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
News Desk

Gross Domestic Product Has Surprise 4th Quarter Drop

Thursday, 07 February 2013
Written by
Published in United States Economy
We know why the Feds went ahead and decided to continue with their $85 billion a month purchase program. It was because the United States economy posted a surprising drop in GDP (Gross Domestic Product) of 0.1 percent in the fourth quarter. The economy shrank from October through December for the first time since the recession ended (when was that)? Few exports hurt the economy, as defense spending was also… Read more...
The United States economy has recently slowed down some, and even come to a bit of a pause as a number of outside factors all acted together at once to slow the economy down. With bad weather and other news slowing the U.S. economy, the Feds have decided to continue purchasing securities at the rate of $85 billion a month for the foreseeable future. Read more...
Commodities were on the rise after the Fed recently announced its decision to maintain its current asset program package. The decision to keep the program was made after other reports came out and showed that the U.S. economy shrank unexpectedly. Read more...
While the euro has been the source of anger and trouble for most over the last year and a half, we have recently seen a trend in which the euro is getting all the love, while the dollar and the yen have not been able to rise as quickly as the euro has. This has led to investors expecting central banks in both the United States and Japan to keep… Read more...

Gold Dips on Investor Profit Taking

Friday, 01 February 2013
Written by
Published in Gold Investing
One day removed from a near $20 spike in price, gold dipped a bit in price heading into the opening weekend of February. The yellow metal had experienced a huge gain the day before, but was back down in price just a bit due to investors taking profit from the recent spike in price. Read more...
The 2013 White Mountain quarters were released a couple of days ago and are available for purchase in both nags and rolls. This is the latest quarter to be released as part of the “America the Beautiful” quarter series. The wildly popular coin series continues to impress collectors, and will continue to be strong for the duration of its run. Read more...

Huge Day for Gold as Weak GDP is Released

Wednesday, 30 January 2013
Written by
Published in United States Economy
Gold prices were up huge today, as news came down that the nation’s gross domestic product (GDP) was a lot weaker than many investors and traders thought it would be. This news pushed investors back into their safe haven positions and that alone caused the yellow metal to spike up by almost $20 in one trading period. Read more...

Gold Back Up After Four Sessions of Declines

Tuesday, 29 January 2013
Written by
Published in Gold Investing
After four straight sessions of declines, gold was back up Tuesday as a weaker dollar and a lack of good data regarding the economy was apparent. This is also the eve of the Federal Reserve’s monetary policy statement. As investors and traders await to hear what type of changes, if any, will be in store for them after the most recent Fed discussions. Read more...
A lot has been talked about over the last year and a half regarding China and its attempt to become the world’s number one gold buyer. Well, they can now claim that spot. According to the latest data to come out, China has definitely surpassed India as the world’s clear-cut number one gold buyer. While reports out of India continue to state their desire to get the number one ranking… Read more...
The price of gold dropped again today, hitting its lowest level in two weeks. More data was released showing that the world’s economy continues to gain steam, and with investors feeling high about the good news, gold has taken a hit. That being said, the low price for gold is really starting to bring out the bargain hunters again. Read more...