Welcome to Gold Investor Monday, November 30 2015 @ 06:32 AM EST

Hunting for treasures in the oceans

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  • Wednesday, November 18 2015 @ 11:25 AM EST
  • Views: 42
Other The oceans of the world hold untold amounts of gold, silver and other riches. Brad Baker, chairman of the publicly traded Odyssey Marine Exploration talks about how his company looks for buried treasures in the oceans. More specifically, we learn more about their operation off the Irish coast to recover the WW2 silver from the SS Gairsoppa that was being sent from India to Great Britain.

One warning as you watch this video. Mr Baker does use a good chunk of this Ted talk to "talk his book" and build up some PR for his company. Can we and do we want to mine the oceans? And is it really environmentally friendly as he would have you believe? This does seem to be becoming the next frontier for mining gold, silver, copper and other materials.

Is Gold Always a Good Investment?

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  • Tuesday, September 29 2015 @ 09:27 AM EDT
  • Views: 169
Other Gold has been always considered a universal currency and played vital role in economy of nations during ancient times. It was earlier considered as a good source for long-term investment and also good addition to user’s investment portfolio. But Gold doesn’t always glitter and with strong dollar values, it has lost its attraction among investors. Since Gold is priced based on US dollars, the yellow metal comes down in value if the USD rises.

Due to revival of US economy and surging interest rates, Gold is not considered as a good form of investment as the money spent in purchasing bullions will not yield any returns. Instead investors look out to invest in stocks with higher dividends, treasury bills or alternate mode of investment like binary options. Gold can be considered as a way to diversify your investment portfolio but it does not yield any earnings or dividend like traditional bonds and stocks. Investing in spot gold or purchasing bullions can only yield returns when people are ready to buy it back at higher cost. But with declining gold value, people are not ready to purchase gold and whoever has invested in it heavily by purchasing Gold at higher price is only suffering now in today’s market conditions. You can gain from a declining gold value by trading binary options which is one of the safest methods of investment which guarantees very high returns on investment.

Gold, a safe haven from the time of Jesus till now

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  • Tuesday, September 15 2015 @ 10:06 AM EDT
  • Views: 193
Gold Does a unit of gold still buy the same amount of bread today as it did 2000 years ago during the time of Jesus? This is a good interview from Bloomberg for a non-paper/financial instrument perspective on gold. In it, Petropavlovsk Chairman and Co-Founder Peter Hambro brings some much needed wisdom to the financial press by differentiating between the much speculated paper price of gold versus the demand, supply and price dynamics of the actual physical metal.

Spiritual perspective on the value of gold (or anything else)

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  • Wednesday, September 02 2015 @ 01:14 PM EDT
  • Views: 154
Gold "To the illumined man or woman, a clod of dirt, a stone, and gold are the same."
Bhagavad Gita

This verse from the ancient Hindu holy text came to my attention when reading through Eknath Easwaran's excellent book, Words to Live By. We look at the prices of gold, silver, stocks, bonds, etc. on a daily basis but sometimes it is nice to put things into a higher perspective. Here is now Mr. Easwaran further elaborated on this quote from the Bhagavad Gita:

"Gold is not valuable in itself. It is valuable because there is so little of it. If sand were found only in small quantities, people would treasure it in their safe-deposit boxes, they would buy sand certificates, on important occasions they would exchange a little sand, and they would have the expression "as good as sand".

Things cannot give us status. We give status to things. When Tom gets into his BMW, he is giving status to the car. The car is not giving him status. The car says, "I feel good because Tom is at the wheel."

Chinese gold reserves spike 57%

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  • Friday, July 17 2015 @ 09:59 AM EDT
  • Views: 239
Gold In what is at the very least a stunning move, the Peoples Bank of China (PBOC) has announced that the country's official gold reserves increase by 57% between May and June 2015. Any suggestion that this 604 metric ton increase in gold holdings took place in one month would be preposterous but the Chinese Central Bank had been keeping its monthly gold data fixed since 2009. The Chinese stock markets have been through a tumultuous time with a huge spike and fall within this calendar year. The fact that China would reveal these increased gold holdings could be a sign that they wish to stem some of the eroding confidence that has resulted from their (draconian) financial measures to counter the stock market bubble.

Many gold analysts believe that the Chinese gold holdings are much higher as (unofficially) they have been big buyers of physical gold since the last financial crisis. This updated number of 1,658 tons (53.32 million ounces) is still nothing compared to their $3.69 trillion foreign reserve holdings. When and how the Chinese decide to let the world know about their actual gold holdings, will depend on their own broader geopolitical plans.

Gold and silver market rigging back in the news

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  • Monday, June 01 2015 @ 11:25 AM EDT
  • Views: 300
Gold The United States Justice Department granted UBS immunity after fining it a total of about $545 million dollars and getting a promise of co-operation. Other banks also agreed to settle for FOREX manipulation but UBS apparently agreed to "to help investigators examine whether there was “manipulation of, or fraud in” precious metals markets."

In this interview, Bill Murphy of GATA, who has been a long time vocal protestor of market manipulation of gold and silver, provides his take on what this means and how this situation could impact the gold and silver market (and its prices).

Hyperinflation: Is it just around the corner?

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  • Tuesday, May 12 2015 @ 03:07 PM EDT
  • Views: 287
Gold The prospect of inflation getting out of control in a zero interest rate, money printing, Central Bank heavy environment has long been a given amongst many commentators and experts. This has translated into increased values of bonds, the stock markets, real estate and art (as a Picaso fetched $160 million at auction yesterday).

Yesterday Greg Hunter interviewed John Williams of Shadowstats.com and Williams, is still of the view that all the economic numbers released by the US government are much worse than stated as the methodologies have been changed over the years to make them appear better. He is a big inflation / hyperinflation guy so in his view, hyperinflation is (again) just around the corner.

Passing the love of gold prospecting to the next generation

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  • Monday, March 30 2015 @ 03:02 PM EDT
  • Views: 442
Gold Over a century ago, the "American West" was flooded by gold prospectors and small mining companies as the prospect of striking it rich drove a boom in the search for gold, silver and other metals. As mining became a substantial industry and started applying large scale industrial technology, the prospectors continued their craft though with slowing popularity. Who wouldn't be enamored with the possibility of panning at their local mountain stream and coming across a nice nugget of gold? The increase in gold and silver prices in the 2000s may have re-ignited this American love affair and it still continues, as seen at this year's Gold and Treasure show held in Portland, Oregon. The outdoor aspect of panning for gold or running metal detectors over tracks of land are being used as an indirect benefit to get young people and families into the outdoors. The Oregonian reports:

"Prospectors young and old, new and seasoned, said they were enticed by the appeal of a wholesome activity that gets them into the great outdoors, even if just to get away from the routine of a sedentary life. "It's an opportunity to get off the couch and enjoy the beauty of the outdoors," said Gary Upton, 73, of Portland, "None of us is interested in doing anything destructive in nature. We just want to get away from doing nothing."

Tough times for Barrick gold

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  • Wednesday, February 25 2015 @ 01:01 PM EST
  • Views: 434
Gold Barrick gold has been through an interesting few decades. Mergers and acquisitions aside, it has been the darling of the gold stock investor with its old hedging program; accused to manipulating the gold price through said hedges; and a loser when the price of gold started a long sustained move up from 2002-2012. And now it finds itself in another lower gold price environment with high debt, likely declining gold output, dividend cut and lower stock price. While most gold miners have suffered from this lower and stagnated price of the precious metal, Barrick seems to have been hit especially hard. Barrick believes that it can maintain a run rate of six million ounces a year for the next couple of years but some analysts see gold mining production falling to the 4 million ounces per year handle. The Toronto Star reports that the company is now shedding non-core mines and drastically cutting corporate staff in order to trim on its high debt load and start increasing margins.

"Barrick Gold Corp. chairman John Thornton’s message to Bay Street came through loud and clear: he wants to take the world’s largest gold producer back to its roots as a smaller company with fewer mines and micro-managers and hopefully return it to profitability."

Columbia's illegal gold mining crisis

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  • Wednesday, February 11 2015 @ 04:53 PM EST
  • Views: 504
Gold The properties that make gold a much sought after investment are also to blame for the heights people will go through to get gold out of the ground by whatever means necessary. This ignores the human and environmental plight that is often caused by such illegal gold mining. Last year we looked at the environmental disaster in Peru and today we learn about similar problems compounded by huge human suffering that is occurring in another Latin American country - Colombia. The many Colombian rebel groups and gangs are giving up on drugs as a funding source for their causes and are switching to mining for precious metals like gold. The country is rich in natural resources and now old abandoned mines, small production mines and areas surrounding them are attracting droves of these criminal elements. Bloomberg reports that:

"Long known for the cocaine trade and kidnappings, Colombian rebel groups and criminal gangs have turned from drug sales to illegal gold mines to fund their activities. Those mines are increasingly responsible for driving people out of their homes. Colombia has the second-largest number of displaced persons worldwide, just behind Syria, according to the United Nations."
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