We educate first-time investors.
Low-key, professional guidance for safe haven investors.





Daily Gold Market Report
gold prices

Live London Gold News Wire
10 to 15 minutes old
www.usagold.com --LIVE NEWS--
Yamana Gold keeps investors guessing on Brio deal15:24
Financial Post
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
Why Disney, Dr. Reddy's Labs, and Barrick Gold Slumped Today14:43
Nasdaq - Global Markets
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Why Disney, Dr. Reddy's Labs, and Barrick Gold Slumped Today13:52
The Motley Fool
Yamana Gold Receives Average Recommendation of “Buy” from Brokerages (NYSE:AUY)13:43
Ticker Report - Banking
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Gold falls to six-year low13:32
Business News Americas - Metals
Gold price slips to near 6-year low, set for 6th straight weekly drop13:19
ArabNews - Economy
Gold price plummets to almost 6-year low13:09
CNN Money
Gold bonds scheme makes a less than glittering start12:59
The Financial Express - Commodities
Government's gold bond scheme a hit, gets 63,000 applications for gold worth 246 crore12:53
The Times of India - Policy
Where Is the Bottom for Gold ETFs?12:52
ETF Trends
Gold slumps to fresh 5-year lows12:51
Torex Gold Resources Given Consensus Recommendation of “Buy” by Analysts (TSE:TXG)12:43
Ticker Report - Banking
Gold Falls to a 6-Year Low, but Could Fall Another 25%12:43
Nasdaq - Global Markets
TSXV Biggest Percentage Decliners Mid-Afternoon: Lorne Park Capital Partners, Samco Gold, The Canadian Bioceutical12:43
Nasdaq - Global Markets
Gold Sinks to Fresh Five-Year Low on Stronger Dollar12:43
Nasdaq - Global Markets
Gold hits near 6-year low, set for another weekly drop12:40
The Economic Times - Commodities
LAWRIE WILLIAMS: Asian gold demand soars in 2015 yet price still falls12:31
Proactive Investors (USA & Canada)
Gold bonds mop up Rs 246 crore12:17
The Business Standard - Finance
Gold, silver turn lower on global cues, muted demand12:12
Gold Falls to a 6-Year Low, but Could Fall Another 25%12:11
The Motley Fool
Gold hits 6-year low11:50
Gold: Black Friday Sees Metal Hit Fresh Multi-Year Low11:44
FXstreet - Latest Analysis
Gold: Black Friday Sees Metal Hit Fresh Multi-Year Low11:40
City Index
Gold prices fell to their lowest level in more than five years11:38
Daily Sabah - Money
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Gold plunges to six-year lows, as dollar approaches yearly high11:13
Investing.com - Commodities
Gold falls to lowest level in 5 years11:01
Commodities Now
Black Friday Gold10:55
Investing.com - Commodities
Half of Gold Output May Not Be ‘Viable’ as Price Sags: Randgold10:52
Bloomberg - Gold
Gold falls to lowest level in 5 years10:48
FT.com - Commodities
Royal Gold, Inc USA) Expected to Announce Earnings of $0.23 Per Share (NASDAQ:RGLD)10:42
Ticker Report - Banking
‘Excellent response’ to Gold Bond Scheme10:40
The Hindu Business Line - News
FTSE mixed as gold hurts miners on 'Black Friday'10:16
CANADA STOCKS-TSX falls as gold and energy stocks slide10:02
Reuters - Canada Market Report
Gold at five-year low after sixth straight weekly fall10:00
Proactive Investors (UK)
Gold at five-year low after sixth straight weekly fall10:00
Proactive Investors (USA & Canada)
CANADA STOCKS-TSX falls as gold and energy stocks slide09:57
Reuters.co.uk - Markets - Canada
Zurich researchers create gold aerogel09:54
The Chemical Engineer
Update: How India's New Gold Schemes Are Hitting The Market09:49
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold at fie-year low after sixth straight weekly fall09:30
Proactive Investors (UK)
Gold at fie-year low after sixth straight weekly fall09:30
Proactive Investors (USA & Canada)
Forget gadgets...eBay users are snatching up gold09:29
CNBC.com - US
Detour Gold Receives “Outperform” Rating from National Bank Financial (DGC)09:21
Ticker Report - Banking
Is This The Gold Cartel's End Game?09:20
Gold mine operators eye site miles from closing mine09:14
The Washington Times - Business & Economy
Proactive news highlights: RexBionics, Stellar Diamonds, Galantas Gold, Amur Minerals and more...09:00
Proactive Investors (UK)
Government gets Rs 246 crore from gold bonds, tweaks monetisation scheme after slow response08:55
DNA India - Money
Gold slips to near six-year low08:52
Business Day - Markets
Canada Stocks Drop, Headed for Weekly Loss as Gold Price Slumps08:49
Bloomberg - Industries
Risers & Fallers: Patisserie Holdings, Orogen Gold, Zoopla and more...08:39
Proactive Investors (UK)
Investors Bailed On Gold Last Week08:38
Barron's Online - Funds

Gold Softens Within Range on Firm Dollar, Expectations of ECB Easing

by Peter A. Grant

November 25, AM
(from USAGOLD.com) --

Gold slipped modestly in early New York trading, but remains well within the confines of the recent range. The yellow metal was weighed by a firm dollar and some generally upbeat U.S. economic data that bolsters the case for a December rate hike.

U.S. durable goods orders rebounded more than expected in October, after declining in the two previous months. Initial jobless claims fell more than expected as well and personal income matched expectations. On the negative side of the ledger was a miss on spending and a negative revision to University of Michigan sentiment.

Based on Fed funds futures, the market still sees a 70% probability of a rate hike in December. With the dollar index continuing to probe above 100.00, near the highs for the year and levels not seen previously seen since 2003, tighter policy still seems terribly imprudent. That is especially true given mounting global debt, persistent deflationary pressures and rising expectations that the ECB will ease further in December.

In a piece published yesterday entitled What is money?, the ECB attempts to explain the "changing essence of money"; from something with actual value like a gold coin, to a banknote exchangeable for a certain amount of gold or silver, to the present state of "fiat money".

According to the ECB, fiat money "has no intrinsic value – the paper used for banknotes is in principle worthless – yet is still accepted in exchange for goods and services because people trust the central bank to keep the value of money stable over time.

Stable over time? Earlier this week, Mike posted a great chart that shows just how "stable" the purchasing power of the dollar has been since it was detached from gold in 1971. It has lost 83% of its purchasing power!


I couldn't find a corresponding chart for the single currency, but I would wager a 1999 euro doesn't go nearly as far today. It is the nature of fiat currency to be debased over time and that debasement has accelerated in recent years — following the path blazed by the BoJ, BoE and Fed — with the implementation of near-zero interest rate policy and QE.

Again from the ECB piece:
“Money-printing” is the colloquial term for the ECB’s asset purchase programme, a form of “quantitative easing”. . . In this process, the ECB does not actually print banknotes to pay for the assets but creates money electronically, which is credited to the seller or intermediary, e.g. a commercial bank. The seller can then use the additional liquidity to buy other assets or, in case of a commercial bank, extend credit to the real economy. The purchases contribute to improving monetary and financial conditions, making it cheaper for businesses and households to borrow so they can invest and spend more. — European Central Bank
Borrow more to spend more. Swell. And now the ECB is widely expected to debase the euro further come December.

As noted on our site, renowned author and publisher of the Dow Theory Letters Richard Russell passed away last weekend and the age of 91. Russell is a legend and he had some final thoughts on gold that are pertinent in the current world of fiat currency debasement:
“The end of capitalism will be due to the unbelievable amount of debt that is currently being created. This will create monster inflation that will destroy every currency. The only currency that cannot be destroyed is gold. When investors realize this, we’ll have the makings of the greatest bull market in gold ever seen.” — Richard Russell
I'd like to take this opportunity to wish all of our clients and friends a very happy Thanksgiving. Our offices will be closed Thursday, 26-Nov and Friday 27-Nov.

Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.


Follow USAGOLD economist Pete Grant on

Gold dealers index of gold coin images - popular investments

Great prices. Quick delivery. All the time.
Contemporary gold and silver bullion coins
Bullion-related historic gold coins
U.S. $20 gold pieces

Order Desk
Extension #100
6am to 6pm USMT weekdays.

Prefer e-mail to get started?

Coins & bullion since 1973

Ratings Matter!

Better Business Bureau Accreditation
since 1991
Zero complaints

USAGOLD is proud recipient of a Better Business Bureau Gold Star Certificate in consecutive years from 2006 through 2014 for having no complaints during the previous three years.


American Numismatic Association
(since 1975)
Industry Council for Tangible Assets
(since 1985)

USAGOLD website in continuous operation
since 1997

For the holidays this year
give the gift of Gold!

Coin & Bezel Pendant
(includes 18 inch 14-karat gold chain) Angel Pendant

Lucky Angel Pendant

To learn more or order online
Click here

Free Book
Offer good through November 30, 2015


' I believe that the gold and silver markets are at a watershed – a time comparable to the early 2000s just before gold launched its secular bull market. I also see the downside for gold as limited and the upside potential considerable. Even more importantly, I believe we have come to an important and dangerous crossroads for financial markets. A good many analysts are predicting a return, or resumption, of the 2007-2008 financial crisis, and within that group, some are predicting this iteration to be even more disastrous than the previous. Investors need to understand what's at stake and the vital role precious metals can play in their investment planning.'

Michael J. Kosares / Gold Eagle Interview
October, 2015

U.S. residents only


"Simply a superb 'how to' guide book for beginners in gold investing. As good as gold." Amazon reader review

"Now for the first time under one cover, novice investors will find thorough guidelines for making good decisions about private gold ownership. . .Highly recommended." – Midwest Book Review

"Whether you own some gold or are just toying with the idea, you must have this book." – Conservative Book Club


USAGOLD smartphone

Strike gold on your smartphone!

With USAGOLD's new
mobile market monitor.

We were among the first in the industry to offer a gold and silver live pricing page specifically designed for smartphones. It quickly became our highest volume web page. Now, with our newly introduced one-stop mobile portal, we are among the first to offer a complete mini-site purposely designed for smartphones.

News & Views
Forecasts, Commentary & Analysis on the Economy and Precious Metals

Over 20,000 subscribers.

Since the 1990s, gold owners have relied on News & Views for its insights, accuracy and in-depth analysis of the gold market. Its articles and special reports are linked and reprinted by a large number of websites both in the United States and around the globe.

Black Swans Yellow Gold

How gold performs during periods of deflation, chronic disinflation, runaway stagflation and hyperinflation

This in-depth study tells why many investors around the world view gold as the ideal portfolio inclusion for the times.

CLICK HERE for Immediate access.

Classic Gold Essays
Collected 1997 to present

Bulletin Board
Important site-user announcements

Friday November 27
website support: sitemaster@usagold.com / general mail: admin@usagold.com
Site Map - Risk Disclosure - Privacy Policy - Shipping Policy - Terms of Use
© 1997-2015 USAGOLD All Rights Reserved
Mailing Address - P.O. Box 460009, Denver, CO USA 80246-0009