Superior Gold Group » gold price

Greek default could have worldwide ripple effect

samuel maxwell — Thu, 18 Mar 2010 03:32:18 +0000

Tuesday, March 16, 2010
Dealer gold may be an attractive investment in light of sovereign debt worries around the world.
- By John March
The world financial community is considered likely to take at least some action in the coming weeks to bail out the Greece economy because of the impact a default could end up having.

Greece has been dealing with a financial crisis brought on by a deficit larger than its official had previously acknowledged, and which has undermined economic confidence throughout the European Union. A handful of other EU states have also been experiencing serious debt problems, which has invited speculation about the state of financial affairs in the United States, especially in regard to the deficit.
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Gold momentum enjoys a strong week

samuel maxwell — Tue, 16 Feb 2010 06:53:08 +0000

- By Bruce Sands
Commodities, including gold, had a good week in part because of growing economic optimism in various countries around the world.

A report by Bloomberg cited positive economic signals in Australia and China as fueling gains in industrial metals including copper, while concerns about sovereign debt problems in Europe were further fueling the momentum for investing in gold coins and similar options.

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Investing in gold coins could be one option for sluggish economy

samuel maxwell — Mon, 25 Jan 2010 17:40:11 +0000

A general consensus has emerged that the recession has ended and that the economy is poised for a recovery. However, the strength of that recovery is open to considerable questioning.

Right now, the nation’s unemployment rate stands at 10 percent, and many economists expect that this figure will remain the same throughout 2010 and possibly into next year. This could have a negative impact on things like foreclosures and credit card delinquencies, further undermining the economy.
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Gold price may offer fresh investment opportunity

samuel maxwell — Mon, 25 Jan 2010 17:34:34 +0000

Now may be the time to consider investing in gold coins and other precious metals in light of a short-term rally in the dollar that has brought prices back to the point they were at two weeks ago.

A Wednesday report from Reuters said that gold stood at about $1,112 per ounce, falling 2 percent, in light of a strong rally by the dollar. The wire service noted that the Euro is showing weakness against the dollar due to concern about a potentially looming debt crisis in Greece.

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