Articles from year 2007

 

Wrapping the Present, and Our Year-end Schedule (December 16, 2007)
If gold closes December 31st at $798 or higher, then we will have seen a surge in gold prices versus the dollar of over 25% in 2007. Gold's dollar price has now increased every year since 2000.
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Year-End Bullion Product Report (December 1, 2007)
Just as the gold market cools off a bit, and bargain-hunters look to get their toes wet at lower price levels, we find a conspiracy of factors in play that make physical gold bullion products a little harder to find.
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Gold Prices Explore New Levels
(November 19, 2007) Gold traded into the long-forgotten $800 price level over the past week, and given the state of the world, is it really any wonder? And judging from the virtual absence of domestic press coverage of gold, does anyone in the US even care?
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More Fun with Big Numbers (October 16, 2007)
Now in its sixth week trading above $700, gold averaged over $712 in September, and some $737 so far in October. We find that over the past two years, there has been a $1.46 trillion shift in the relationship between the dollar and the value of the world's gold supply.
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Gold Set to Cost $700 for a While. (October 5th, 2007) 
Gold’s fourth straight week of trading for more than seven hundred US dollars is starting to look more like a plateau rather than a price spike. Would a chartist call this phase, ‘base-building?’
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Gold Rallies, Rallies and Rallies Some More (September 28, 2007)
Gold prices rose steadily in September, trading above $700 for 16 straight days, and fixing in Friday’s London afternoon market at a new 27-year high of $743, a gain of some 12% for the month.
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Gold Reaches 27-year High as the Dollar Retreats (September 21, 2007)
Gold traded this afternoon in London markets at $737 per ounce, its highest dollar price since February 1980. And as Ben Bernanke makes his first dramatic move at the helm of the Fed, Alan Greenspan released a book explaining his reign there.
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Back to the Future, Part II (September 9, 2007)
Gold took 16 months to reclaim its $700 price level, and this week it did it with a bang, climbing some 4.6% versus the dollar, posting higher prices each day. Amidst new demand from India, China, and the Middle East, it closed Friday right on that big round number.
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A Little Treasure Story (August 28, 2007)
Today’s afternoon London gold fix was $666, a portentous number to some. But since March the market has been consistently saying that an ounce of gold is worth two-thirds of a thousand American dollars. Deviations from that level have simply been noise.
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Credit Crunches, Foreclosures, and Mosquitoes (August 9, 2007)
Coming back from our week off, we find this month’s headlines dominated by real estate troubles - slow sales, falling prices, fewer building starts, and the largest housing inventory on market since 1992. Introducing the 'poverty effect.'
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10 Acre Estate, 7 Safes, 45 Pounds of Gold, and 14,500 Silver Dollars (July 16, 2007)
We received a very excited phone call the other week from the owner of a local estate service. His company had been hired by a bank to sell an estate, and while opening the seven safes that were in the main house, a fortune in gold and silver coins had been found.
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Final Ordering Deadline Fixed for Australia’s Lunar Series I Gold Coins (June 20, 2007)
June 20, 2007) After a few months of wrangling back and forth with the Perth Mint, today we received official notice of the ordering deadline for the hugely popular gold and silver Lunar Series bullion coins. Unless or until mintage limits are met, the latest date is…August 31, 2007.
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New Gold and Old Reasons (May 22, 2007)

No doubt you have heard some of the hype about the new five nines gold Maple. Quite a few media outlets published pictures of the enormous 100-kilogram 99.999% pure gold novelty coin which the Royal Canadian Mint produced to publicize the new Maple. This car-tire sized gold coin with a $1,000,000 face value provided a golden photo opportunity in the Mint's successful campaign to draw attention to the new limited-edition gold Maple Leaf bullion - a coin struck in gold refined to an unprecedented .99999 fineness.
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A Modern Silver Story ( May 10,2007)
In 1965, the first blows of U.S. Mint coining dies onto copper-nickel dime and quarter blanks shattered a 170-year tradition of silver coins in everyday American commerce. Days earlier, 1964-dated dimes had been struck on silver blanks not much changed since 1796, but now silver was disappearing…
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The Dollar, Pounded and Scrambled  (April 21, 2007)
For the first time in 26 years, it now takes two US dollars to purchase one British pound as the dollar’s weakness continues against most currencies, precious metals, and even a carton of eggs, now up some 30% in dollars terms in a year's time.
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Lunar Gold Series I to Close this Summer  (March 30, 2007)
Now in its 12th and final year, the Lunar Series gold bullion coins issued by the Perth Mint will cease production as of this summer. This innovative and beautiful set of coins has been a favorite of many, and Series II will launch this autumn in a new format.
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Exactly How Can Gold Be “Dirty?”  (February 27, 2007)
A public relations campaign called “No Dirty Gold” is out to help consumers avoid gold that has been party to any of the evils of humankind. Anyone with a sense of history realizes that not much aboveground gold is going to pass such a test...
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Spending All the Gold in the World - (February 5, 2007)
President Bush presented to Congress today his proposed budget of $2.9 trillion. Democrats, of course, objected to some of the proposed entitlement cuts, while realists pointed out that some of the budget’s assumptions are, well, unrealistic. But we have another take altogether.
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2007 Additions to the Gold Menagerie (January 15th, 2007)
In the worldwide zoo of gold bullion choices for 2007, the Panda is stronger than ever, the Kangaroo finally makes a striking impression, the Buffalo will return, the Pig completes Lunar Series I, and so far the Cat is missing. And the Krugerrand started it all.
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If Gold Were a Hedge Fund, You Could Brag About It (January 1, 2007)
Gold closed 2006 at $635, up some 23.19% during 2006, rounding out a five-year performance during which prices have more than doubled since the beginning of 2002. The rich pay hedge fund managers huge fees for such performance, but why should you?
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