September 5, 2011 – Gold has been rising faster than the price of mining stocks. Here are some statistics to prove this point.
In the twelve months ending August 31st, gold has risen 46.5%, but the XAU Index of precious metal mining stocks climbed only 17.7%. By itself, that is a good rate of return for [...]
Archive for February, 2012
September 4, 2011 – Since March 23, 2001, we have been holding goldgrams as our Core Currency Position. In other words, we have been keeping our liquidity – which is sometimes also referred to as one’s “Cash Position” – in goldgrams held in GoldMoney. By implication, we have therefore minimized as much as possible our [...]
July 9, 2011 – Gold closed in New York this past week at $1,541.20, which is only $15.50 below its all-time record high close of $1,556.70. In other words, a 1% jump from Friday’s closing price will put gold at a new record. It could happen this week.
Take a close look at the following chart.