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Spot Price of Gold – Five Years
The chart above represents the spot price of gold per ounce for the last Five Years.
Spot prices are not for trading purposes. For the most up-to-date information, please contact a Blanchard and Company, Inc. Gold Expert at 1-800-880-4653.
Latest Research
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Gold futures ended sharply higher on Thursday, with the metal drawing support from a steep decline in the dollar and weakness in global equities. [ Read more… ]
May 23, 2013
A day after Federal Reserve chief Ben Bernanke sent mixed messages to Congress on the longevity of its gold-bullish quantitative-easing program, two of his more dovish lieutenants were issuing remarks suggesting that tapering won't be starting anytime soon: [ Read more… ]May 23, 2013
Is the coming financial collapse going to be inflationary or deflationary? Are we headed for rampant inflation or crippling deflation? This is a subject that is hotly debated by economists all over the country. Some insist that the wild money printing that the Federal Reserve is doing combined with out of control government spending will eventually result in hyperinflation. [ Read more… ]May 23, 2013
The South African Reserve Bank said it's comfortable with its holdings of gold, which make up about 10 percent of foreign reserves. [ Read more… ]May 23, 2013
Platinum is a precious metal, as is palladium, though to a lesser degree. However, like silver, both are also industrial metals. Unlike silver, it's their industrial use that is the primary price driver for both platinum and palladium -- and that use is undergoing a fundamental shift. [ Read more… ]
May 23, 2013
The main message to take away from Federal Reserve chief Ben Bernanke's testimony before Congress is that unless the central bank continues to pump billions of dollars a month into U.S. Treasuries and mortgage-backed securities, the economic recovery is at risk of "slowing or ending." Despite the record-high stock indexes, does that sound like a self-sustaining economy to you? No, and that's why gold remains an important hedge in any well-diversified portfolio. Sudden inflation, a weakening dollar, and an overdue stock correction are all potential factors that could revive gold's fortunes. [ Read more… ]May 22, 2013
"The interesting thing about speculators is they're traders, and they bought the paper gold. In other words, GLD, SLV for silver, and the ETFs, whereas the long-term investors tended to buy bullion and to a lesser extent but still in aggregate a huge amount of gold coins," Euro Pacific Capital consultant John Browne tells Fox Business in a May 21 interview. [ Read more… ]May 22, 2013
Gold's slump has saddled the second-largest U.S. college endowment with more than $300 million in paper losses. But the swoon hasn't shaken the faith of Bruce Zimmerman, who since 2007 has been chief executive of University of Texas Investment Management Co. [ Read more… ]
May 22, 2013
Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies. [ Read more… ]May 22, 2013
At a time when gold is in a bear market amid record outflows from investor holdings, bullion remains relevant in portfolios as inflation may accelerate, the U.S. dollar weaken and global economic growth stall, according to Franklin Templeton Investments. [ Read more… ]May 22, 2013
It is not news that gold prices have suffered a painful drop this year, especially in April. This is to be expected since gold has not had a single down year in more than a decade. [ Read more… ]May 22, 2013
South Korea's central bank chief said a U.S. pullback from monetary easing would spur risks worldwide from rising bond yields, adding to a global debate over how to manage costs from exiting record stimulus. [ Read more… ]May 22, 2013
"If you're rich, you have to worry about inflation eating into your wealth," said the "Mad Money" host. Therefore Cramer recommends the following: high-end real estate and paintings. "Both of these investments have held their value in times of hyperinflation," Cramer explained. "I'm talking works of art and property ranging from beachfront property and raw land to farmland and more." [ Read more… ]May 22, 2013
Gold investors are awaiting Federal Reserve chief Ben Bernanke's testimony before Congress on Wednesday, as well as the release of the central bank's April meeting minutes, to gauge how much longer the Fed might continue its debt-monetizing stimulus scheme known as quantitative easing. On Tuesday, two Fed branch heads both said QE and low interest rates might still be needed. [ Read more… ]May 22, 2013
"I'm still going to favor gold and silver (over platinum and palladium) mainly because of their monetary component," McAlvany Financial CEO David McAlvany says in a May 20 CNBC interview. [ Read more… ]May 22, 2013
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. [ Read more… ]May 22, 2013
Gold futures may rebound to $1,500 an ounce in June after hitting a "double bottom" Monday, according to technical analysis by R.J. O'Brien & Associates. [ Read more… ]
May 21, 2013
Pessimism on gold is so extreme that sometimes even the bears worry it might be overdone. Monday the price jumped a little more than 1 percent after news hit the wires that was perceived to be bullish: Moody's Investors Service reported that U.S. policymakers must do something about the government debt to avoid a rating downgrade this year. [ Read more… ]May 21, 2013
At a time when diminishing faith in gold is spurring investors to sell record amounts of the metal, demand for platinum and palladium is strengthening as mining companies curb supply. [ Read more… ]May 21, 2013
The Hong Kong Submission Center of Professional Coin Grading Service has certified a unique Chinese coin, the only known Kirin Province 1910 Hsusen Tung branch mint silver 1.44 Mace (1 Mace, 44 Candareens) with an incuse "Ki" and the dragon's tail in the design pointing to the right. Its pedigree includes the Chang Foundation Collection. [ Read more… ]May 21, 2013
As far as a lack of confidence in gold and silver, it's as I said before: Markets fluctuate. Nothing goes straight up or straight down. But you certainly shouldn't credit anything you read in the mass media about whether there's confidence in gold or not. [ Read more… ]May 21, 2013
Remember that gold powered to its all-time nominal high above $1,920 back in September 2011, amid debt-ceiling wrangling in Washington, D.C., that led to an unprecedented downgrade to the U.S. credit rating in August 2011 by Standard and Poor's. Now another big ratings agency is threatening to slash the U.S. rating. [ Read more… ]May 20, 2013
Not a day passes without the financial media denouncing gold as an investment option and hailing the bureaucrats heading the world's monopolist monetary central planning agencies as superheroes. [ Read more… ]May 20, 2013
Let's take a look at a few of the ways the rare coin market is far, far different in 2013 than it was in 2008 or 2003. [ Read more… ]May 20, 2013
The U.S. is trying to stop the gold rush to Iran in a bid to undermine the Islamic Republic's plummeting currency, but critics say the move is more likely to hurt ordinary citizens than the rogue regime's leadership. [ Read more… ]May 20, 2013
For now, this drop has sparked a lot of controversy between the gold lovers' camp and the gold haters. It's a passionate situation. And depending on your outlook, you could say both are right. [ Read more… ]May 20, 2013
Changi Airport, Southeast Asia's largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade. [ Read more… ]May 20, 2013
U.S. policy makers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are "credit positive," according to Moody's Investors Service. [ Read more… ]May 20, 2013
"The amazing thing is if you look at the figures for the first quarter and the anecdotal evidence we have for April, this is going to be a good year for gold in terms of tonnage," World Gold Council managing director Marcus Grubb tells Bloomberg in a May 16 interview, noting the "huge consumer demand response around the world" to April's price correction. [ Read more… ]May 17, 2013
From Wall Street Journal MoneyBeat blogger Mike Weir. Click here to watch Weir debate colleague Francesca Freeman: [ Read more… ]May 17, 2013
Good quality scarce or rare date issues are dramatically higher and trending up. Will this be a new asset bubble? At some point it will be, but I believe we are only at the beginning of the up phase. [ Read more… ]May 17, 2013
Pater Tenebrarum's Acting Man site recently commented on a blockbuster art sale. "The effects of the global race to devalue money were starkly demonstrated this week at an art auction in New York. An abstract painting by New York artist Barnett Newman sold for $43.8 million on Tuesday. ... As the NY Post remarks, the painting entitled 'Onement VI' looks like 'a canvas version of the video game Pong.'"
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[ Read more… ]May 17, 2013
Peter Schiff of Euro Pacific Capital has been bullish on gold for a long time, but now he has a new reason to buy: Japan. [ Read more… ]May 17, 2013
Gold prices are down about 12.5% since the start of April. But global central banks have been increasing their reserves of the yellow metal. [ Read more… ]
May 17, 2013
You have to keep a couple of things in mind. One is that the inflation numbers released by the U.S. government and most governments around the world have been massaged and doctored to make inflation look lower than it really is. [ Read more… ]May 17, 2013
A day after C Rangarajan, head of the Prime Minister's Economic Advisory Council, stressed the need to bring down India's gold demand to 700 tonne from the present 1,000 tonne, World Gold Council emphasised that government measures to curb the metal's import are unlikely to affect the demand at a retail level as the factors behind the desire of Indian consumers to own gold remain unchanged. [ Read more… ]May 17, 2013
Premiums for gold bars rallied to all-time highs in Hong Kong and Singapore on Thursday after bullion's steepest drop since its April sell-off fuelled another round of buying, constricting supply. [ Read more… ]May 16, 2013
Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter. [ Read more… ]May 16, 2013
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