Tag: inflation

Three Reasons to Still Own Gold (or Finally Buy Some)

Trading Articles
By Steven P. Orlowski, StreetAuthority I recently watched the classic man-eating fish movie Jaws and the latest action in the precious metals space reminded me of the tagline for the film, "Just when you thought it was safe to go back into the water..." Is it safe to swim in the water? Or is Jaws still lurking out there, the physical embodiment of a financial world gone lethal? Can gold still protect us? Gold has had a magnificent run during the past 10 years, doubling in value since 2008 alone. Gold has set and broke several new price records, most recently reaching $1,500 per ounce on the Comex division of the New York Mercantile Exchange in Tuesday's trading. The most commonly-traded gold exchange-traded fund, the SPDR Gold Trust ETF (GLD), followed suit, closing just shy of...

The Six Most Useful Things the World Does With Gold

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When most people think of gold, they usually think of jewelry, or coins and bars -- the metal as a hard investment. Today, though, gold is used in host of technological and industrial applications. Jewelry still accounts for the biggest share of demand for the precious metal. In the second quarter of 2011, jewelry makers purchased nearly half of the total gold demand of 920 metric tons, according to the World Gold Council's latest Gold Demand Trends report. Demand from investors accounted for 39% of the total. Only 13%, or 118 metric tons, went for technological and industrial uses. IN PHOTOS: Essential Uses of Gold in Business The precious metal's unusual chemical and physical qualities make it a highly desirable material for use in six specific industries, according to the the ...

Can Gold continue to rise?

Trading Articles
How can you profit on Gold trading? Oil prices strengthened again after last week's retreat as tensions in Libya and other countries in the Arab world continued. The front month WTI crude oil contract rose above 103 for the first time in 6 days. Corresponding Brent crude oil contract also recovered. The IEA said that unrest in Libya is beginning to impact European oil supplies and they expect the situation could worsen if violence persists and the demand from Europe should improve through February and March. Hopes that the fighting in Libya subsided after Venezuela's peace offer failed as rebels rejected the plan. Fighting continued in capital Tripoli and other places in the country. At the same time, The International Criminal Court said they suspect Libyan leader Qaddafi and his so...