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Why gold price experts are almost always wrong.
And why, when they are right, it’s just dumb luck. Let me explain. First of all, analysts who want to appear on TV, and financial journalists, need to have something to say. You can’t be a guest on TV...
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How will the U.S. elections impact the price of gold?
Photo: AP The election will likely have little to no impact on the price of gold. At the most, we might see some jumps up or down, depending on the sentiment of investors just after election day. To...
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Max Keiser tells George Soros to buy more gold.
It’s easy to dismiss Max Keiser. In fact, pretty much of North America’s media do. He has even been called a traitor for painting the economy in such a consistently negative light. But he does have a...
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Owning gold – a small downside with a huge upside.
When you invest money there is usually a reasonable upside and a huge downside. Just ask anyone who invested their savings in Enron or with Bernie Madoff. Yes, those are extreme examples. But there...
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Why physical gold is probably worth a lot more than you think.
It would be reasonable to think that the price of gold is determined solely by the supply and demand of the physical product – gold bullion. But that is not the case. Most of the “gold” traded each...
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During times of global uncertainty, buy more gold.
When should you be buying more gold? Some people make this decision very complicated, listening to analysts on a daily basis, scrutinizing technical charts, and so on. That’s not how I make my own...
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When evaluating gold, forget the markets and look to the Central Banks.
If you are a trader or speculator in gold, by all means listen to the markets. Your task as a speculator is to make money from the ups and downs in the short-term price of gold. However, if your...
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Umbrellas cost more when it’s raining. And so does gold.
Nobody thinks about buying an umbrella when the sun is shining and the sky is blue, without a cloud in sight. If we were totally rational beings, that would be odd. Because we know for a fact that...
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Gold seems to have lost its narrative.
Lost in a good story. Whether you are talking about commodities, stocks, bonds or anything else you care to invest in, their prices are impacted by narrative. And by narrative, I mean the stories...
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Is the U.S. planning to pay down its debt with gold?
Central banks around the world continue to buy gold bullion. As I noted in a previous post, the world’s central banks purchased a total of 447 tons of gold in 2014 alone. That was the second biggest...
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The bittersweet prospect of gold prices jumping to the moon.
2016 has gotten off to a rocky start. Global equity markets are on shaky ground, triggered by chaos and huge declines in the Chinese markets. The “war factor” is hitting the red zone, with ongoing...
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Owning gold isn’t about making investment profits, it’s about mitigating risk.
In my last post I talked about how the price of gold could very well go up significantly this year. Goodness knows, there is a ton of uncertainty out there. Here’s just a partial list of the things...
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Cyberattacks and software failures at your bank are two more reasons to keep...
Most of us love the fact that we can get cash from an ATM machine, and don’t have to line up in the bank and get money direct from the teller. And more and more of us now have apps on our phones that...
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Do I trust the government to protect my wealth and my retirement? Absolutely...
In fact, the way I see it, it my duty not to trust any government, bank or financial institution right now. I know some people reading this will be big fans of particular political parties, world...
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The one time of year you CAN predict a rise in the price of gold.
Trying to predict the price of gold is notoriously difficult. It’s made hard by the wide range of factors that impact gold prices on an almost daily basis. Gold is a commodity. It’s also an investment...
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Buy gold in uncertain times? That would be NOW.
From the day I first starting writing this blog, way back in 2010, the headline on the homepage has said: Owning gold gives you a private, safe haven for your wealth during uncertain times. Uncertain...
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Why I’ve been silent about gold during a year of political and financial chaos…
It’s been over a year since I last wrote a post here. It’s not that I’m no longer interested in gold and gold bullion. Far from it. Nor is it that I’ve stopped buying gold for myself. I haven’t. It...
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Why I model my gold purchases on the buying patterns of Central Banks.
During these turbulent times, how can the price of gold remain almost constant? It’s been like this for over a year now. Actually, the price of gold isn’t much different today from what it was 5 years...
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If alchemists really could transform lead into gold, what would that do to...
The practice and promise of alchemy have been around for thousands of years, with roots in Europe, North Africa and the Far East. In spite of a long history and broad range of interests, alchemists...
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As the Bitcoin price rises, it’s time for gold owners to take a closer look.
Funny thing about people who love Bitcoin… It took them a while to get there, even while the Bitcoin price was going up, in fits and starts. Almost everyone I talk to went through a stage of...
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