When I started suggesting that you buy gold back in 2001 or so – having met a particularly convincing gold bug – the idea was met with almost universal derision. Still, nothing succeeds like success …
Is it time to go contrarian on gold?
Category: Gold
The best dollar hedge
I’m sure by now you are well aware of the tear that most commodities have been on thus far in 2008. But last week was particularly worth noting. As you know, gold hit $1,000 per ounce. …
Gold is grabbing the headlines – here’s how to get in
There is chaos in the jewellery markets. The price of wedding rings is changing so fast that that there is no way you can pop into a shop in Hatton Garden, London, for a quote on …
Gold shines as inflation fears rise
After pausing for breath late last month, gold has taken off again over the past few days, approaching $990 an ounce early this week before dropping back to around $960 as traders took profits; it …
What silver’s strength means for the gold price
The past week was a good one for the precious metals. In terms of dollars, gold rose 4.6% on the week. It scored new all-time (non-inflation adjusted) weekly closing highs against the US dollar, Chinese …
Keep buying gold, platinum and silver
Platinum is looking unstoppable. It shot to a new record above $2,100 an ounce early this week as it became clear that power disruptions in South Africa, which comprises 75% of global production, could hamper …
Why gold is still undervalued
In an alert entitled ‘The Case for Commodities’ that was published on November 9, 2003 I wrote: ‘The flight out of the US dollar continues, and commodities are one of the logical safe havens in …
Where next for gold and platinum?
Once again we have seen “how sensitive tight markets are to production hiccups”, said Carolyn Cui in The Wall Street Journal. Gold and platinum prices have hit respective new records of over $930 an ounce …
Gold: it’s about far more than power cuts
Last Friday, gold surged to a new record of $923.73 an ounce (then $944 on Tuesday). The rise was put down to production problems in the world’s second-largest producer, South Africa, which closed down precious …
Go for gold, but get cautious on oil
“Dynamics have begun to change inexorably towards a diminishing supply of gold and increasing investment demand.” So said David Davis, Analyst at Credit Suisse Standard Securities. It has also been said that we are very close …