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Gold Miners Struggle to Turn a Profit

October 7, 2013

Gold Mine Shaft

The market price of gold has been anything but stable this year, and as a result, many gold mining companies are struggling to turn a profit. “Gold companies have continued to cut capex, exploration, and corporate costs in order to make ends meet in a lower gold price environment,” explained Citigroup in a recent report

Rare $4 Gold Coin Worth As Much As $1.5 Million

September 16, 2013

Coiled Hair Stella Coin

  A rare gold coin with a face value of $4 could be sold for $1.5 million at a late-September Bonhams auction in Los Angeles, CA. Known as the Coiled Hair Stella, the six-ounce gold coin dates back to 1880 and is believed to be one of only 10 or 12 that were ever produced,

“Booty Salvage” Uncovers 350K in Sunken Treasure

September 5, 2013

Gold Treasure

A family of treasure hunters recently uncovered a literal gold mine, discovering $350,000 worth of gold in a sunken Spanish ship off the coast of Florida. It is the stuff of pirate movies and buried-treasure legends come true–after decades of scouring the “Treasure Coast,” the Schmitt family had become accustomed to mostly uncovering the usual

Gold Breaks $1,400 Barrier

August 27, 2013

  As the price of gold broke the pivotal $1,400 psychological barrier on Monday, the market is primed to move into bull-market territory for the first time in months. The precious metal is up about 19% from June, and it need only reach 20% to enter the bull market. Characterized by confidence in the market

What Drives the Price of Gold?

August 12, 2013

Inflation and The Price of Gold

If you follow the gold market, you’ll have noticed that its price lately has been anything but stable and that its price over the past two years has been decidedly, uncharacteristically, low. Some speculators have identified the slump as the popping of a so-called gold bubble. But in a five-part series on gold for Forbes,

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