Gold Bounces Back After Slip Author: Alix Steel
A weak U.S. dollar is believed to have helped boost gold prices to $1,748.40 an ounce Tuesday after a slide of 2% over the previous two days. Greece’s ability to raise funds at lower yields helped strengthen the euro, which also contributed to the price recovery. Experts find the rebound impressive considering China’s relaxed position on gold bullion and jewelry buying and a forecast that the country’s consumption may slow even more moving through 2012. Silver prices were also up on the news, climbing $0.44 to $34.19 an ounce.
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Gold IRA: Options For Investing In Gold Using A Self-Directed IRA Or Traditional IRA Author: Eric Ames
From a self directed gold IRA to a traditional IRA or 401(k), there are many options available to investors looking to invest in gold using their IRA or 401(k) funds.
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Gold, Silver Dip Against Strong Dollar Author: Alix Steel
The price of gold and silver slipped on news of a U.S. dollar strengthened by profit taking and foreign financial turbulence. Gold for February delivery dropped $3.60 to $1,728.60 an ounce and silver fell $0.40 to $33.38 an ounce, although analysts believe the slide is not indicative of longer-term concerns. Disagreement among European Union (EU) nations about how to handle its financial crisis and an unwillingness of Greece to have its fiscal policy approved by EU advisors helped to boost the dollar’s profile, which in turn took a bite out of two commodities.
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Gold Set to Move on Fed Announcement Author: Scott Pluschau, ETF Digest
The Federal Reserve has announced that it will keep interest rates low through 2014, which means gold investors may be getting back into the game, according to some analysts. Gold recently broke away from a downward trend, and that combined with the Fed rate plan and growing lack of faith in fiat currency may put gold on an upward track. Investors recommend making buy or sell decisions based on the totality of performance over a given period rather than simply noting entry and exit prices.
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Gold’s Peak Projected in 2013 Author: Alix Steel
Research consultancy GFMS reports that it expects gold prices will peak by the beginning of 2013 based on a combination of factors that will unfold throughout the coming year. Analysts believe gold may see a peak as high as $2,000 per ounce before investors start moving away from the commodity due to projected rising interest rates and a balancing of accounts sap the need for a safe haven from the market. Buyers will also be watching for increases in Indian demand, which dropped off significantly in 2011. Higher gold production and discrepancies between bar demand and investor demand will also likely play a role, says GFMS.
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Forbes Chairman Advocates Gold Standard Author: Alix Steel
Steve Forbes, Forbes magazine’s chairman and editor-in-chief, is concerned about the erosion of the U.S. dollar through artificially low interest rates and enslavement to the fiat currency system, and he has an idea of how to turn things around. He advocates a revised gold standard that pegs the dollar to a set value for gold ($1,500 per ounce), then allowing the Federal Reserve to raise or lower rates based on the dollar’s performance against that price. The U.S. has utilized the gold standard in the past, but now there are trillions of dollars in circulation and the country faces a mountain of debt, which Forbes argues is a sign to take action rather than remain mired in old ways.
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What's In Store For Gold Prices In 2012? Author: Alix Steel
Analysts are unsure whether gold will see the performance in 2012 many forecasted for the metal prior to its lackluster finish last year. Much of the growth seen in 2011 was driven by incredible demand from India and China, much of which has fallen off as the two countries struggle to sustain skyrocketing growth. The drop-off in Asian demand is coupled with an increase and gold production and the possibility that central banks may start selling off gold stores to raise cash. Experts say corrections are normal and that gold has been increasing in value overall for the last 10 years, but investors may be growing weary of the supposed safe-haven investments volatility.
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Investing In Silver: The Basics Author: Peter Krauth
Silver climbed as high as $50 an ounce in 2011, but has since cooled; however, experts believe the resting period will soon end and that the commodity will soar to new heights as a safe haven to protect against weakening currency and inflation. The two main methods of entering the silver market are by purchasing physical silver or investing in exchange-traded funds in the market. The former has the benefit of putting silver in investors’ hands, but comes with storage and insurance costs, and added costs accrued during sale. ETFs are easier to buy and trade, but investment should be reserved for ETFs backed in actual silver.
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Gold Prices Lose Momentum Author: Alix Steel
Gold entered 2012 on a high note as investors pushed prices up 2% at the outset, but the numbers tumbled soon after and now hover around $1,600 an ounce. The Eurozone debt crisis and members’ moves to fund a recovery are impacting gold value and it has recently been tracking with stocks and the euro while moving against the U.S. dollar. Analysts expect recent European moves and early-year interest in diversifying in gold to create room for growth in prices in the near term, and may get a boost as a good safe haven bet when anticipated pressure between the U.S. and Iran increase.
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Gold Set for Growth in 2012 Author: Alix Steel
A majority of investment analysts believe gold will see gains going into 2012, despite troubled times in the last quarter of 2011. The Eurozone debt crisis encourages a stronger dollar that in turn hurts the value of gold and its viability as a safe haven investment. Even so, experts are forecasting gains of as much as $2,000 an ounce or more. There are doubters, of course, who speculate the value of gold will remain as volatile as ever and that large price falls are as likely as any possible gain. A look at gold mining production and profit, however, seems to suggest one doesn’t have to be a gold bug to see the value in gold investment now and in the near term.
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