The Gold Insider

Geithner’s Plan Causes Gold Rally – Video

Rob K. Blake — Fri, 13 Feb 2009 16:01:14 +0000

US Treasury Secretary Tim Geithner Tuesday announced his plans to help banks rid themselves of their toxic assets and restore stability to the banking system. He was “rewarded” with a stock market sell off as investors decided their money was better off invested in Treasury bonds and precious metals.

Gold Rally On Bailout News

Investors are smarter than politicians and central banker stooges and we see this demonstrated again today with the rally in the price of gold.

As stock…

Silver Price Up 11 Percent In January

Rob K. Blake — Mon, 02 Feb 2009 23:11:25 +0000

Silver prices rose 11% for January outperforming gold in the precious metals sector. Usually gold is the leader with silver following close behind.

Silver price volatility compared to gold is a given as well. This means big swings to both the high and low side make owning silver more of a roller coaster ride.

Silver is trading above the 200 day Moving Average line at $12.18, and has had a rising profile setting higher lows and higher highs since its…

Stimulus Spending Allows Gold Price To Go Over $900

Rob K. Blake — Sat, 31 Jan 2009 04:35:06 +0000

The news of the House passing the Obama $825 Billion Stimulus Package sent the price of gold over $900 an ounce. This seems to be the trend lately…each month a new higher trading range for gold prices.

Government Spending Driving Inflation Fears

In a Bloomberg article market watchers confirm inflation fears,

“Central banks are going to start printing money and it’s not an ideal place for investors to be,” said Joel Crane, a metals strategist at Deutsche Bank AG

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Geithner Boosts Gold Prices

Rob K. Blake — Sun, 25 Jan 2009 05:39:02 +0000

Don’t get me wrong, I hate Obama’s choice for Treasury Secretary in Tim Geithner, but it really helps gold prices. Geithner as Treasury Chief has had a boosting affect back when his name was first floated and again this week as his confirmation was pretty clear.

Gold Price Milestones and Tim Geithner

Back on November 21, 2008 when Obama announced his choice, Bob Pisani made note of the Geithner effect saying,

“Particularly strong throughout the day were gold stocks,

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Mutual Fund Manager Charlie Dreifus Says No To Gold (Video)

Rob K. Blake — Thu, 22 Jan 2009 21:09:23 +0000

Fund Manager Charlie Dreifus interviewed on Bloomberg shares his view of gold as an investment class. Charlie Dreifus was noted as the Fund Manager of the Year…so he’s no slouch. He discusses his “method” for picking good investments. Surprisingly, gold is missing.

He touches on NOT picking a mutual fund only by yield. He say chasing yield can end up putting you in some of the riskiest companies.

Charlie Dreifus No On Gold

The interviewer then ask if Mr. Driefus…

Precious Metals Investments Better Than US Treasuries

Rob K. Blake — Tue, 13 Jan 2009 22:10:50 +0000

I wanted to point out even though it may be obvious, with the recent drop in Treasury yields at all maturities, gold is a much better investment choice. Many conservative investors are more concerned with the return OF their principal rather than the return ON their principal, so I thought I’d compare two “safe” investments to show why you should consider a precious metals investment…specifically gold…instead of the typical “safe” US Treasury Bonds.

Investing in Gold Vs. Treasury Bonds

Let’s…

Historical Gold Price – 1833 To Present

Rob K. Blake — Sat, 20 Dec 2008 19:59:53 +0000

The historical gold price really did not change until President Nixon took the US currency off the gold standard completely in 1975. Every year since the price of gold has fluctuated dramatically compared to the hundreds of years of stability prior.

The gold price chart below shows going back to 1833 and coming forward to the present, the price of gold as an average for the year. I will maintain this chart moving forward adding the average spot gold price…

US Dollar Inflation Shown In Gold Price Increase – Video

Rob K. Blake — Sat, 20 Dec 2008 19:12:15 +0000

I have often used the common tale of the “good suit” to explain the price of gold and it’s steady increase is really the story of US dollar devaluation…or what economists called inflation. I have now found a video that does a better job.

US Dollars Inflation Explained

The “good suit” story goes like this:

The cost of a good suit in 1920 was $20, about the same as an ounce of gold. Today, the cost of a good

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I.O.U.S.A. Documentary – US Headed For Financial Tsunami – Video

Rob K. Blake — Wed, 17 Dec 2008 19:12:54 +0000

I found and included a 30 minute video clip of the David M. Walker documentary I.O.U.S.A. as a fiscal “wake-up call” to the American people, but also to illustrate exactly why I believe precious metals are a wise investment.

I.O.U.S.A. Documentary Alarming

This documentary is alarming at best and downright frightening at worst. This film dissects the history of US government spending, rising National debt figures and puts everything into a thoughtful order to show the viewer “the problem”.

For…

Gold Mining Giant Rio Tinto Trims Jobs – Video

Rob K. Blake — Thu, 11 Dec 2008 04:51:07 +0000

Rio Tinto (NYSE: RTP), gold mining giant, announced the slashing of 14,000 jobs and the reduction of $2.5 billion in operating expenses. The layoffs are reported to save the company $1.2 billion dollars a year. This report comes on the heels of the failed buyout attempt by BHP Billiton.

Rio Tinto Layoffs

MarketWatch.com reports the CEO, Tom Albanese quoted as saying,

“Given the difficult and uncertain economic conditions, and the unprecedented rate of deterioration of our markets, our imperative is

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