Price of Gold at All Time High
The price of gold reached an all time high in US Dollar terms in late electronic trading yesterday. Gold has continued higher this morning and is currently trading at $1,239 per ounce.
The previous all time high for gold was $1,226.10, reached in December 2009.
Gold had finished 2009 with a price of $1,087.50. This means that [...]
Examining the Gold ETFs, Gold Reaches New Highs
With gold continuing its run, there’s been plenty of gold appearances in the mainstream press. But the more interesting discussions usually happen elsewhere. Here’s a few noteworthy blog posts and articles related to gold.
One thousand tonnes in the trust!
The SPDR Gold Shares ETF continued its rapid inventory growth and surpassed one thousand tonnes this week. [...]
Perth Mint Suspends Gold Sales
Another major Mint has succumbed to the unrelenting demand for physical precious metals. Today the Perth Mint announced that they will be forced to cease taking orders until January.
Although the Perth Mint is based in Australia, they do approximately 80% of their business outside of Australia in North America, Europe, and Asia. Demand for their [...]
