Historical gold articles by Richard Smith
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Historical gold articles by Richard Smith |
| Some timeless | |
| Some once timely | |
| Some probably just time wasters | |
(July 23, 2010) 1099s for Everyone – Coming in 2012! On Christmas Eve 2009 the Senate passed a bill entitled the “Patient Protection and Affordable Care Act.” It was signed into law by President Obama on March 23, 2010. Buried in this 2,400 page bill is an upcoming nightmare for US taxpayers and businesses. (June 28, 2010) Where Is (all that) Gold Going? The world seems to be expecting a correction in gold prices, and why not - demand from retail jewelry sales is falling, and supply from gold scrap recycling is at record levels. Yet, the stubborn yellow metal refuses to fall. (June 1, 2010) Tall Tales About Gold. There is nothing like a 9-year rally in a monetary commodity to focus media and political attention on the soaring yellow metal. A New York Congressman launches a full-scale attack on doom-and-gloom marketing, while Barrons prints a full-page guest editorial about gold - from a banker offering investment advice. (May 24th, 2010) The World Saves Gold, So Does Gold Save the World ? As 2010 began, gold buying in the United States had finally calmed down after two years of record demand, while fiscal mismanagement Greek-style caused gold to flow like wine into European vaults. Now here comes May, and we're off to the races again. (May 1, 2010) April 2010: We’re Glad It’s Over. April saw gold up nearly 5%, Greek bonds greased, Goldman Sachs under attacks, Iceland in the news again (that’s never good), an oil slick the size of Vermont spreading in the Gulf of Mexico, and Arizona taking a stab at the immigration situation. (April 6, 2010) Transmission Failure, Blackout, Car Crash. The Commodity Futures Trading Commission’s March 25th “Public Meeting to Examine Futures and Options Trading in the Metals Markets” had something to offer everyone - conspiracies, drama, real facts, and spontaneous comedy. (March 30, 2010) Gold: Supply Up, Demand Down, Market Thriving.Gold bullion demand in the US has tapered off in the past few months, and the good news for buyers is that premiums are dropping and the days of product shortages seem long behind us. So, is there a Santa Claus? (March 15, 2010) Spring, Swallows, Eagles, Hours.Like the swallows of Capistrano, shiny new 2010- model silver Eagles have been sighted, perhaps a harbinger of spring – or at least the end of a dismal February. The Ides of March are upon us, the time of saving daylight has begun, and spring training has sprung. (March 9, 2010) Chasing those ElusiveTungsten-filled Gold Bar. Everybody loves a good fraud story, and rumors of “gold bars actually filled with tungsten” have spread like a virus over over the past few months. As we've said here before, there's a lot of information on the Internet - and some of it's actually true. (February 16, 2010 )Moving the Metal Again.Having swept President's Day aside, we are now back in action in the bullion markets. As the Northeast and Midwest get over last week's snowstorm (one that shut the Mint at West Point for most of the week) gold surges over $1100 again as all the precious metals pick up the pace. (February 9, 2010) Kiplinger’s Lays a Not-so-golden Egg. The February 2010 edition of Kiplinger’s Personal Finance Magazine featured an article, “Make a Buck off a Sagging Dollar.” Unfortunately, the accompanying full-page color photo, supposedly of a gold bar, is a fake. (January 18, 2010) Back in the Saddle.We now have the 2010 gold Pandas in stock in the various sizes, and this week we will be expanding our lineup of various sizes (from the kilogram on down to the twentieth-ounce) in the 2010 gold Tiger coins, the third issue in Lunar Series II from the Perth Mint in Australia. (January 4, 2010) 2010 Where Do We Go From Here?The decade just ended saw gold progress from total obscurity ($282.05 on 1/4/00) to fame (four-figure prices every day since October 2009). During that decade, its price almost quadrupled in US dollars, as the US (and much else of the world) went from national surpluses to staggering deficits. Yet gold's 2009 close at $1095 was some 10% off its record high for the year. Does that mean anything?
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