Gold Trading » Gold Trading Update
Gold Stocks Now
Gold dipped significantly Monday morning to offer investors an opportunity to get back into the precious metal. With the US dollar finally showing some strength nearly all commodities dropped. The dollar weakness trend tends to work pretty well with gold, similar to oil. Given the massive amount of pumping that the US government has done, it should be expected that the dollar will fall further, offering a strong return for gold stock investors. The stock market has been buoyed by a fictional green shoots mentality and this has prevented gold from blasting through the roof. … Read entire article »
Filed under: Gold Trading Update
Gold Outpaces Silver
Gold is generally considered a stronger investment, in terms of wealth preservation, than silver. In 1970, before the Nixon Shock – taking the US entirely off the gold standard – an ounce of gold was $37.40 compared to $1.60 for silver. During the inflationary 1970s, both gold and silver grew exponentially. Gold to nearly $600 and silver to $15.50 in 1980. Gold significantly outperformed silver in this era. Silver has lost around 1/3 of its value since then, while gold continues to rally. In 2008 it busted through $1,000 and currently sits above $900. … Read entire article »
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