The Case –Shiller index shows that property values on homes are continuing to decrease. Since 2003 homes have hit the lowest value we have seen in 20 major cities and there are a lot of homes in the process of foreclosing which will hit the market soon. It may take years before we come out of this housing crisis. Along with the foreclosure problem, we are also facing an increase in unemployment. Currently unemployment is at 8.3%. It is a lot harder to take out a loan due to stricter guidelines creating a decrease in the amount of homes being purchased. These issues are causing … [Read more...]
Spot Price of Gold
November 12, 2010 by
Gold is considered a universal trading commodity which is likened to timeless money. It can be traded in various manners such as cash payment through bank wires as well as cashier’s check with an immediate delivery. These transactions happen frequently everyday where the agreed price benchmarked is known as gold’s “spot” price or “cash” price as commonly called. Many traders of gold insist on a minimal ounce per transaction at any spot price. A common mistake made by new or novice investors trading gold is referring to the futures price of gold rather than the spot price. The … [Read more...]
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