CRISIS INVESTING Gold is the currency of choice in times of crisis. Whether it is called a “flight to quality” or a “flight to safety,” gold is the world’s money of choice in times of trouble. That’s because of its superior qualities as money, qualities that have outlasted every conceivable type of government and countless […]
The gold price spiked after a close, but brief, encounter with reality on Tuesday. From a low of $1192, gold surged to a high of $1212, before coming to a close at $1207. The price of silver popped, too, knocking on the door of $15 an ounce before closing at $14.69. As always, the question […]
TEN YEARS AGO: The Financial Crisis of 2008 As the week began, gold continued to trade in the $1200 range; silver’s trading neighborhood so far in September remains just over $14.00. Ten years ago this week the Panic of 2008 was picking up steam. It turned out to be the biggest financial calamity since the […]