 |
|
|
Loading Chart...
Spot Price of Gold – One Year
The chart above represents the spot price of gold per ounce for the last One Year.
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
2070
"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.'" [ 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.
1f6d
[ 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
On May 7, 2013, Rep. Lamar Smith of Texas introduced H.R. 1849: Collectible Coin Protection Act. This bill seeks to broaden the existing Hobby Protection Act by making it unlawful to support or assist anyone who violates the act and adding trademark violations to the act. [ Read more… ]May 16, 2013
The core bullish argument in favor of nibbling on gold and silver at today's low prices lies in their value as an alternative store of purchasing power, given that currencies are being diluted at an unprecedented rate, financial markets are frothy and real-estate and farmland prices aren't exactly at rock-bottom levels. [ Read more… ]May 16, 2013
China's gold demand jumped to a record in the first quarter as sentiment regarding the country's economy underpinned consumption during the Lunar New Year, according to a report today by the World Gold Council. [ Read more… ]May 16, 2013
Just a month after gold suffered its biggest one-day drop in three decades, the precious metal has once again fallen victim to heavy selling pressure. But a tug of war between physical buyers and institutional sellers will put a floor under the precious metal, said analysts. [ Read more… ]May 16, 2013
The U.S. economy showed worrisome signs as jobless claims rose sharply last week while ground-breaking at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand. [ Read more… ]May 16, 2013
"We believe the conditions remain in place for a secular bull market in gold. This does not mean that it will be a pleasant ride," Sebastian Lyon says. [ Read more… ]May 16, 2013
Investors didn't buy enough physical gold to offset outflows from gold-exchanged traded funds in the first quarter, but total ETF gold holdings were still higher than a year ago, and demand for jewelry, bars and coins grew a lot thanks to China and India, a report from the World Gold Council released Thursday shows. [ Read more… ]May 16, 2013
Swiss investor confidence fell in May, signaling the economy may struggle to gain momentum as the neighboring euro area stays weak. [ Read more… ]May 15, 2013
Stock markets worldwide are booming, but these booming markets have nothing to do with economic prospects. Prospects in the world are worse than ever, and this includes the US, Europe, Japan and China. None of these countries have a booming economy. What they have is massive debt and accelerating deficits. [ Read more… ]May 15, 2013
The euro-area economy shrank more than economists forecast in the three months through March, extending a recession to a record sixth quarter and increasing pressure on the currency bloc's leaders to spur growth. [ Read more… ]May 15, 2013
The most impressive transaction associated with the Central States Numismatic Society meeting last month was the 1913 Liberty Head nickel, which sold for more than $3 million, plus three other coins that topped the $1 million mark. [ Read more… ]May 15, 2013
Examining US trade data, we were surprised to see that South Africa's $402 million trade surplus with the United States in January had turned into a $689 million deficit by March. Why? [ Read more… ]May 15, 2013
"Will they really stop printing money? Absolutely not," Midas Letter publisher James West tells CNBC in a May 14 interview on gold. [ Read more… ]May 14, 2013
Even after this takedown, I still don't believe that the secular bull market that's been ongoing for 12 years has come to an end. I still believe we'll have a "2" in front of the gold price before it ends. We're going to have to get to $2,000 before there's any decision on my part about the end of the bull run. [ Read more… ]May 14, 2013
$223.3 trillion: The total indebtedness of the world, including all parts of the public and private sectors, amounting to 313% of global gross domestic product. [ Read more… ]May 14, 2013
Portugal will not replicate a deal that allowed Cyprus to sell its gold reserves under its bailout, Bank of Portugal Governor Carlos Costa said on Tuesday, adding that its reserves were unchanged at 382.5 tonnes. [ Read more… ]May 14, 2013
Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply. [ Read more… ]May 14, 2013
A temporary suspension of the U.S. debt ceiling expires on May 19, but the Treasury Department should be able to borrow for several more months by employing unusual cash management tools. [ Read more… ]May 14, 2013
Rising inflation could be the catalyst for the next cyclical bull market and eventual secular top. While precious metals could be signaling deflation, commodities and equities are not. (The CCI hasn't made a new low!) Money has poured into US equities and junk bonds as a way to earn a return in a low growth and low inflation environment. Government bonds have performed well but not as well as US equities and junk bonds. During deflation there is a search for safety. At present, there is a mad scramble for yield. [ Read more… ]May 14, 2013
As the price of gold price declines, Chinese consumers' appetite for the precious metal is growing. The China Gold Association said sales in the country set a record in the first quarter of the year, jumping 26 percent from same period last year. [ Read more… ]May 13, 2013
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world's biggest money manager, said it's still bullish. [ Read more… ]May 13, 2013
Morgan and Peace dollar collectors who want a new challenge can go back to the earlier silver dollar series -- the Seated Liberty dollar. Minted from 1840-1873, this series contains the best numismatics has to offer. The coins are large and made of 90 percent silver. The design is lovely and one of the most famous motifs in American coins. [ Read more… ]
May 13, 2013
Gold imports by India, the world's biggest consumer, may soar this quarter as a plunge in prices spurs demand for jewelry, coins and bars during the country's biggest bullion festival, a jewelers' group said. [ Read more… ]
May 13, 2013
If you asked enough people, you might find someone who would know what the lowest mintage business strike 2-cent piece was. [ Read more… ]May 13, 2013
"We saw a major correction in April; it was really, really quite steep," HSBC analyst Jim Steel says of gold in a May 13 CNBC interview. [ Read more… ]May 13, 2013
The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week, reflecting soaring physical demand after a sharp selloff in precious metals. [ Read more… ]May 9, 2013
The selling [in mid-April] came largely from the exchange-traded funds (ETFs) and was triggered by the short signals from a couple of the big New York brokerage firms. The ETFs were being sold on a panic level, but buyers around the world were literally lining up to buy physical gold. The price has already stabilized. [ Read more… ]May 9, 2013
More Latest Research from BERU
|
|
|
|
Copyright © 2013 Blanchard and Company, Inc.
|
|
