Home
Gold Stock News
Gold Stock Commentary
Gold Stock Information
Sitemap
Home > Gold Stock News
GOLDLIVE.NET provides you with gold prices, gold stock news, and gold stock information.
Gold Stock News From the Day of July 24, 2009
Gold in a Troubled Economy
This article notes the history of the gold price and details how gold prices have historically reacted during economic turmoil.
Gold is quite unique in that its history during the Great Depression was unexpected by most. While gold prices were fixed, gold stock prices went through the roof. In an unbelievable manner, companies such as Homestake Mining experienced rapid gains (www.goldalert.com). Homestake experienced gains of more than 400% in a short period. What does this tell us?
Since the U.S. dollar is not backed by gold, we can expect to see gold prices spike in the near future. Even most quantitative analysis agree with this qualitative viewpoint. I would suggest buying gold stocks that have low risk and holding onto them for the short-term, at least. To check risks, you should go to GoldAlert and use their portfolio analyzer. They will be able to give you the real-time gold price and compare that to gold stocks in the news.