Gold Price Supported by Currency Values
Gold investment is becoming more accepted as a substitute for currency by industry observers, particularly in light of the context of all four major currencies experiencing structural debasement.
Articles Tagged "currency"
Demand Rising for Physical Gold
A lack of confidence in the value of currency and the financial management of many economies is pushing up the price of physical gold, though demand from investors continues to rise along with the need for storing this bullion in vaults across the globe.
The Euro May Struggle to Stack Up Against Gold
Changes to the European Financial Stability Facility could mean a loss in value of the Euro currency in relation to gold and other precious metals.
Silver to Join Gold as a Currency?
Larry W. Reaugh argues that gold and silver could once again back global currencies.
Gold hits two-week high over $1,400 as USD sinks
Reuters reports that Gold prices jumped nearly 1.5 percent on Tuesday.
Gold Futures Rise to Record Closing Price on `Currency Debasement’ Concern
Bloomberg reports that Gold futures rose to a record settlement of $1,416.10 an ounce on concern the U.S. will pump more cash into the economy.
Gold’s Allure Tied to Interest Rates
USfunds.com reports any pullback in gold should be muted as compared to stocks, bonds, and other commodities.
World economy: In gold they rush
FT.com explains role for gold in the world’s monetary system.
If the World Goes Gold
The Wall Street Journal reports that if gold continues to boom then the buyers can cash in.
NY Gold Eases As Economy
The Wall Street Journal reports that U.S. economic data and a stronger dollar weighed on Comex gold prices.
