N. African unease fuels gold spike

Typically a haven for investors in times of uncertainty, this week’s uncertainty in the Mid East and North Africa has certainly rewarded those with gold in their portfolios. Gold has jumped 6% during February and is over $44,860 / kilo this first week of March, breaking the previous record high set in December of 2010. On the New York Comex exchange, the price of gold reached $1,434.40, a...

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Gold continues climb past $1400

Gold prices climbed above $1400 per ounce marking an all time high for the precious metal. Prices have risen 25% year to date, and many analysts predict that the trend will continue. Analyst Charles Shin of Pretium Ventures in Hong Kong agrees with the general consensus that gold prices will continue to rise. “I expect gold to continue to rise for at least another 8 months, and it could reach...

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Worth your weight in gold?

Now this is cute. British web site www.postgoldforcash.com has published a widget that allows you to calculate what you’d be worth if you were made of gold. The widget also allows you to compare your results with celebrities  like Stallone, Swartzenegger, Joli and Madonna. Are you worth more? In case you don’t know your weight in kilos, or don’t know the value of the British...

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Volatile Gold Prices and Record High Values fuel “Cash for Gold” Craze

As gold prices continue to climb, an ever-increasing number of customers are eager to participate in the cash for gold craze. The decision about where to sell gold, however, is not an easy one. Gold buying businesses that gain a reputation of offering high gold prices, honest service, and no-obligation estimates will prosper and stand out from shadier, fly-by-night operators.On July 13, Gold...

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CMC Analyst sees gold hitting US $1,330

Interesting article in the National Post yesterday. One Ashraf Laidi, chief market strategist for CMC Markets predicts that gold will shoot to $1,330 US before the new year. Mr. Laidi attributes this “optimism” to Europe’s debt crisis as well as the activities of U.S. Federal Reserve. In addition, U.S. midterm election uncertainty as well escalting frictions between Israel and...

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