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

Gold May Hit All Time Highs in 2013

Tuesday, 01 January 2013
Written by
Published in Gold Investing
Gold closed out 2012 with a 12th straight year of gains. This has been the longest run of gains since 1920, and even though 2012 wasn’t the biggest year for gold due to all of the outside factors affecting the metal, we still ended up with gains. Now we look ahead to 2013, a year that many think will bring… Read more...
It appears that gold will enjoy its 12th straight year of gains, especially on renewed concerns that the Central Bank will step in with yet another stimulus if there is no fiscal cliff deal in place before the deadline.Gold for immediate delivery was up by 0.4 percent for the day to come in at $1,661.88 an ounce in New York.… Read more...

Gold Up, Stays on Track for Yearly Rise

Monday, 31 December 2012
Written by
Published in Gold Investing
Gold traded up Monday, as the fiscal cliff issues were still unresolved and investors continue to look for anything out of Washington that would signal some sort of fiscal cliff deal has been done. Despite the fact that no deal is done and we are in the 11th hour, gold did indeed spike up today and remains on track to… Read more...

Gold Bulls are Strongest Since August

Friday, 28 December 2012
Written by
Published in Gold Investing
As the deadline for a fiscal cliff deal rapidly approaches, a recent survey by Bloomberg showed that gold traders are the most bullish since August. This shows that the yellow metal is strong, despite the fact that no debt deal has been agreed on. Whether or not a deal is agreed on is not relevant at this point, as gold… Read more...
Bargain hunters for gold and silver have been out and about over the last couple of days as prices for both metals remains steady and low. The yellow metal and the white metal have both made small gains over the last couple of days, but are still low enough because of the fiscal cliff that bargain hunters are out in… Read more...

Gold Analyst Outlook Forecasts for 2013

Friday, 21 December 2012
Written by
Published in Gold Investing
With 2013 right around the corner, we have put together a little article with quotes regarding what some of the major analyst think gold will do in 2013. The following is a compilation of their views on price action and factors they see as most likely to impact the market. What will happen with gold and gold price in 2013?… Read more...

Gold Gains on Safe Haven Demand

Friday, 21 December 2012
Written by
Published in Gold Investing
Gold gained in price for the first time in four days as budget talks for the fiscal cliff situation remain at a standstill, which is causing plenty of safe haven demand for the yellow metal.Lawmakers just cancelled a plan vote for higher taxes for top earners in America, which now gives both sides less than a week to reach agreement… Read more...
There are a bunch of banks and investment companies that are rolling out their 2013 price forecasts for gold. UBS has now released their forecast, and like most others, the overall number they predict for gold in 2013 is very high. UBS is retaining its forecast for gold to rise to an average price of $1,900 an ounce in 2013.… Read more...
TD Securities released its 2013 forecast earlier this week and with it they projected gold to hit the $2,000 per ounce price mark by the end of 2013. While they remain bullish on precious metals for the longer term, TDS also cautioned that there is potential for weakness in the short term, should U.S. “fiscal cliff” uncertainties and risk-off sentiment… Read more...

Buy Gold in Los Angeles

Monday, 11 June 2012
Written by
Published in Gold Investing
People all around the Los Angeles area are looking for a good way to invest their money. Since gold is arguable one of the best investments there is -- if not the best investment, many L.A. based investors are looking for good gold dealers in Los Angeles. This is where Goldco Direct comes in.Goldco Direct is the perfect place to… Read more...
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