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
Coin collecting is something that has always been a good thing to do, especially if the coins you collect are silver and gold. However, while one type of coin seems to continue to grow, another type of coin has taken a big hit. Silver coin sales continue to see their numbers go up while gold coin sales numbers have been down recently. Read more...
Gold dropped to a near three-year low heading into the weekend and is also poised for the worst quarterly slump on record. While gold has struggled mightily in 2013 (not at all what most thought), the fact of the matter is that this most recent slump can be attributed to the Fed announcement that they were curving the stimulus program. Read more...

Gold Premiums Jump in India

Thursday, 27 June 2013
Written by
Published in Gold Investing
A ban on consignment imports has suppliers of gold in India struggling to meet demand. While this cause gold premiums to double in the world’s largest gold buyer nation, futures prices still fell to their lowest point in around a month, as a strong dollar cause gold to fall just about everywhere else. Read more...
It doesn’t look like things are getting any easier for gold or silver. Both precious metals dropped hard today on data that showed the U.S. economy didn’t quite grow as much as expected. That, as well as a stronger dollar, combined to drop both gold and silver. Read more...
The battle for biggest gold demand has been waging for some time now between China and India. Ever since China stepped up into the precious metals arena and started buying as much gold as they could get their hands on they have been pressing India. At one point China had passed India as far as demand for gold goes before India took the crown back. It seems now though that… Read more...

Are Gold Prices Headed to Pre-QE Days?

Monday, 24 June 2013
Written by
Published in Gold Investing
This has been coming for a while and now that it is here it should be interesting to see what gold does. The Feds will take stimulus measures away sometime in the near future, and with it, gold prices have a good chance of dropping to below QE levels. The yellow metal will still be a strong purchase, but the overall price of gold will more than likely fall lower… Read more...
Gold dropped to its lowest point since September of 2010 after news that the Feds will indeed bring the current stimulus program to an end. This essentially ends the era of “easy money,” and now the economy will have to do its best to continue to rebound in a natural way. Read more...
Gold was up above a three-week low straight ahead of the Fed meeting that will more than likely give us more information on whether or not the Feds decide to keep the monetary policy in place or cut the current stimulus bond-buying program and allow for “natural recovery.” Read more...
Gold hit a one-week low in trading today as news that Feds are still heavily debating a stimulus pullback hit the wire. The U.S Central Bank is currently in meetings debating whether or not the $85 billion per month bond-buying stimulus program needs to continue on or not. Read more...
Gold started off this week by dropping as another monetary policy meeting is scheduled for later this week. This policy meeting will be closely monitored, as any type of clues regarding the continuation of the current bond-buying stimulus will be looked for. Read more...