5 Lessons From the Inside Commodities Conference
The Inside Commodities Conference took place in Chicago last week, and there was no shortage of interesting speakers and heated debates over the future of varying aspects of the commodity world. The day was chock full of presentations and findings on the commodity world, some of which were new or unique theories and ideas. We were able to boil it down to the five most important lessons and information conveyed at the conference, to help our readers stay up to date on the fast paced environment of commodity investing [for more commodity news and analysis subscribe to our free newsletter].
Investing In Gold: The Definitive Guide
Gold is one of the rarest metals in the world, and has a long history as a valuable and intensely sought-after element. The precious metal has served as the basis for physical currency for thousands of years, and many monetary systems throughout human history have utilized a gold standard that focused on the precious metal. Exploration and production of gold has become a major industry in regions that maintain significant deposits of the metal, and quests for gold have been the impetus of countless expeditions and discoveries [for more gold news and analysis subscribe to our free newsletter].
The Top 100 Gold Investing Blogs
It seems like the past few years have seen everything align in favor of gold, as this precious metal has skyrocketed in popularity. Now, people all over the world are scrambling to add gold exposure to their portfolio. But it can be difficult to find the best methods for gold allocation and which is correct for you. Luckily, there are plenty of well-versed experts around the internet to help you get a handle on the various ways you can invest in gold. Below, we outline the top 100 gold investing blogs (in no particular order) from around the web [for more gold news and analysis subscribe to our free newsletter].
Warning: Counterfeit Gold Bars Spotted in U.S.
Get your foil hats and stock your bunker, the conspiracy theorists scored a recent victory when it comes to gold. For quite some time now, many have speculated that the amount of gold the U.S. claims to hold is a sham. It is already very likely that gold prices were manipulated alongside LIBOR, but recent news has only added fuel to the fire. Last week, a counterfeit gold bar was discovered in the U.S., as a 10 ounce gold bar sold in Manhattan was shown to be nothing more than tungsten, essentially erasing a near $18,000 purchase. Shortly thereafter, 10 more counterfeit bars were discovered [for more gold news and analysis subscribe to our free newsletter].
Three ETFs To Cure a Gold Hoarding Addiction
A recent story broke about a man who died with more than $7 million worth of gold hidden in his home. There was so much of the precious metal, that it had to be taken out in a wheelbarrow. The bullion ranged from your standard American Eagles to “British sovereigns with Queen Victoria’s picture on them, gold maple leafs and a lot of Mexican coins” a local news station reported. The boxes were stacked two feet high and two and a half feet long, as this gold hoarder was sure to keep plenty of bullion on hand in case he needed it [for more gold news and analysis subscribe to our free newsletter].
Marc Faber Warns: Store Your Gold Overseas
Marc “Dr. Doom” Faber has become quite well-known not only for his bold predictions, but for his investment prowess, as he effectively predicted and navigated the current financial fiasco. Along with the fact that he feels our nation as a 100% chance of entering another recession, the doctor has yet another warning for investors out there; don’t store your gold in the United States. “You ought to own some gold but don’t store it in the U.S., the Fed will take it away from you one day” said Faber, referring to what he feels will be an inevitable gold confiscation part deux [for more gold news and analysis subscribe to our free newsletter].
How to Build a GLD-Free Gold Bug Portfolio
Gold’s massive historical returns have left no shortage of gold bugs in the commodity world. For years, investors have been flocking to the precious metal, choosing the commodity as their number one choice for safe haven investing. Gold also holds its appeal as being a potential hedge against inflation, allowing investors to protect their portfolios from a rise in prices. Although the yellow metal has no major industrial purposes, its demand across both developed and emerging markets has grown tremendously over the years as investors seek to add value and stability to their portfolios. In the gold exchange-traded product space, there is perhaps no fund more instrumental to gold’s rise than the SPDR Gold Trust (GLD), which just so happens to be the second largest ETF in the world. GLD is home to nearly $68 billion in total assets and trades over 9 million times a day. But in recent years there … See the full story here →
Gold Prices Surge After QE 3 Announcement
As markets expected, Ben Bernanke announced a third round of quantitative easing today in the form of $40 billion per month in mortgage-backed-securities. But unlike other programs with a definitive ending, this will perpetuate until the Fed sees meaningful growth in the economy and a better employment situation. That kind of open-ended policy has many cringing in their seats, as it seems like printing more money is the only weapon that the Fed has left in its arsenal. But despite how you feel QE 3 will perform, there is no question that gold investors were overjoyed to hear the news [for more gold news and analysis subscribe to our free newsletter].
3 Countries With The Largest Gold Reserves
Gold has a rich history throughout the centuries as a store of value and a means of exchange (money) for goods and services between peoples all over the world, no matter the particular culture. Perhaps that is because gold is found in so many locations around the globe. Today, gold producing countries are found on nearly all continents and run the gamut from economic superpowers like the United States to small, emerging market economies. No single country produces more than 14% of the gold mined each year, making it truly a global industry [for more gold news and analysis subscribe to our free newsletter].
Sell Gold Before Bernanke’s Address Tomorrow
Here it comes, yet another chance for Bernanke to announce QE 3, and as has been precedent this year, another chance for him to disappoint markets. At his Jackson Hole speech, Bernanke stood pat by stating that the Fed was willing to help the economy, but was waiting to step in. But last Friday’s jobs report has put more pressure on Bernanke than ever. Though our unemployment rate dropped to 8.1%, it was another case of the government’s data being controversially reported, as fewer jobs were added. That combined with Mario Draghi’s willingness to step in for the EU has put a bullseye on Bernanke’s address to Congress tomorrow [for more economic news and analysis subscribe to our free newsletter].
