The Gold Economy

Presently, gold stocks are striving to outperform gold bullion. We all know the abundance of money one can make if one invests in gold at the right time.

If we look at the historical background, gold stocks have always outperformed gold bullion as mining companies always benefit whenever gold prices go the upward swing while the cost of production remains unchanged so that the excess revenue leads to increase in gross profits.

When there is increase in gross profit without a corresponding increase in the cost of production, the positive side we should expect is… Continue reading

A survey conducted by Bloomberg reveals the possibility of gold extending gains from a record as debt crisis truncate economic growth. Bloomberg surveyed 30 people who are well informed about the basis of investments and made up of traders, investors and analysts.

While nine of the people surveyed were neutral to the outcome of the survey, five predicted that the price of gold will drop while sixteen out of the thirty people who took part in the survey believed strongly that gold will be rise in price next week. These sixteen people formed the majority of the surveyed people… 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

A modern day gold rush in a remote corner of Cambodia is the new target of foreign mining giants, Sapa reports.

The area, known as the “Gold Forest”, has already seen hundreds of local prospectors arrive in search of the precious metal. Currently the Gold Forest is a hand-dug mine close to the village of O’Clor in the northeast province of Mondulkiri.

Locals are said to be able to fetch about $12.50 per day here, which compared to the less than a dollar a day that a third of the population makes, is a significant income.

However… Continue reading