The Gold Insider » Gold Prices

Stimulus Spending Allows Gold Price To Go Over $900

Rob K. Blake — Sat, 31 Jan 2009 04:35:06 +0000

The news of the House passing the Obama $825 Billion Stimulus Package sent the price of gold over $900 an ounce. This seems to be the trend lately…each month a new higher trading range for gold prices.

Government Spending Driving Inflation Fears

In a Bloomberg article market watchers confirm inflation fears,

“Central banks are going to start printing money and it’s not an ideal place for investors to be,” said Joel Crane, a metals strategist at Deutsche Bank AG

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Geithner Boosts Gold Prices

Rob K. Blake — Sun, 25 Jan 2009 05:39:02 +0000

Don’t get me wrong, I hate Obama’s choice for Treasury Secretary in Tim Geithner, but it really helps gold prices. Geithner as Treasury Chief has had a boosting affect back when his name was first floated and again this week as his confirmation was pretty clear.

Gold Price Milestones and Tim Geithner

Back on November 21, 2008 when Obama announced his choice, Bob Pisani made note of the Geithner effect saying,

“Particularly strong throughout the day were gold stocks,

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Historical Gold Price – 1833 To Present

Rob K. Blake — Sat, 20 Dec 2008 19:59:53 +0000

The historical gold price really did not change until President Nixon took the US currency off the gold standard completely in 1975. Every year since the price of gold has fluctuated dramatically compared to the hundreds of years of stability prior.

The gold price chart below shows going back to 1833 and coming forward to the present, the price of gold as an average for the year. I will maintain this chart moving forward adding the average spot gold price…

US Dollar Inflation Shown In Gold Price Increase – Video

Rob K. Blake — Sat, 20 Dec 2008 19:12:15 +0000

I have often used the common tale of the “good suit” to explain the price of gold and it’s steady increase is really the story of US dollar devaluation…or what economists called inflation. I have now found a video that does a better job.

US Dollars Inflation Explained

The “good suit” story goes like this:

The cost of a good suit in 1920 was $20, about the same as an ounce of gold. Today, the cost of a good

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Bernanke and Exploding Gold Prices

Rob K. Blake — Tue, 09 Dec 2008 16:31:34 +0000

I have always believed the Federal Reserve and it’s Chairman had other objectives when taking office than simply “stabilizing the business cycle” or “fighting inflation”. As in all Orwellian dramas, the stated objective is usually the polar opposite of it’s nomenclature. This Federal Reserve with it’s current Chairman, Ben Bernanke, is no exception.

Currency manipulation and by proxy then, gold price manipulation are right up Bernanke’s alley. As we all know the price of gold and the strength of the…

Worldwide Financial Crisis Good For Gold Prices Says Citigroup

Rob K. Blake — Tue, 02 Dec 2008 17:20:28 +0000

I don’t put much sway in what “pundits” say because I know they have an agenda…Jim Cramer taught me that much. However a report out today by Citigroup analysts says gold prices will hit $2,000 an ounce due to the global financial crisis. I find this significant because they see this happening in 2009 and this supports Jim Rogers expectation for gold next year as well.

Unlike Rogers, these analysts credit the rise of the price of gold to…

Current Gold Prices – Updated Live

Rob K. Blake — Sun, 16 Nov 2008 18:05:38 +0000

This page will hold a ticker on the current gold price updated live. This is for you to check in occasionally on the movements in the current price of gold, but not to make trading decisions with.

Just like in the stock market, there is a “bid-ask” spread when it comes to buying and selling gold bullion or gold coins. If you follow my methods for owning gold, you’ll stay away from the coins since the coins have…