Host Stuart Varney points out that gold prices fell more than 30% in 2013. Varney predicts that investors are looking ahead for answers when it comes to gold in 2014.
Why gold is up today: Gold prices on Tuesday morning staged the biggest advance since mid-October. Gold prices ended Tuesday's session sharply higher, hitting a three-week high. February gold gained $28, or 1.5%, at $1,262.20 an ounce. Spot gold added $22.70 to reach $1,263.50 an ounce.
On December 23rd, the Federal Reserve will turn 100 years old.
We can look back on its few successes... but its many failures far outweigh any positives it may have achieved.
What's at stake now is the Fed's future. And it looks bleak.
It's been another painful week for the precious metal amid what's been one tough year for gold bulls.
Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer.
Ever since humans realized the intrinsic value of gold, we've constantly searched for - and perfected - ways to find more.
From early methods like panning and trenching, to lode prospectors hunting for rock outcrops and veins, to the invention of drill bits...
In modern times, we use increasingly sophisticated tools and techniques, such as seismic sensors, magnetometry, and gravimetrics to help locate potential gold deposits.
But, after thousands of years of digging for gold, the low-hanging fruit's already been picked. Most remaining deposits are becoming increasingly difficult to find, and increasingly low grade.
Now, a surprising, brand-new gold prospecting tool may be in the offing - one that's far less technologically demanding, and much less invasive.
It seems nature itself has found a way to extract gold from the ground.
Demand for gold in China is skyrocketing. Thanks to an enriched and growing middle class, China's gold consumption will reach a record 1,000 tons this year - up a whopping 29% year over year. At this pace, China will soon surpass India as the world's biggest buyer of the yellow metal.
“You never let a serious crisis go to waste… It’s an opportunity to do things you could not do before.” –Rahm Emanuel
The once unthinkable is quickly becoming probable.
At some point in the next few years, your assets could well become the target of a “Supertax” as high as 17%.
Last week, we talked about the need to buy “out of print” assets to protect our wealth from brazen government seizures.
I explained that quantitative easing (QE) was likely to get bigger, not smaller, and that you needed to become your own central bank.
The truth is, the writing’s already on the wall. We’ve seen it happen.
Cyprus’s “bail-in” cost numerous bank depositors more than 47% of their capital.
Poland’s “pension reform” saw private pensions raided to help lower the government’s debt-to-GDP ratio.
And Spain plundered its Social Security Reserve Fund to keep buying its own risky debt, when no one else would.
Dangerous precedents are being set, with chilling regularity.
More than ever, you need to be prepared…
We all know that, so long as the Fed keeps the printing presses on, the risk of a worldwide currency crisis gets even higher.
Gold, of course, is the timeless hedge here - for all the reasons you and I know.
But are we truly prepared for a currency crisis?
Much of the gold in the United States is owned by big institutions: the Treasury, the Federal Reserve, and bullion banks. So, if a currency crisis hits, their 8,900-ton hoard won't do us a bit of good.
But there is one country whose "democratic" approach to gold ownership will allow its people to survive a currency crisis, literally, in fine style.
Not only that, but this country's people are giving their government a whopping black eye for its heavy-handed ways in the process.
Inflation and crisis – of which we’ve had plenty – historically drive gold prices up, and yet the London spot price has fallen 24% since Jan. 2. Like the infamous honey badger, gold prices just don’t care. But the reasons for gold’s continued fall, in spite of the apparent decay of the world, just might surprise you.
From the Editor: We've been tracking this threat for years, ever since Keith Fitz-Gerald brought it to your attention back in January 2010. Today, Resources Specialist Peter Krauth weighs in on some recent developments in this story, because three of the commodities he covers can protect you. The Fed can't print these things... Here's Peter:
Central banks may have foolish policies, but central bankers are no dummies.
They know exactly what they're doing. They even comprehend a few of the implications, too.
Which is why it's interesting that some American central bankers have suggested doing away with the debt ceiling altogether.
Famed investor Marc Faber recently said, "The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion], $200 [billion], a trillion dollars a month."
Faber expects the Fed's current QE4 to become "QE4-ever."
That could mean years of money printing and ultra-low rates.
Even bond king Bill Gross recently chimed in his latest monthly outlook that "The United States (and global economy) may have to get used to financially repressive - and therefore low policy rates - for decades to come."
Either way, don't depend on the Fed to save you. You can save yourself
Gold prices today continue to bounce up and down based on speculative headlines.
Thanks to the crisis in Syria, gold prices have had a nice run lately. But now, with Wall Street in the middle of another "hate gold" campaign, is it time to buy or sell the yellow metal? This is what some of the world's top investors are doing...
Today the gold price seems to be taking a break from its recent run-up, but not before briefly pushing past the psychologically important $1,400 level.
Following a 1.8% surge on Friday, gold prices hit $1,407 in trading in Asia early this morning (Monday) and then pulled back to $1,390 before settling at about $1,395 an ounce.
We've been recommending gold shares for months now, ever since prices collapsed in April. But timing's getting critical, because now the market is telling you gold is set to surge...
The first piece of evidence hit my radar on August 1st, moments after Barrick Gold released its $8.7 billion "news." (More on that in a minute.)
The Commitment of Traders report - perhaps the best leading indicator for gold prices - delivered the second piece of evidence: a staggering 70% spike in "red flag" futures trading. And the third and fourth pieces of evidence just arrived.
But before we look at each of these events in detail, here's what you need to know:
Any one of these indicators is bullish on its own. So when all four signals flash at once, please don't wait.
A "Gold Convergence" like this hasn't happened in 12 years...
Gold prices today are still below $1,300 an ounce as traders in the United States and Europe continue to sell the precious metal.
Western investors were the main driving force behind redemptions of nearly $19 billion in gold-backed ETFs in the second quarter of 2013.