As we make our way through the hot months of summer, the gold market is sizzling with news of instability in Europe and rumors of another round of quantitative easing by the U.S. Federal Reserve. Just in the last two days, gold has shot up around $30 per ounce and broke a new record in…
Uncertainty Clouding Prospects for both the U.S. Economy and Gold/Silver Bullion
Uncertainty is certainly (…no pun intended) nothing new. It’s a persistent fact of life that’s been around in both good times and bad throughout the ages. But right now seems different – the economy in the U.S. and around the world can be characterized as ‘shaky’ at best. Unemployment in the U.S. is officially hovering…
Mines Company CEO Predicts $1500 Gold, mid-$40s Silver
Coeur d’Alene Mines’ CEO Dennis Wheeler recently stated he “would not be surprised” if gold is trading in the $1500-$1600 and silver in the mid-$40s per ounce price range by the end of the year. Speaking at the Reuters Mining and Steel Summit last Thursday, Wheeler says increased instability through political turmoil and natural disasters…
Food Inflation in February the Worst in 36 Years
If you’ve read about investing in gold and silver on our site and elsewhere, you’ve certainly read about inflation fears and how gold, silver and other precious metals can help protect you from out-of-control inflation. In fact, many economists and leading investors like Jim Rogers have been saying prices for food, energy and other staples…
Inflation, Rising Food Prices Spark Egyptian Revolution
Although not directly related to gold, silver and other precious metals, no doubt you’ve heard about the mass protests occurring across the Arab world…Egypt being the largest one thus far. Mass protests and nonviolent civil disobedience – mainly driven by that nation’s youth – culminated with the end of President Hosni Mubarak’s 30-year reign. While…
Criticisms Mount over Quantitative Easing II
A few months ago just before Thanksgiving, we told you about a move by the Federal Reserve to buy U.S. Treasuries and increase the amount of excess reserves in banks. Fed chairman Ben Bernanke said this move was needed to shore up an already shaky economic recovery. But many have their doubts, including two chairmen…
