How to Invest in Gold
Gold prices are soaring and interest has never been higher in how to invest in gold. Visit our Gold prices section for the latest coverage.
The following is a transcript of “Money Girl’s Quick and Dirty Tips for a Richer Life,” a podcast from QuickAndDirtyTips.com. The audio program is available via RSS feed here and at TheStreet.com’s podcast home page.
Two episodes ago, I explained how gold acts as the anti-dollar, meaning that its price tends to go up as the U.S. dollar goes down. Since 2001, the U.S. dollar has been losing value and the price of gold has been going up. It was $270 per troy ounce in early 2001 and is now, in February 2010, gold prices are over $1080 per troy ounce.
Why Gold Holds Value Over Time The supply of gold is constrained, which helps gold hold its value. The gold supply increases very, very slowly as more gold is mined. Gold acts as a hedge against inflation and a store of value over time. [Read the full article]
President Barack Obama says his new $3.83 trillion budget is filled with “investments we must make” to boost employment and solidify the economy.
The plan would boost this year’s federal deficit to a record-breaking $1.56 trillion — a level of debt that Obama blamed on the decisions of President George W. Bush, previous Congresses and his administration’s steps to prevent an economic collapse.
Obama said in normal circumstances he would have worked to pay down the yearly deficit immediately, but costly steps were need to help an economy in free fall. He asked lawmakers to follow his lead on reducing waste and avoid “grandstanding.” His budget plan aims to attack 10 percent joblessness with increased spending in areas such as education.
Copyright © 2009 The Associated Press. All rights reserved. [Read the full article]
Beginning today, American Airlines First and Business Class customers traveling to and from Tokyo can savor a new, enhanced menu that artfully blends the deep traditions of Japanese cuisine with the flavors of Western fare.
Sam Choy, celebrity consulting chef for American, has created new Asian-fusion entrees to augment the American Airlines premium cabin inflight experience.
“We are excited to have the opportunity to utilize Chef Choy’s award-winning culinary expertise for our Japanese menu,” said Lauri Curtis, American’s Vice President ” Onboard Service. [Read the full article]
February is always an exciting month for followers of Warren Buffett and his closely watched firm Berkshire Hathaway (NYSE: BRK-A – News, BRK-B – News). At the end of the month, Buffett will publish his annual letter, which is always filled with the Oracle of Omaha’s insights, from the technical to the folksy.
Prior to that, though, investors will get to see where Buffett has been placing his bets of late. The disclosure of Berkshire’s end-of-Q4 holdings will be made public in about two weeks.
A look at the performance of Buffett’s holdings from the start of Q4 shows that his publicly traded investments have been mostly in the black. During that period, Buffett has seen gains from names like American Express (NYSE: AXP – News), U.S. Bancorp (NYSE: USB – News), Wellpoint (NYSE: WLP – News). Each of the stocks is up by more than 15% since the end of Q3. [Read the full article]