How To Invest In Gold Now – Buying And Selling Gold, Coins, Bars, Shares, Mining, ETFs

With the U.S. markets closed for the Martin Luther King Day holiday, this Monday stock markets around the world got the jitters after (perceived)? bad news on Friday and dropped their … well, their prices.

Everyone is unsure if the U.S. really is going to go into recession and just what that means for them.

Unusually, this was not reflected in an equal and opposite move upwards in the price of gold.

According to the Kitco live trading chart I mentioned a few posts back, the spot gold price ended the day in London at $866.00, having “stood at $868.60/869.80 (U.S.) per troy ounce by 11:56 (GMT), compared with $881.90/882.60 in New York quoted late in New York on Friday”, as Canada’s “Globe and Mail” points out.

In this regard, the “Globe and Mail” says in a report today that “Dealers said that gold’s fall from the record highs was partly driven by investors and funds seeking to cover margin calls from losses in stock markets due to the recession fears.”

To put things in perspective, the paper precedes this with a quote from James Moore of TheBullionDesk. com:

“Commodities opened the year spectacularly, it’s only natural really that we see some profit-taking as the gold market was very long. The currencies have been the main factor this morning,” analyst James Moore of TheBullionDesk.com said.

“We’re seeing a period of consolidation. I don’t see this as a reason for panic, given that there are concerns about the U.S. economy and the potential for recession plus the fact that interest rates there are expected to be cut,” he added.

A couple of days ago in a post we had some comments of analysts on what gold was doing and what investors in gold – whether in the precious metal itself in the form of gold bars, gold coins or gold jewelry, or else in gold stocks and shares or alternatively gold ETFs – should or should not be doing right now.

As was pointed out, sometimes the question is really, are the analysts giving it to us like it is, or do they have some other agenda.

In this regard I came across an interesting downloadable audiobook on gold called “Gold, Hard Money, and Financial Gurus”.

As the synopsis says, after covering the question “To what degree should investors seek security in gold, or in other kinds of hard money”, in the second part of the presentation the audiobook discusses “the financial writers and gurus whose analysis and comments reflect, and sometimes influence, the world of finance and economics.”

“Gold, Hard Money, and Financial Gurus” is one of a series of 12 called “Secrets of the Great Investors” – if you type that into the search box on the page as I did – without the “quotes” – you get an overview of the whole series.

If you do a lot of commuting by car, train, subway or whatever you might find this an interesting way of filling in the time, or you can just listen on your computer straight after downloading. Silence may be golden, but good information is worth it’s weight in gold!