Gold Market & Economics


Stock Market Line Graph
President Joe Biden’s administration is being pressured by their supporters to erase the exorbitant student loan debt in the United States, which has hit record highs of over $1.71 trillion collectively owed. President Biden has not compromised his original $10,000 per borrower campaign pledge. Democratic senators, including Elizabeth Warren, Majority Leader Chuck Schumer and Ed Markey of Massachusetts are holding Biden accountable in using his presidential authority to pursue a more ambitious goal of cancelling $50,000 in federal student loan debt per borrower. Student loan forgiveness has been a hot topic on the Biden agenda since the beginning of his campaign and a hot topic in the United States since Occupy Wall Street. The United States has a whopping $1.7 […]

The Real Price Of Government Bailouts


Crater in the Earth from gold mining
Imagine a scenario where the demand for precious metals significantly increases. Gold is being bought and sold en masse and traded as a currency. This could be the result of an economic crisis where the value of the US dollar ($USD) plummets. Would there be enough gold and silver to go around?  Gold Is Finite, Therefore Expensive  Gold is a finite resource that was actually formed in outer space before it was kneaded into the veins of the Earth by geothermal activity. It takes a lot of mining to produce a single ounce of gold. Once bought, it rarely leaves the hands of the buyer, as it’s most often bought as insurance. It’s understandable why it’s so valuable and why […]

Will There Be Enough Physical Gold And Silver?



gold investment
Some people are interested in buying gold as insurance. It’s important to be realistic when doing so.  As we discussed in a previous article, when you buy gold as an investment, you’re betting on something happening that will make the price go up. When it comes to insurance, however, you’re not betting on a crisis that will result in a surge in prices any more than you’re betting on getting in a car accident to collect your auto insurance. If you’re expecting the price of gold to go up, you’re not buying it for insurance purposes. Instead, when you buy gold for insurance, you’re giving yourself the option to put it towards any unexpected emergency that may arise in your […]

When Gold Is Bought For Insurance



It’s important to keep in mind the reasons you’re buying the gold in the first place. What are your goals and is buying gold going to achieve your goals? Does gold actually have the utility you think it does?   As we discussed in previous articles, the value of gold is dependent on the US dollar and the popularity of gold investing but it’s also ultimately dependent on whether or not anyone deems it a valuable exchange at all. Gold is a currency like any other that you want to be able to exchange for value. Given the choice, you wouldn’t want to own gold over actual resources. So there must be a catalyst that makes gold attractive, such as an […]

Why Are You Buying Gold?


When it comes to buying gold, you need to go into it with the right mindset. You need to know what is realistic and what is not. We’ve been in the business for several decades and have seen too many people who want to invest in gold for the wrong reasons. There are issues you need to be aware of before purchasing gold and precious metals. Naturally, any gold dealer will probably tell you investing in gold is a wonderful idea with no downsides. We want to save you from any disappointment and ensure you’re well-educated and informed before you make your purchase.  Investing in gold is one way to diversify your investment portfolio but is it the same as […]

Managing Expectations When Buying Gold


A gold piggy bank with bundles of USDA cash next to it
You can save money by resisting the temptation to swipe your credit card on large transactions.  Credit card companies charge vendors around 3%. This is how credit card companies earn money, which is the money they use to give their customers points whenever they use their card. Many customers prefer to use their credit card to earn the points— however, this is shortsighted, since many people don’t realize the points are actually coming from the credit card fees they are paying. Companies are not allowed to charge any more than this percentage for credit card transactions. To make up for this fee, vendors mark their prices up an extra 3-4%. This fee may be insignificant when you’re buying a latte […]

Should I Use My Credit Card to Buy Gold or ...


gold bars prices
Up until the election, The U.S. presidential race has been more of a distraction than a direct influence on the gold market but going forward expect the precious metal to be a winner no matter the outcome. For gold, the election isn’t a “blue versus red” competition between the Democrats and Republicans, says Frank Holmes, chief executive officer of U.S. Global Investors. It is a “push the gold button” event, he says. Let me explain in simple terms why gold is a buy no matter who wins. First there are a few things that you need to understand. Gold is priced all over the world in U.S. Dollars. Therefore, if anyone outside of the United States is considering buying gold […]

Post election and the price of gold



gold bullion dealer
The State of New Jersey imposes a 7% sales tax on all collectible commodities such as precious metals, bullion, tokens, medallions and any numismatic goods. This applies to online purchases.  This tax is collected on all purchases regardless of whether the vendor calculated it into the total.  Even if the vendor failed to include it in your total at checkout, you, the customer, are still responsible for paying it. It’s the law. You don’t want unpaid taxes to catch up with you. It’s best to get them out of the way upon making the purchase. Many people think sale taxes are imposed by the IRS but this is not true. Sales taxes are determined on a state-to-state basis.  It’s safe to […]

New Jersey Residents and The 7% Sales Tax on Precious ...


Gold futures closed higher on Friday after hitting a new agreement high early in the session. The market gave back a few of its gains when Treasury yields increased slightly and the U.S. Dollar recuperated from more than a two-year low. Spot gold likewise reached a new all-time high with the marketplace posting it finest month given that February 2016, and its fifth straight positive month. Regardless of Friday’s brand-new high, traders looked a little cautious with the brand-new high coming in only $5.40 higher than the previous high earlier in the week prior to the intraday pullback. This recommends an unsteady outlook over the short-run. However, the longer-term photo stays bullish with the market tracking genuine interest rates that […]

Gold Prices Remain Higher


The current bull cycle for gold costs is still in progress, and its only a matter of time prior to price levels for the yellow metal struck $2,000 an ounce, this according to Sean Boyd, CEO of Agnico Eagle. Boyd noted that present gold prices are really absolutely nothing to worry about. Here is a short article about gold rates. This is not our original short article so we have actually included a link to the initial author at the end of this post. We hope you enjoy reading this short article. “Golds fine. I think when we take a look at the existing gold price, a little over $1,450, I believe its actually doing rather well provided where the […]

The best days for gold are yet to come, here’s ...


The Dutch Central Bank just recently argued in an article that if there were to be a major monetary reset, “gold stock can serve as a basis” to restore the international monetary system. “Gold reinforces self-confidence in the stability of the reserve banks balance sheet and develops a sense of security.” Analyst Luke Gromen set out the mathematical reasoning of this extremely well in a current newsletter. He computes that United States annual privilege payments, which he specifies as Medicare, Medicaid and Social Security, plus defence costs plus interest on the federal financial obligation amounts to 112 per cent of United States federal tax invoices. At some point, Mr Dalio argued, no one would want to own United States debt […]

Gold is looking more and more attractive



Nevertheless, Goldman Sachs holds its six-month projection of $1,600 in the middle of expectations of precautionary holding of cash to increase due to the trade war, central bank assistance, and a fall in funding cost. With the most recent macro supporting markets threat belief, Gold costs decrease to $1,503 in the middle of Asian session on Monday. Gold fails to hold on to healing gains amidst the most recent risk-on. Brexit/trade headlines have been favorable throughout the weekend.Key Brexit developments, Fed conference and the United States jobs report will be in the spotlight. The quote rose to the highest in 4 weeks on Friday however stops working to remain strong as weekend news worrying the Brexit and the US-China trade […]

Gold pulls back to sub-$1505 area


A weaker greenback would provide the missing “foundation of a reflationary move,” along with lower rates and greater equity rates. Global financiers have been piling into U.S. growth stocks, benefiting from strong currency and equity returns. As the dollar turns, Brigden looks for a rotation from growth to worth stocks, which showed signs of starting in early September. You would not know it from the continuous barrage of news on the political and international fronts, but there are favorable advancements in the background for the financial markets. To be sure, there has been good news with a “Phase 1” tentative trade offer with the U.S. and China, and possibly, just possibly, some Brexit arrangement (although it aint over till Parliament […]

Gold Could Get a Boost From a Weak Dollar


Not all analysts are optimistic on gold, Sean Lusk, co-director of industrial hedging at Walsh trading, stated that he sees gold prices pushing lower as the $1,520 level is showing to be a strong resistance barrier. In the last study, Wall Street experts proved the most accurate as the bulk of individuals were neutral on gold for this present week. As of 11:47 a.m. EST, December gold futures last traded at $1,509.50 an ounce, up 0.21% from the previous week. We discovered this excellent short article at https://www.kitco.com/news/2019-10-04/Kitco-News-Weekly-Gold-Survey-Don-t-go-quietly-into-that-good-night-Wall-Street-Main-Street-bullish-on-gold-prices.html By: Neils Christensen. ” Everywhere financiers look there is another worry,” said George Gero, managing director with RBC Wealth Management. “The U.S. dollar stays the greatest headwind for gold, but this unpredictability […]

Don’t go quietly into that good night: Wall Street, Main ...


Here is a short article about how gold specialists trade. If you wish to check out the initial short article you can discover the link at the bottom of this post. Gold costs change daily, moving with the ups and downs of the market, trending only 30% of the time. The specialists utilize numerous technical, essential and sentiment signs to determine the future instructions of the yellow metal. Gold is deemed both a commodity and a currency. Gold is normally priced estimate in US dollars, and trades both as an exchange traded instrument as well as over-the-counter. How the Experts Trade Gold When markets are looking for an option to other currencies that are losing worth, gold is considered a […]

Gold Technical Analysis – How do the Experts Trade Gold



Here is a short article about gold prices climb to fresh high. If you wish to read the initial content you can find the link at the end of this post. GOLD PRICE TALKING POINTS The cost of gold climbs to a fresh yearly high ($ 1555) amid growing tensions between the US and China, and current market conditions are most likely to keep bullion afloat as there appears to be a flight to security. GOLD PRICES CLIMB TO FRESH 2019 HIGH AS US AND CHINA BOOST TARIFFS Fed Fund futures continue to reflect frustrating expectations for a 25bp decrease on September 18, with the figures now revealing restored speculation for a 50bp rate cut as the ongoing shift in […]

Gold Prices Climb to Fresh 2019 High as US and ...


Spot gold jumped 0.6% to $1,408.23 an ounce, heading for a fifth straight session of gains. Gold costs hit $1,410.78 on Friday, their greatest considering that early September, 2013. Gold rates have risen almost 8% so far this month, and more than $70 just over the previous week. Holdings of the worlds largest gold-backed ETF, SPDR Gold Trust, jumped 4.6% on Friday from a day earlier, its greatest one-day portion gain given that September 2008. Here is a short article about Gold pinned near 6-year top. , if you want to check out the initial article you can find the link at the bottom of this article. The U.S. Federal Reserve and the European Central Bank last week hinted that […]

Gold pinned near 6-year top as investors boost safe-haven bids


. U.S. 10-year Treasury yields dropped to the most affordable given that December 2017 earlier in the session. To name a few valuable metals, silver rose 1.2% to $14.62 per ounce, while palladium edged 0.2% greater to $1,316.80. ” We have actually seen a sharp turnaround in the dollar and that has actually helped buoy gold costs,” said Suki Cooper, rare-earth elements analyst at Standard Chartered Bank. The Fed officials at their last meeting agreed that their current patient method to setting monetary policy might stay in location “for a long time,” a further sign policymakers see little requirement to adjust rates. The dollar index, which earlier in the session touched its highest level in two years at 98.371, gave […]

Gold prices rise 1% as dollar pulls back from 2-year ...


” The current environment might continue to increase the appeal of gold amid the approaching changes in Fed policy. The price for bullion may exhibit a more bullish behavior over the coming months as the FOMC abandons hawkish forward guidance for financial policy,” the experts at DailyFX said. Although the market is off Mondays one-month highs, gold costs are holding on to most of its recent gains. June gold futures last traded at $1,296 an ounce, down 0.45% on the day. Financial uncertainty fueled by growing trade stress between China and the U.S. is producing some momentum in the gold market; looking ahead one research study firm said the metals next rally might come from the Federal Reserves moving monetary […]

Gold Investors Should Keep An Eye On Fed Policy