Gold fever
January 18th, 2010 admin
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At Harrod’s department store in London, you can pick up a South African Krugerrand or a 27-pound gold bar along with a sweater and bed linens. Gold is sold like candy out of train station vending machines in Germany. Indian households are borrowing against jewelry the way Americans did not so long ago against their homes. And U.S. investors poured $15 billion into gold funds in 2009, as they were pulling money out of stock portfolios.
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At Harrod’s department store in London, you can pick up a South African Krugerrand or a 27-pound gold bar along with a sweater and bed linens. Gold is sold like candy out of train station vending machines in Germany. Indian households are borrowing against jewelry the way Americans did not so long ago against their homes. And U.S. investors...
Commenter Marlene on my post on how to value gold jewelry asked this: Is 14k Italian gold different in price than gold in the USA? The answer depends on which gold price we’re talking about. On the one hand, there is the retail price of the gold jewelry. This is what you’d pay at a jewelry store, secondhand store, or pawn shop. ...
Do have a lot of jewelry? Is a lot of it unused or unwanted? Jewelry boxes are sometimes overflowing with shiny trinkets, many of which haven’t been worn in years. They have sat in that jewelry box largely ignored because outside of sentimental value, they have had very little resale value other than the neighborhood garage sale. In the past, the...
Beyond stock market diversification , go for true portfolio diversification. Over the years I have frequently been asked about the idea of adding precious metals, especially gold, to a portfolio. Recent economic events, the stock market volatility and movement in gold prices have renewed the interest in this asset and I anticipate again answering...
I’m presenting a video below, courtesy of one of the technical analysis services that I follow, called INO.com . Adam Hewison — an expert market analyst and the guy behind INO.com — asks the question: has spot gold prices peaked? Many traders and investors are currently wondering about this, as they note how gold has fallen from...
It’s been a while since I’ve featured an INO.com video here. But if you’re interested in watching a stock trading video, I’d like to present one from the trading and investing site INO.com, which features the behavior of spot gold in recent weeks, along with the big picture for gold over the last 6 years. This short 3 minute...
One Sunday afternoon last November, Annette Webber-Townsend, 39, got to see just how golden her opportunities were. Her friend, fellow Brooklyn social worker Stacey Long, was hosting what has become the quintessential substitute for the Tupperware party in this weak, nervous economy: a gold party. A Syosset, N.Y., firm called the Gold Standard had...
One Sunday afternoon last November, Annette Webber-Townsend, 39, got to see just how golden her opportunities were. Her friend, fellow Brooklyn social worker Stacey Long, was hosting what has become the quintessential substitute for the Tupperware party in this weak, nervous economy: a gold party. A Syosset, N.Y., firm called the Gold Standard had...
Confidence in the credit markets may be gaining momentum, as the numbers show that American consumers are borrowing again. According to the Federal Reserve, the 11 month decrease in consumer borrowing has come to a halt this month. While analysts projected total consumer borrowing to drop by $9 billion dollars, actual borrowing on credit cards...
If there’s one thing to thank this miserable recession for, it’s that a lot of us are now much more thoughtful about our finances than we used to be. These days, Americans are padding their emergency funds, trimming expenses, and reducing risk in their portfolios.
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