by agm | Jul 19, 2011 | news
NEW YORK (AP) — Gold’s reputation as a safe place for your money sent it above $1,600 for the first time. Investors are worried about debt problems on both sides of the Atlantic. So they bid gold up $12.30 an ounce Monday to settle at $1,602.40. That’s a...
by agm | Jul 18, 2011 | news
Gold rallies past $1,600 amid economic fears The metal hits record highs as investors worry about the persistent debt crisis in Europe and the potential for a default in the US. By TheStreet Staff on Mon, Jul 18, 2011 10:01 AM Gold prices reached record highs Monday...
by agm | Jul 15, 2011 | news
SAN FRANCISCO (Market Watch) — Gold futures finished higher Friday to score a gain of 3.2% for the week, as lingering concerns over the potential for U.S. and euro-zone debt defaults helped prices tally a nine-session gain of nearly $108 an ounce. Gold for August...
by agm | Jul 14, 2011 | news
More Americans are looking for a way to add luster to their individual retirement accounts — gold. They are taking advantage of little-known U.S. tax regulations to buy precious metals, coins and bars for their IRAs. Still, some investors consider precious...
by agm | Jul 8, 2011 | news
Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially...
by agm | Jun 14, 2011 | news
European sovereign-debt markets in chaos threatening the viability of the euro — budget deadlock in Congress — Ben Bernanke implying yet more monetary ease — and this evening Moody’s threatening a downgrade on U.S. debt … and gold goes to new highs? Duh! Many would...
by agm | Jun 8, 2011 | news
Traditionally, gold tends to take a bit of a breather during the summer season but this year might be a little different. The metal is likely to have a big summer, because of what is going on at a big picture geopolitical level. Gold price may surpass $1,650 an once...
by agm | May 14, 2010 | news
The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now it’s threatening countries around the globe — and, if left unchecked,...
by agm | Jan 15, 2010 | news
Gold is once again above $1,200 and making new highs. And yet, Doug Casey thinks we’re just getting started, estimating gold could touch $5,000 before this is all over. A titillating thought, to be sure, but… how likely is that? Gold’s latest rise stems from mounting...
