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Spot Price of Gold – Ten Years
The chart above represents the spot price of gold per ounce for the last Ten 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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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:
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[ 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. [ 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
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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.
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[ 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
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