Gold Prices

How Much is Your House Worth in Gold?

No, that’s not a rhetorical question.

The St. Louis Federal Reserve Bank, which is in charge of FRED, the economics data and chart site have finally added gold into the database. This now means you can look at the price of gold as it relates to a huge number of other factors, like the price of housing.Photobucket

BusinessInsider.com took some time to create a few interesting charts that incorporate this new gold learning. Truthfully, they did it just because they could, but the results are pretty interesting…like what your house is worth in gold (warning:  it’s a little depressing).

They did comparisons among other economic factors, too, which illustrates the proportions or, in some cases, inverse proportions that these factors have with the price of gold. No surprise – when the dollar is down, gold […]

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By |July 13th, 2012|Gold Prices|Comments Off on How Much is Your House Worth in Gold?
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4 Reasons to Sell Gold Today

Gold is still HOT. Yes, its price has dipped in 2012, but according to the experts, gold still has a good shot of hitting Photobucket $2000 an ounce this year. While some people will take a “wait and see” attitude toward gold’s price, others will act on their desire to sell the gold they have. Typically, there are four reasons for this.

  • Moving to a smaller space – When people live in the same space for a long time, it’s easy to accumulate many things that seem important, but end up just becoming clutter. Downsizing a household due to death, divorce or changed life circumstances are all reasons many choose to sell a stash of gold jewelry, coins, etc.
  • Need money for bills or extra expenses – This is a common reason and what many have […]
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By |May 4th, 2012|Gold Prices, Selling Your Gold|Comments Off on 4 Reasons to Sell Gold Today
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India’s Love Affair with Gold

India has a love affair with gold, and it goes beyond buying small “pretties” to adorn the body. In India, the dream is to acquire gold – and as much of it – as you can afford. For there, gold isn’t merely a component of jewelry, it’s a wearable display of riches. Photobucket

Gold has always played a role in Indian society; there is even a Hindu God dedicated to wealth and prosperity (among other things) called Lakshmi. One day each year is dedicated to Lakshmi. Hindus are taught that buying gold on that day will result in prosperity for the buyer. Gold buying one day before or one day after won’t have the same outcome.

Effect on World Gold Market

India’s demand for gold is so high that they represent 32 percent of the total world gold market. […]

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By |March 11th, 2012|Gold Prices, History of Gold|Comments Off on India’s Love Affair with Gold
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The Gold Spot

Gold has been prized for its beauty and recognized as a valuable and rare commodity. Civilizations have Photobucketeven been destroyed for gold. That shiny yellow metal that resists rust and corrosion is prized today not only for its beauty in art and jewelry, but also for its use in medical and electronic devices. In other words, gold isn’t just prized because it’s pretty.  It serves great function in our society as well.

Given that gold is a finite resource, its value is determined by the whims of the marketplace.  It may surprise you to learn there are actually five variables that contribute to the market price of gold.

1. U.S. Dollar Value

The U.S. dollar has an inverse relationship to the price of gold. As gold prices increase, the value of the dollar decreases. A strong […]

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By |November 1st, 2011|Gold Prices, Investing in Gold|Comments Off on The Gold Spot
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