Looking to give the gift of gold? Head on over to the California Numismatic Investments website. We have something for all of your friends and family members, and we can even help you earn extra money yourself! How can California Numismatic Investments make the gift giving easier? We can help…
Commentary for Friday, Jan 31, 2014 (www.golddealer.com) – Gold closed down $2.60 at $1239.80 which makes for a $25.00 loss on the week. Gold actually began the day’s trading higher ($1254.00) helped by falling equities but it later reversed direction probably because of euro weakness which fueled dollar strength. The…
Commentary for Thursday, Jan 30, 2014 (www.golddealer.com) – Gold closed down $19.50 today at $1242.40 pressured by a stronger dollar and perhaps a delayed reaction to yesterday’s $10 billion taper. The dollar was up more than 1/2 percent and trading over 81 on the Dollar Index as the emerging market…
In today’s shaky economic times, more and more people are looking for ways to invest their money with very little risk. Stock prices fluctuate and can be a risky venture even for the experts. Gold and silver, however, have intrinsic value and are considered a solid investment for a variety…
Commentary for Wednesday, Jan 29, 2014 – Gold on the COMEX closed up $11.60 today at $1262.20 an unexpected move higher in light of the Federal Open Market Committee meeting today which cut the quantitative easing program another $10 billion. Higher prices in the gold market looks like safe haven…
In 1900, the U.S. moved to a gold standard, at which point the dollar’s value was directly linked to the value of gold. In 1933, during the Great Depression, President Roosevelt suspended the gold standard, allowing the federal government more control over the value of the dollar. Today, some politicians…
Commentary for Friday, Jan 24, 2014 (www.golddealer.com) – Gold closed up $1.90 at $1264.50 going into the weekend and there was some interest above $1270.00 probably because of continued stock and rumor problems from the Pacific Rim but in the end traders were happy to take profits. Also keep in…
Many of the most popular gold coins and bars are without numismatic value, such as kilo bars from PAMP, which have 32 ounces of gold. These gold bars come in a sealed package with a certificate of authenticity. Another popular choice is the one-ounce Silver Eagle coin, which is produced…
Commentary for Thursday, Jan 23, 2014 – Gold closed up $23.60 today at $1262.60 and the strength of gold was surprisingly strong given recent profit taking and is the result of just released Chinese economic numbers which disappoint. Most of the Pacific Rim took these manufacturing numbers to mean there…
Commentary for Wednesday, Jan 22, 2014 – Gold closed on the Comex down $3.30 at $1239.00 so holding above the important $1200.00 level but not showing much interest in committing to higher levels. Obviously gold is being held in check because speculative interest is looking elsewhere in this range-bound market…