found 14 ounces of gold bullion in the man’s stomach. The police and Customs were called, an… Read More
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My long-time readers know I’ve been a gold bullion bull for years—ever since 2002! And whenever gold bullion prices get weak, I just buy more. In fact, last year, when gold bullion prices took it on the chin, I bought more.
I like to buy an investment when it is down and out of favor. And that’s how I look at gold today. When I study the d… Read More