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price of gold

  • The Price of Gold – 3 Resources to Monitor Gold

    It can often be hard to keep up with commodities. It’s important to know what the day-to-day price per ounce is doing, but it’s also vital to understand the factors that drive the long term and short term prices. Here are a few resources that will help keep you up to speed with regards to

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  • Gold Soars on Unemployment Report, Fearful Economic Outlook

    Los Angeles, CA – August gold future contracts rose sharply Friday on fresh unemployment news out of the United States and deepening fear that the global economy has taken a turn for the worse. August gold contracts on the Comex division of the New York Mercantile Exchange rose to $1626.30 an ounce, up almost 4%

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  • Atmospheric Changes Affect Gold Prices – When to Buy

    Supply and demand can clearly affect the price of any given commodity. This is also true for gold, yet in recent years we have seen tremendous atmospheric changes affect how gold behaves. Let’s look now at a few of these factors. Psychological: Recently you may have heard statements like “Gold has a psychological resistance of

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  • Without Catalyst, Gold to Hover around $1600

    Los Angeles, CA – The price of gold fell nearly 7% last week to $1600 an ounce on strong U.S. dollar gains and the December 14th announcement by the Federal Reserve saying they would refrain from taking new stimulus measures on the economy.  The Fed’s announcement combined with signs of increased funding stress in Europe

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  • Unique Buying Opportunity in Pull Back of Gold

    Los Angeles, CA – A dramatic week of ups and downs in the market placed the value of Gold just above $1800 on Friday, an expected pull back/correction after a 13-week run of consecutive gains. The precious metal reached an all time high last week, pushing past $1900 over continued concerns of stagnation in the recovery of the

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  • Converting from Traditional to Gold Roth IRAs

    The familiar Traditional and Roth IRAs containing paper assets have been declining in value because they are subject to the worth of the U.S. dollar. Today’s investors are discovering that gold-backed IRAs have been steadily increasing in value and therefore provide far better safety and appreciation for their holders. Here’s why: When investors design their

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  • Gold Value Jumps after 2011 Unemployment Report & Debt Woes

    Los Angeles, CA – A disappointing unemployment report and continued non-productive debt talks amongst congressional parties have caused US stock markets to plummet in the opening days of the new US fiscal year. On July 7th, the US Bureau of Labor reported that unemployment rose to 9.2% in the month of June with only 18,000

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  • Gold IRAs Offer Protection from Devalued Dollar and Inflation

    The U.S. dollar has been steadily losing value. This continued devaluation is the result of America’s ongoing financial troubles including a budget deficit exceeding $1.4 trillion. Many U.S. investors have now come to realize that their dollar-denominated assets have declined a shocking 82% since 1971, resulting in major losses in the assets that comprise their retirement portfolios. Gold,

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  • Portfolio Asset Losses Need Not Delay Retirement Plans

    Los Angeles, CA — According to ABC News, 77 million ‘Baby Boomers’ born between 1946 and 1964 have discovered to their dismay that they may not have enough in their retirement accounts to comfortably retire. Because of this, 44% have expressed that they have little or no faith that they will actually have enough money to retire. Of

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  • Gold Can Provide Better Protection than Stocks or Bonds

    Los Angeles, CA – This year, more investors have chosen to protect their retirement funds by diversifying the assets in their portfolios to include a percentage of precious metals. They have been doing this because most 401(k)s as well as Traditional and Roth IRAs, are comprised of paper-denominated assets like stocks and bonds which have lost

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