Today is June 8, 2012 and the price of gold is $1597.40 and the market is closed for the weekend. Gold prices were down for much of the day until late afternoon when word hit the street that Goldman Sachs revised downward their Q2 GDP estimates from 2.0 to 1.8% expected growth, which along with…
So when I meet someone new, outside my circle of friends and they say “Whatya you do?” I always pause…because that’s a tough one…sometimes I say I’m a gold buyer in Houston. Sometimes I say we buy gold. Mostly I say, “I opened one of those gold buying stores you’ve seen popping up all over…
The powers that be are circling the wagons in Europe, trying to figure out how to make every effort to convince people of two things, each of which is virtually impossible: 1) That the various disparate European powers actually CAN come to terms on a coherent, consistent financial stabilization plan where all countries are held…
Gold has now outperformed equities for 2012, and though we’re only halfway through the year, there’s good reason to believe that precious metals will continue to hold or outperform stocks. Here are the reasons why: 1) Japan’s aging population and recently renovated-through-natural-disaster infrastructure is under-performing and will directly affect our ability to sell electronics and…