Recent Goldco News
  • Gold’s Value as a Safe Haven Intensifies

    Gold’s Value as a Safe Haven Intensifies
    For the second straight day, Gold has repeated last week’s pattern of defying its own customary summer trading doldrums. After a precipitous sell-off that knocked the yellow metal down to $1,298, it closed Thursday at $1,320 per ounce, up $19.00 from the previous day’s close. Additional sanctions on Russia, coupled with Israel’s just announced invasion of…
  • Gold Slips Below $1,300

    Gold Slips Below $1,300
    It’s been a brutal week for gold, with prices finally stabilizing marginally below $1,300. On Monday gold dropped 2.3%, the largest one day drop in all of 2014 so far. Gold prices bounced off lows in early trading on Wednesday, up $3.44 to $1,298.07, while silver was up $0.05 to $20.72.
  • Those Lazy, Hazy, Crazy Days of Summer

    Those Lazy, Hazy, Crazy Days of Summer
    There she goes again, surprising the daylights out of investors and market watchers, dashing expectations for another sleepy summer trading season! The scorned orphan of the financial community ratcheted up to yesterday’s London fix of $1,322.50 per ounce, and became its own hard act to follow at today’s London fix of $1,343.25. As I write,…
  • Gold Steady on Demand for Bullion

    Gold Steady on Demand for Bullion
    Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher.
  • Gold Powers Higher

    Gold Powers Higher
    These are strange days for the economy, as both gold and the stock market posted higher prices in the same week. In midday trading on Wednesday, gold was higher by $3.21 an ounce to $1,329.40, and silver was up $0.24 to $21.24. The surge in gold prices was matched by the stock market, powering into record…
Recent Goldco News
In recent years, the investment community has increasingly looked to the principle of sector rotation as a way of understanding why some investments are better than others. In fact, the concept itself hedges the question; because it suggests that one kind of investment is better than another only during a specified period of time. Read more...

Gold Tests $1,300 Support Level

Wednesday, 07 May 2014
Written by
Published in Gold Investing
Heavy outflows from gold ETFs, and a sag in demand for physical bullion, pushed gold prices back below $1,300 in mid-week trading. Gold is currently down $11.44 to $1,296.30, and silver followed gold lower by $0.18 to $19.38.  Gold pushed below the $1,300 support level despite a weaker U.S dollar, which usually tends to lift gold prices. The price move boosted the Dow/Gold Ratio to 12.71, up from 12.6, which… Read more...

Gold Continues Lower

Monday, 02 December 2013
Written by
Published in Gold Investing
Asian demand for physical gold stepped up to slow the fall of gold and silver prices, as demand for bars, coins, and jewelry picked up in China — but it wasn't enough to reverse the recent downtrend. In early trading on Thursday, gold was down another $33.16 to $1,241.74 an ounce; and silver prices firmed up just under $20. Read more...
1. Stocks are more profitable in the long run. Which stocks? General Motors, maybe? True, that's a stock that has performed nicely this year. But need we remind you GM went bankrupt as recently as three years ago? If you don’t mind looking over your shoulder at the competitive Japanese car market and the labor problems that dogged GM for a long time, go ahead — take your chances. Or did you… Read more...

Uncertainty Driving Gold Markets

Wednesday, 23 October 2013
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Published in United States Economy
With the Federal Reserve in a state of transition, with new leadership coming to the helm and the clown show we call Congress taking the country to the brink of a catastrophic default, gold prices are on a tear this week. Gold is up $48 an ounce for the week so far, completely erasing losses for the month; and the uptrend looks to finish the week out on a high note.  Read more...
While we’ve consistently maintained that any time is a good time to buy gold, some times are better than others. Because of some conspicuous weaknesses in our economy, now is an excellent time to buy gold. Here’s why. Read more...

Was the Government Shutdown Good for Gold?

Thursday, 17 October 2013
Written by
Published in United States Economy
Gold is a highly valued investment haven in times of economic or political crisis.  Ever since the introduction of fiat currencies, which have value only because a government backs them, gold has been a safe place to invest when paper money destabilizes.  When American politicians abuse our economic system to jostle for power, gold can seem like an especially attractive investment.  Before you ramp up your gold investments, however, you… Read more...
Certainly one benefit of waiting till the world ends to buy gold, is that you don’t have to worry that much about price. Chances are that the party you buy it from will be more worried about where he’s going to hide and where his next meal is coming from, than the price he’s going to charge you for his gold stash. Another benefit of buying then is you don’t have to… Read more...
When it comes to modeling success, I was taught to do so by looking at those who have accomplished what I want to accomplish. So, why wouldn't I look at the fact that there is a trend, in which the richest people in the world are protecting themselves from a potential recession by investing their money in gold and silver? Read more...

How to Rollover Your IRA Into Gold

Tuesday, 08 October 2013
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Published in Gold Investing
An IRA is a special type of savings account created for the purpose of reducing taxation and preparing for retirement. There are two main types of IRAs, Traditional and Roth. Each one has specific benefits, and they can be used to help save and accrue money that can be accessed on a tax beneficial basis, once you reach the age of 59. Read more...