Tag Archives: investing in gold 2012
Since Obama entered office 2008, gold has been on an unbelievable tear. But will the momentum continue during the president’s second term? Let’s zoom out and see: Over the last five years, gold’s spot price has only two spots where it lost significant momentum. Once was during the 2008 financial crisis (where the term “sell [...]
You need to own gold and silver. This is something that I’ve been saying for many years to my paid-up readers. Precious metals are one way to preserve your wealth in an era of inflation. Indeed, it’s not too late to start accumulating gold and silver.
The price of gold buoyed back above $1,600 today, portending another fine year for metal watchers. After slipping down to nearly $1,500 an ounce over the holiday week, gold prices are now steady around the important $1,600 level. The price for crude oil followed a similar path and is currently up over 3% on the day at $102.56.