By: Ben Traynor, BullionVault London Gold Market Report U.S. DOLLAR gold prices soared to a record $1714 an ounce in Monday’s Asian trade – up 3% from last week’s close – following Friday’s…
Tag: gold market
Gold Dips, Germany & ECB “Dragged” towards “Shock and Awe”, US Jobs News Positive
By: Ben Traynor, BullionVault London Gold Market Report U.S. DOLLAR gold bullion prices fell to $1655 an ounce Friday lunchtime London time – 1.6% off the latest all-time high set the previous day…
Gold, Medicare and Foreigners’ Money
Forty years ago this month the Dollar lost its link to gold. The result was a growth in entitlement spending… I was the one who let you know I was your sorry…
Gold Sets Dollar, Pound & Euro Records, “Growing Risk” of Eurozone Credit Crunch
By: Ben Traynor, BullionVault London Gold Market Report THE DOLLAR gold price set a new intraday record of $1672 per ounce Wednesday morning – a 2.7% rise from last Friday’s close. The gold price at…
Gold Rallies After Drop, Washington “Kicks Biggest Can Ever”, Global Manufacturing Slows
By: Ben Traynor, BullionVault London Gold Market Report U.S. DOLLAR gold bullion prices rallied to almost $1620 an ounce Monday morning London time – 0.7% off Friday’s all time high – having dropped…
Gold Rallies, “Credibility Downgrade” Hits “Irresponsible” Washington
By: Ben Traynor, BullionVault London Gold Market Report THE U.S. DOLLAR gold price climbed to $1617 an ounce Friday morning London time – 0.7% off Wednesday’s all-time high – as stocks and commodities…
Gold Choppy, US Reaching “End of Empire”, Investors Have “No Safe Havens Left”
By: Ben Traynor, BullionVault London Gold Market Report THE PRICE to buy gold in US Dollars oscillated Thursday morning London time – soaring to just under $1620 an ounce before easing back – while…
What Didn’t Change When Nixon Cut the Gold Link
The monetary system that dates back to August 1971 shares one vital trait with its predecessor… “LET ME lay to rest the bugaboo of what is called devaluation,” Richard Nixon told his…
Gold Breaches $1625, US Ratings Downgrade Now “Almost Certain”
London Gold Market Report U.S. DOLLAR gold bullion prices hit a new intraday record high of $1625 an ounce in Wednesday’s Asian trade – a 1.5% gain on Friday’s close – before easing…
US Housing in Gold: 1 Comex Bar Only
Inflationary or deflationary depression, it’s like the long boom of affordable mortgages never happened… SO IS the U.S. housing market nearing its low? Priced against gold it just might be. Falling hard…