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  • Peter Schiff talks gold, Federal Reserve, U.S. dollar, oil

    Peter Schiff, a well-known American entrepreneur, author, and financial commentator, recently spoke on RT’s Boom Bust about the U.S. economy, oil prices, the Swiss gold referendum, the numerous uses of gold, and more. Seeking Alpha has provided a partial transcript of the interview, which we have outlined for you below. On the latest U.S. jobs figures The latest ADP

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  • Gold rises as U.S. dollar weakens, stocks decline

      Gold rose nearly 2% on Tuesday, hitting its highest price since late October, as stocks slumped and cautious comments from Federal Reserve policymakers spurred a drop in the U.S. dollar. Spot gold reached as high as $1,226.80 an ounce, a rise of 1.8%, and U.S. gold futures jumped 2.5% to $1,224.80 an ounce. This is a significant

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  • What have analysts been saying about gold and silver?

    You’ve probably heard that gold and silver have hit lows recently, but what do analysts have to say about this? Below is a recap of three recent articles containing valuable insight. Gold: Time to Prepare for Big Gains? At the recently held Casey Research Fall Summit, positive outlooks on gold were abound among attendees. David Tice, founder

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  • Is Gold Going “To the Moon”?

    “When the world figures out the position that we’re in, gold is going to the moon.” – Peter Schiff On a CNBC interview yesterday, Peter Schiff of Euro Pacific Capital made some bold statements about his perspective on the long term value of Gold. “Gold can certainly make a move up to $1,700 or $1,800,

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  • Gold Climbs to Four-Month High on Bullish FOMC News

    Los Angeles, CA – Comex gold futures are trading significantly higher this week on news from the Federal Reserve’s FOMC minutes released on Wednesday. The yellow metal reached a fresh four-month high after the Fed’s notes were construed by investors as a sign that monetary stimulus by the central bank is imminent. Spot Gold rose

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  • Gold Rallies Above $1600 on EU News, Weaker USD

    Los Angeles, CA – August Gold futures rose to a two week high Wednesday on a strengthening Euro and weakening U.S. Dollar. Gold rose $23.50 or 1.5% to $1601.60 per ounce after a European Central Bank council member said there are arguments for getting a banking license for the ESM (European Stability Mechanism). Silver futures

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  • Precious Metals Lower on Corrective, Profit-Taking Pullback

    Los Angeles, CA – The precious metals markets took a corrective pull-back on Monday on investor profit taking and carry over selling from late last week. Gold traded approximately $20.00 lower around $1720 an ounce while silver traded down $0.24 to $33.50 an ounce Monday morning. As gold made the largest rally in 7 weeks,

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  • Gold Surges on U.S. Debt Deadline, Credit Downgrade Talks

    Los Angeles, CA – With U.S. politicians at a stalemate over the 14.3 trillion dollar deficit just days before the debt default deadline, economists and financial analysts alike are predicting a downgrade of the United States’ credit rating. President Obama made comment that U.S. lawmakers’ indecision to raise the debt ceiling is a “dangerous game”

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  • Converting to a Gold IRA to Preserve Wealth

    The market prices of gold, silver, and platinum are affected primarily by global supply and demand. In the past year, supply has been declining and demand has been increasing, resulting in a steady upward trend in market prices. Today the price of gold, the commodity most used for new IRAs, has been hovering around $1,540.00/ounce.

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