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Gold fell 2% on Thursday, but this is just reflective of routine profit taking, said Jim Wyckoff, senior analyst of Kitco News.
Importantly, the U.S. dollar has moved up on Thursday’s session, likely as a consequence of having fallen for too long, Wyckoff said.
“Importantly, the price uptrend in gold on the daily chart remains in place. The bulls are still in firm technical control,” Wyckoff told David Lin, anchor for Kitco News.
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Gold Goes Through Trial by Fire
When it comes to measuring gold content the most accurate and widely favored method is the fire assay. In this method someone scraped off a very small but from the gold object. This scraping is then wrapped in lead foil and silver is added to it.
The Never-Ending Lure of Spanish Gold CoinsOne simply cannot mention the words Spanish gold coins without envisioning pirates, hurricanes, and shipwrecks in the Caribbean… Spanish gold coins are truly exquisite in their design and detail. Many of these historic coins are available to collectors and investors in a wide range of denominations, sizes, and gold content.
Gold Coins and Gold Bullion a Great Inflation Or Recession InvestmentGold coins are often considered during tough economic times. People are always looking for the safest place to place their financial portfolio to guard against the inflation or deflation of their investments. Gold has always been a strong contender for this protection. Once the economy takes a strong position in altering someone’s portfolio on short notice, gold coins are quick to be considered as the protection factor. The subsequent question is what kind of gold coins should you buy?
Investing in Gold CoinsIn today’s turbulent economy, one thing is for certain, coins made of precious metals are a good investment. Since the days of ancients, precious metals been used to bolster economies, and now you can do the same for your coin portfolio. By having gold coins as part of your portfolio, you are assured the overall value of your collection will increase as the price of gold increases. Gold coins can be purchased with ease these days, as they are available on the internet. Gone are the days where you would have to find a reputable coin shop. Simply by going on eBay you can find a vast number of gold coins. Some of the more popular gold coins are American gold quarter eagle, eagles, and double eagles. Of course, the most popular of those is the St. Gauden’s Double Eagle, which depending on the dates, can fetch up anywhere between, $1000-$20000. A St. Gaudens Double Eagle from 1933 sold for a recorded $7.5 million dollars in 2002, the highest price ever paid for a coin.
2009 – A Golden Opportunity For Gold InvestingIf there was ever a perfect year in the history of the world to be the holder of investment gold, 2009 is that year. Here are two reasons why.
Twelve Reasons to Invest in Gold TodayThat is an extraordinary return in the current economic conditions if I was to sell my coins today. I believe that gold coins will rise further. It just shows that there is money to be made during a recession. I spoke with a gold bullion firm earlier today and they only had 2 Krugerrand coins for sale. They said that people were turning to real gold rather than paper gold in this recession as they felt better holding real gold rather than a share certificate for gold.
What Motivates a Person to Buy Gold Coins?There are many influences that would motivate a person to start acquiring gold coins. Since gold ordinarily increases in value, it is normally a good investment for both buyer and seller. Even now, the demand for rare coins is very strong.
Sell Your Stocks and Shares and Invest in Gold and LandAs you are all aware stocks and shares have been taking a lot of punishment lately. The European and U.S stock markets are like taking a ride on a one way roller coaster in one direction – down. The few of us who were aware of the upcoming crisis sold our stocks and shares and moved the money into safer investment vehicles.
Gold As an Investment Option – Increasingly Popular, Steadily SmartIf you have no idea where to store your money now that your faith in the stock market is shaken, you’re not alone. More and more people are turning to precious metals as a safe place to stash their capital.
Buying Gold Bullion, What Differentiates Gold BullionBuying gold bullion is one of the most popular ways to invest in gold. You will see what separates gold bullion from other forms of gold.
