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News
Gold Price Volatile But Inflationary Distortions Add to Investment Appeal as Indian & Chinese Gold Demand Rises
The Gold Price slipped 0.5% from a new 8-week high Thursday lunchtime in London, while global stock markets stalled after a 3-day rise and commodities also pulled back.
Read moreChinese Buying Gold Like Cheap Cabbage, Greece says Nein! to German Budget Plans
The wholesale market cost of Buying Gold rose to $1728 per ounce Monday morning in London – down slightly on last week's close – while stocks, commodities and the Euro all fell and government bond prices gained as European leaders met for their latest summit in Brussels.
Read moreHands down, the cheapest place in the world to buy gold coins
For anyone looking to hold gold as a store of value or even medium of exchange, major gold coin mintages like the Eagle, Maple Leaf, and Krugerrand are advantageous because they’re recognizable worldwide.
Read moreCharting The Price Of Gold... All The Way Back To 1265
We have often seen requests to show the price of gold going back as long as possible. Tonight we can oblige, with a gold price chart, indexed in 2010 British Pounds, going all the way back to 1265.
Read moreJim Sinclair - There Will Be a Run on Gold Stored in the US
With gold remaining firm above $1,650, today King World News interviewed legendary Jim Sinclair, to get his take on where things are headed. Sinclair surprised KWN by telling us there would be a run, by European countries, on the gold they have stored at the New York Fed. Here is what Sinclair had to say when we asked him if the IMF would be selling any gold: “No. The role of gold has changed and gold is moving more toward the central bank then away from it. On top of that you have seen a significant amount of media attention towards, ‘Where is our gold?’ This is taking place in the European press.”
Read moreDemand to Buy Gold Shows Huge Scope as US Fed Vows 0% Rates until 2014, More QE Now Ahead
Investors wanting to Buy Gold exposure added 9 tonnes to the holdings of the New York-listed SPDR Gold Trust, whose assets rose to $69.3 billion by value. "People are still very under-invested in gold, and so there is a huge scope of that increasing," reckons UniCredit analyst Jochen Hitzfeld in Munich, speaking to Bloomberg.
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