Archive for Gold Prices
Sign of the times, from Tupperware Parties to Gold Parties
Posted by: | CommentsMove over Tupperware, there's a new party in town. With climbing gas prices, a dropping dollar and soaring gold valuations, people are starting to rummage through their jewelry boxes, heirlooms and stashes to bring their gold to the party down the street. Gold parties around the country are playing middle man and cashing in on the gold craze. Read More→
Tags: town, gas, Sign, News, man, street, rummageNew Gold Rush (Soaring Prices) Spurs Rush To Build World’s Deepest Mines
Posted by: | CommentsSouth African companies (among others) racing to build new "ultra deep" mines--deepest now at 2.5 miles, where rocks shatter like glass, temperatures are nearly unmanageable and escalating risks to miners are huge. But gold prices are at historic highs...and there's big, record-breaking money to be made. Read More→
Tags: shatter, Deepest, temperatures, glass, news link, New, Rush, MinesIs Gold Really the Safest Investment?
Posted by: | CommentsGold is on the move. As the price of gold threatens to push permanently above $1000 per ounce, it raises questions about why gold is becoming such a hot commodity and whether it truly is a safe harbor. Read More→
Tags: price, safe harbor, Safest, ounce, harbor, move, news linkSoaring gold prices force U.S. Mint to pull American Gold Eagles
Posted by: | CommentsDue to the increase of gold bullion prices the U.S. Mint made the decision on Thursday September 13th, 2007 to suspend the sale of 2007 American Gold Eagles. Upward movement of gold prices has put pressure on the U.S. Mint by increasing the liability of short changing the U.S. Government by selling the public an ounce of gold below market value. Read More→
Tags: changing, pressure, ounce of gold, American, U.S. Government, bullionThe Fed has Sold Half of all US Gold to Suppress Gold Prices
Posted by: | Comments"the gold price suppression scheme was the cornerstone of Secretary Treasury Robert Rubin's 'strong dollar' policy", and "Treasury Secretary Paulson, a key member of the President's Working Group on Financial Markets (popularly known as the Plunge Protection Team)" who chillingly said, "The United States will do what it takes to calm markets" Read More→
Tags: policy, dollar, Secretary Treasury, Half, group