Gold Prices GLD ETF Weekly

Bookmark this page for your real time Gold Price Chart Weekly Gold Prices GLD ETF We show you the weekly prices to hopefully keep you from emotional reaction and short term trading. Keep the long view in mind with Gold. If you believe that gold rises because it is an ultimate store of value and that the debasing of paper money is the favorable force for gold prices, know that the devaluation of paper money is alive and well. Democratic governments, which allow politicians to do what is favorable today by mortgaging the future, will always have incentive to spend [...]

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Posted by bobrichards - March 21, 2012 at 12:19 am

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Interest Rates and Gold 200 Day Intervals

Thanks to freestockcharts.com, they have a neat tool that permits you to make a chart and then scroll along over time looking at 200-day intervals. So I created a chart of the Gold ETF “GLD” (a good proxy for the price of gold) and the yield on the 2-year treasury and took three snap shots. The first graphic below shows an almost perfect correlation between the price of gold and rates. Just opposite of what everyone says–that gold prices go up when interest rates decline. Not in this chart. During this next 200-day period, we see what the experts [...]

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Posted by bobrichards - January 19, 2012 at 12:19 am

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Ways to Invest in Gold

1. Buy Gold Bullion. The big disadvantage to invest in gold in physical form is that you need to take possession (or pay to have it stored). Taking possession of a 100 oz gold bar is simply impractical. I assume that’s why some investors like gold coins – they can be stored anywhere and are easily transported, although not in bulk. These physical ownership options for gold are typically used by those who believe the world is coming to an end and nothing other than having gold in your possession will be any good. Another disadvantage is that when you [...]

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Posted by bobrichards - January 13, 2012 at 8:10 pm

Categories: Uncategorized Tags: invest in gold, investing in gold, to invest in gold

Real Interest Rates and Gold

Some might have an issue with an earlier post that shows the relationship between nominal interest rates and gold. So here is a chart showing real interest rates and gold. The blue line is real interest rates and the red is the price of gold. As hard as I look at that, for just the 10 years shown, I cannot see a consistent relationship as some years rates were falling and gold was rising. Other years, rates were rising and gold was rising. [...]

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Posted by bobrichards - January 12, 2012 at 8:17 pm

Categories: Uncategorized Tags: gold price, real interest rates, real interest rates and gold

The Relationship Between Interest Rates and Gold

This post will obliterate the conventional wisdom and hearsay about the relationship of interest rates and gold. Please understand that humans love to look for relationships that don’t change overtime because we hunger to predict. But it is very possible (in fact provable) that relationships between various financial indicators or commodities, such as interest rates and gold, are not constant. Sometimes, years may pass when interest rates and gold are positively correlated and then years may go by with negative or little correlation. Therefore, the relationships lose their predictive value. As an example, If you have been an investor for [...]

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Posted by bobrichards - January 11, 2012 at 8:08 pm

Categories: Uncategorized Tags: gold, interest rates