Blog
-
Fed Statement Sparks Gold and Silver Rally
- May 2, 2011
- Category: News
May, 2, 2011, Los Angeles – The price of gold rose 3.60 percent to a new weekly closing high of $1,563.20 an ounce following the statement of the Federal Reserve on Wednesday that interest rates would remain near-zero for an extended period. The price of silver gained 0.31 percent to finish the week at $47.89 an
-
Gold and Silver Reaching All-Time Highs
- April 25, 2011
- Category: News
April, 25, 2011, Los Angeles – Gold bullion prices finished higher for a third consecutive week after gaining 1.51 percent and closing at a new all-time high of $1,508.90 an ounce last week following Standard & Poor’s surprise downgrade of their outlook for U.S. sovereign debt from stable to negative, on Monday. The price of
-
Gold Attracts Smart Investors
- April 21, 2011
- Category: News
Gold prices are primarily affected by global supply and demand. Recently, supply has been declining while demand has been increasing. The result has been a steady upward trend in the market price for gold. Today, the price of gold closed at around $1,504/ounce. Just one year back, it was around $1,141/ounce. Five years ago, it
-
Precious Metals Hitting New Highs
- April 18, 2011
- Category: News
April, 18, 2011, Los Angeles – The price of gold gained 0.83 percent to close at a new all-time high of $1,486.50 an ounce last week on continued unrest in the Middle East and North Africa. The price of silver gained 5.09 percent to close at a 31 year high of $42.98 an ounce for
-
Record Setting Week for Gold and Silver Bullion
- April 12, 2011
- Category: News
April, 11, 2011, Los Angeles – Gold prices surged a record setting 3.24 percent or $46.20 to end the week higher at $1,474.30 an ounce while the price of silver gained 8.29 percent or $3.13 to finish the week at $40.90 an ounce while the Gold/Silver ratio dropped to 36.04, its lowest level in 28
-
New Bill Would End Tax on Gold and Silver Coins
- April 4, 2011
- Category: News
Los Angeles – Gold bullion prices finished the week down by a mere 0.08 percent at $1,428.10 an ounce while the price of silver finished the week higher by 1.26 percent at $37.77 an ounce and the Gold/Silver ratio fell to 37.81, its lowest in over 13 years, as silver continues to grow more expensive
-
Volatile Economic Conditions Make Now the Right Time for a Gold IRA
- March 29, 2011
- Category: Gold IRA
Los Angeles, CA — Today’s negative economic and geopolitical conditions contribute to the steadily rising price of gold. For this reason, many investors have been rolling over their 401(k)s, Traditional, and Gold Roth IRAs into new gold accounts. The goal, of course, is to gain greater safety against devaluation of the U.S. dollar, a hedge
-
Gold and Silver Hitting Record Highs
- March 28, 2011
- Category: News
Los Angeles – The gold price reached a new all-time record high last week of $1,447.82 an ounce before finishing the week higher by 0.75 percent at $1,429.30 an ounce on spreading nuclear contamination in Japan and Middle East violence leading to record crude oil prices and increasing signs of inflation. The price of silver
-
Gold Higher on No-Fly Zone
- March 21, 2011
- Category: News
Los Angeles – The price of Gold rose last week gaining 0.12 percent to $1,418.70 an ounce for the week, on higher crude oil prices and escalating anti-government unrest in the Middle East and North Africa, including the no-fly zone imposed on Libya. The price of silver dropped 1.70 percent to end the week at
-
Can China Corner the Gold Market?
- March 14, 2011
- Category: News
Los Angeles – Gold bullion prices pulled back slightly last week slipping 0.77 percent to $1,417.00 an ounce after rising for five weeks in a row, on continued fighting in Libya and the threat of political unrest spreading to Saudi Arabia. The price of silver rose 0.96 percent to end the week at $35.85 an