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When All Else Fails, Go for Gold
6 hours ago ago from fibonacci charts
The jewellery, industrial and investment markets drive the demand for gold today. Of these, jewellery accounts for more than two-thirds of the total. The Jewellery market follows seasonal trends, peaking during the fourth quarter on the back of the major Indian festival of Diwali and of course Christmas. The first quarter is also a strong period, incorporating the Indian wedding season, Chinese New Year and Valentines Day. Gold’s ...
Related contentIs gold a dangerous trap or safe inflation hedge?
15 hours ago ago from HiddenValuesAlert Blog
The Truth about Gold: Why Conventional Wisdom is All Wrong! Dear Friend, It’s been impossible not to notice the huge climb in the price of gold over the last few months. After all – the yellow metal is up more than 60% since last November – and it closed Friday at a whopping $1,151 an ounce. Of course, even though that price is an all-time high for gold…it’s still trading well below its inflation-adjusted high of ...
Related contentBear’s claws, dollar surge popping bubble in gold
15 hours ago ago from The Investor's Eye
It's looking more and more like the only thing propping up the price of gold is speculators, and the 10%-plus plunge in its price this month could send them fleeing at a moment's notice. In just the last week, the bearish mood of gold investors has brought the price of bullion down 3.7%, to $1,092 an ounce. In that same period, however, SPDR Gold Shares (GLD) has bought 12.2 metric tonnes of the stuff. Absent that demand, the price would ...
Related contentWho Buys Gold These Days?
8 hours ago ago from Choosing The Right Engagement Ring For Your Loved One
The main purchasers of gold today are investors; while it is true that gold is much in demand to make jewelry this is secondary as high prices and poor economic conditions are deterring consumers from splurging on high-priced jewelry. The question is why are investors buying gold so heavily and especially at a time when investments elsewhere such as real estate and stocks are taking such a beating? The answer is wrapped up in our ...
Related contentGold Catches Fancy Of Common Investors
6 hours ago ago from GuardiansPress
Gold has made a tentative entry into the portfolios of many common investors in 2009. Of course, it was mainly aided by the yellow metal's blinding returns in a short bursts, when all other assets were plumbing depths in the aftermath of global economic crisis. According to investment experts, many investors have realized the precious metal's ability to act a stabilizer in the wake of economic uncertainties and its important role as a perfect ...
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12 Days of Gift-Giving Cost True Love $21,466
7 hours ago ago from The New York Times
The partridge is a deal, and so is the pear tree, for the generous giver who wants to bestow the gifts listed in the song The 12 Days of Christmas on a beloved this season. But despite a tattered economy, the memorable mix of leaping lords, milking maids and a slew of fowl will cost slightly more this year. Suzanne Plunkett/Bloomberg News Gold prices rose almost 43 percent, lifting the cost of five gold rings to about $500. ...
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