Post tagged with gold

  • Will gold keep rising against major currencies?

    March 10th, 201001:57 PM ET
    By Joseph Slife
    The answer, of course, is "no one knows." But the prospects for gold seem good - or, put another way, the prospects for currencies appear to be not-so good. Reporter Tom Sullivan offers details in Barron's. The dollar is not as good as gold. Neither are 22 other currencies. A recent study by GoldMoney.com, which enables online cross-border trans...

  • Tax implications of owning gold

    December 04th, 200910:04 AM ET
    By Mark Biller
    As you might expect, there's very little that's straight-forward about the tax treatment of gold and other precious metals. (For the rest of this post, when I say gold, you can assume the same is true for silver and other precious metals.) First of all, the IRS' perspective regarding owning physical gold, or any type of ETF backed by physical ...

  • Where does gold go from here?

    November 09th, 200901:53 PM ET
    By Mark Biller
    It took many SMI readers by surprise when we started writing positively about gold in our May cover article, then came right out and suggested buying it in August. Some believed it was too late to buy at that point, having seen gold rally from roughly $250 at the beginning of the decade all the way to nearly $900 at that time. Now, with gold u...

  • When a 5,300% gain = a catastrophic loss

    October 21st, 200902:16 PM ET
    By Joseph Slife
    Financial commentator Jonathan Hoenig, writing at SmartMoney.com, tells a sad (and recent) tale of how runaway inflation can destroy the value of earnings. From May through October of 2008, Zimbabwean stocks skyrocketed, shooting from 72,000 to almost 400,000 by early November as measured by the S&P/International Finance Zimbabwe Index. Fo...

  • Gold sets new highs

    October 07th, 200911:44 AM ET
    By Mark Biller
    Gold soared to an all-time high of $1,045/oz yesterday, sparked by a couple of news items this morning. Both illustrate the point we've been making in recent months that the rationale for investing in gold stems from what is happening (and likely going to happen) to the dollar. One of the news items that sparked gold's rise was a report in the U.K...

  • September is here — should we be nervous?

    September 03rd, 200907:48 AM ET
    By Mark Biller
    We're barely into September, but already two mutually-reinforcing things have happened: A plethora of "September is the worst month for the market" news items have been generated; and The market took a dive on the first day of the month, as if to announce its arrival! Here's the background: September does in fact have a well-earned reput...
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