http://www.goldandtreasure.us/index.php/tools/blocks/blog_posts/rss?bID=98&cID=89&arHandle=Main Most recent posts from Blogs feeds http://www.goldandtreasure.us/index.php/precious-metal-news/credit-downgrade-and-gold-prices/ How would a downgrade in America’s credit rating affect gold prices? The sharp rise in the price of gold this week is probably a good indicator. Gold was trading at about $1585 per ounce Friday morning, and had rocketed to a new high above $1625 per ounce this morning Wednesday July 27th. Perhaps more indicative is that gold was trading around $1485 per ounce just 27 short days ago on July 1st. The US House of Representatives and the US Senate are both trying to hash out deals that would raise the debt limit and decrease spending, but many analysts are now saying that it’s too little too late, and that a credit rating downgrade from AAA to at best AA is virtually inevitable. Let’s hope that the experts are wrong on this one and our lawmakers can somehow prevent a default on America’s debt and/or a downgrade in our credit rating. America’s credit rating has never been downgraded, and the consequences would be far reaching. Gold Prospectors like to see high gold prices, but not because our country’s economy and credit worthiness is going down the drain. Wed, 27 Jul 2011 14:43:00 EDT http://www.goldandtreasure.us/index.php/precious-metal-news/governments-hoarding-gold-and-silver/ Governments all over the world continue to quietly acquire very large quantities of gold and silver. China, Russia, India, Saudi Arabia, Kuwait, and Mexico have been among the largest purchasers of precious metals lately; in fact, Mexico alone has added over 90 tonnes ( 1 metric tonne = 1000 Kilograms) of gold to their stockpile in the first quarter of 2011. It’s pretty evident that these governments are attempting to protect themselves from potential increased inflation, devaluation of paper currencies, growing debt, and are diversifying their assets. Perhaps we individual investors and/or prospectors should be doing the same, albeit on a much smaller scale. Fri, 27 May 2011 20:46:31 EDT http://www.goldandtreasure.us/index.php/precious-metal-news/can-silver-hit-50-per-ounce/ Silver has experienced an incredible run lately, and analysts opinions are mixed on whether or not the $50 an ounce barrier can be broken. It's my opinion that silver can and will surpass $50 per ounce, and soon. Precious metals in general have strong upward pressure due in part to extremely high demand for physical investments, worries over inflation and the economy in general, and a weakening dollar. Gold staying above its recent $1500 per ounce break also bodes well for a continued rise in silver prices. The importance of the $50 mark for silver can't be overstated - it would be a new all-time high and is a critical psychological point. Is silver near its top or are we about to witness a mega-rally? Only time will tell, but it wouldn't hurt to invest in some junk grade silver coins either way. Wed, 27 Apr 2011 09:45:00 EDT http://www.goldandtreasure.us/index.php/precious-metal-news/gold-surpasses-1500/ Gold has soared past the important psychological $1500 an ounce barrier, and the yellow metal is up over 7 percent so far this year. Analysts have partly contributed the continued rise in gold to rising inflation, increasing oil prices, and to the recent pessimistic assessment of the United States credit rating by the S and P. Gold broke the $1000 an ounce barrier in early 2008. Thu, 21 Apr 2011 17:08:00 EDT