The Gold Economy

Fear seems intense as many investors are fleeing to gold. In the midst of an unstable stock market, worries about the evident US weak economy and the debt woes of Europe, gold has been exciting investors with new high hovering around $1,800 per troy ounce earlier in August and fluctuating with a back down to about $1,750 per ounce.

The surge in the price of gold seems shocking if we consider that the price earlier this year was about $1,400 per ounce but five years ago the price was just around $500. Well, we may accept… Continue reading

The price of gold per ounce over the past year has advanced greatly as the Federal Reserve of the United States has been engaging in quantitative easing and monetary policies that are very loose. If you do a simple math about the price trend of gold, you will see that gold has gained $198 per ounce over the past 30 days and a whopping $548. 70 price gain per ounce over the past one year.

Just last Tuesday, at the conclusion of the Federal Open Market Committee (FOMC) meeting, the Federal Reserve announced the continuation of… Continue reading

JP Morgan, a foremost and global financial services market leader has predicted a surge in the price of gold to attain $2,500 or higher per ounce by year end according to a statement credited to Colin Fenton and Jonah Waxman who are commodity analysts of the financial services giant.

Also, Goldman Sachs expects gold prices to continue to climb into 2012 considering the low level of the real interest rates of the United States and sovereign  debt problems in the US and Europe.  The most interesting thing is the rise in the price of gold in… Continue reading

Many gold miners are presently making public their second-quarter financial reports of which most results are really outstanding. Companies that produce gold have learnt over the years never to worry about hedging the price at which they sell gold because the price of gold has always been uniformly strong that no gold miner needs hedge gold price in a major way in order to protect their profits particularly when the price of the precious metal has always been hitting new highs regularly.

Yamaha Gold Incorporated, a company listed on the New York Stock Exchange (NYSE/AUY) is a company that… Continue reading