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News
Gold Prices Decline Further as Crunch Time Arrives for Greece, But Gold Now More of a Safe Haven than in Nov. and Dec.
Gold Prices continued to fall Monday morning in London, hitting $1713 per ounce by lunchtime – 2.8% down on last week's high – as stocks and commodities also ticked lower, while US Treasury bonds gained.
Read moreWill Gold Be Currency Or Will Cash Be Illegal?
Will future gold profits be enjoyed on a tax-free basis because gold has become the new currency and cash isn't taxed when it is spent? Or will governments around the world use the pretext of financial emergency to continue to take ever greater control of their citizens' private lives and make cash itself illegal, requiring all financial transactions to be in electronic form with a "cc" to the government?
Read moreGold Price Volatile But Inflationary Distortions Add to Investment Appeal as Indian & Chinese Gold Demand Rises
The Gold Price slipped 0.5% from a new 8-week high Thursday lunchtime in London, while global stock markets stalled after a 3-day rise and commodities also pulled back.
Read moreChinese Buying Gold Like Cheap Cabbage, Greece says Nein! to German Budget Plans
The wholesale market cost of Buying Gold rose to $1728 per ounce Monday morning in London – down slightly on last week's close – while stocks, commodities and the Euro all fell and government bond prices gained as European leaders met for their latest summit in Brussels.
Read moreHands down, the cheapest place in the world to buy gold coins
For anyone looking to hold gold as a store of value or even medium of exchange, major gold coin mintages like the Eagle, Maple Leaf, and Krugerrand are advantageous because they’re recognizable worldwide.
Read moreCharting The Price Of Gold... All The Way Back To 1265
We have often seen requests to show the price of gold going back as long as possible. Tonight we can oblige, with a gold price chart, indexed in 2010 British Pounds, going all the way back to 1265.
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