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  • Schultz Says Gold Price Could Hit $2,400

    Los Angeles – China tightened bank reserves for the fourth time in two months before Friday’s market opening causing the price of gold to slide 1.0 percent to $1,359.20 an ounce as silver prices also slipped 1.0 percent to $28.38 an ounce. The Gold/Silver ratio (GSR), the number of ounces of Silver needed to purchase

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  • Gold And Silver Prices Soaring

    Los Angeles – Gold bullion prices rose to $1,299.95 an ounce on Friday as silver hit a three decade high of $21.40 an ounce. December silver is up 10.1 percent for the month and closed the week with a 2.8 percent rise, settling at $21.399. Gold, meanwhile, is up 3.8 percent this month and gained

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  • China May Be Quietly Building Its Gold Reserves

    Los Angeles – The gold price began the week at $1,226 and finished the week at $1,238 an ounce for its first four-week gain since June. Gold bullion prices are up 4.8 percent for the month of August and 13 percent for the year. Silver began the week at $17.93 and finished the week above

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  • Hedge Funds Buy Gold

    New York, July 30, 2009 — Global Hedge Funds are buying physical gold. In fact, twenty out of 22 hedge fund managers interviewed by Moonraker Fund Management in the United States are buying gold to protect their personal wealth against excessive inflation. Jeremy Charlesworth, Chief Investment Officer of Moonraker and manager of the Moonraker Commodities

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