Trevor Gerszt

Trevor Gerszt has been passionate about gold since childhood. Growing up in South Africa, the world’s second largest gold producer, Gerszt spent his youth collecting gold coins. Surrounded by a family of experienced coin collectors, he gained valuable insight about the precious metal.

In today’s issue of The Wall Street Journal, there’s a story – more of a newspaper real estate listing, really – of a condo on Park Avenue in New York City that recently sold for $1.29 million.  The interior pictures of the apartment, though appealing, are by no means impressive.  And as New York City real estate prices go, the price is not exactly staggering for a three-bedroom condo – especially for Park Avenue. 

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Bad Sign For Gold or Buying Opportunity?

Thursday, 12 July 2012
Published in From The CEO
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When sullen investors look for perfection, gold never fails to disappoint.  Once again the yellow metal has been shamelessly threatened by the $1,554 low end of its current trading range.  Is there any upside in sight – any consolation for the impatient investor?

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When Gold Just Seems to Hover

Sunday, 15 July 2012
Published in From The CEO
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While gold seemed to stay sluggish for the week ending July 13, the last trading day on Friday offered significant hope for those in search of signs of a bull market.  A move from investors out of US Treasuries was sufficient to help propel the yellow metal up $19.00 per ounce to a close of $1,588.00 per ounce.  Read more...

The Fed Dance

Tuesday, 17 July 2012
Published in From The CEO
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Gold ended up yesterday in sideways trading – down a mere half percent at $1,586.10.  No harm, no foul.  This non-event of a day for the yellow metal had more to do with the Fed’s reluctance to turn on the currency printing presses for a third round of quantitative easing (Q3).  Gold was helped somewhat by the release of disappointing retail sales data.  Absent any clear stimulus signal from the Fed though, it’s likely to stay range bound for a while.

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Exploiting Gold’s Quiet Time

Thursday, 19 July 2012
Published in From The CEO
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After Ben Bernanke’s lackluster testimony before congress, is it any wonder the gold market decided to take a breather?  Any moves up or down have been unspectacular.  And gold closed out yesterday, July 19, at $1,581 per ounce, $8.00 per ounce up from the day before.  Read more...

When Gold and the Euro Part Company

Sunday, 22 July 2012
Published in From The CEO
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The official debut of the euro took place on January 1, 1999.  But the new currency became actual legal tender in 2002.  Gold, at this time, would continue its safe-haven status as an alternative to the US dollar.  For the most part though, the values of gold and its new sidekick began fluctuating together.  Read more...

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