GoldCore News

Invest In Gold As a Hedge In Cashless Society – Ex IMF Rogoff

– Invest in gold as a hedge, in pensions & as a store of value – Rogoff – Investing in and owning gold as a hedge will become more important as it will have “enormous value” in a cashless society – Bitcoin and cryptocurrencies are not an effective replacement for paper money … but gold’s […]

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The Case for Gold – The Economist

News and Commentary Gold ends lower, building on a weekly decline (MarketWatch.com) Gold rises as weak U.S. economic data drags dollar (Reuters.com) Trump to sign border bill, declare emergency: McConnell (Bloomberg.com) Weakest U.S. retail sales since 2009 cast pall over economy (Reuters.com) Bitcoin trading in crisis-stricken Venezuela has just hit an all-time high (CNBC.com) South African […]

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Valentine’s Day Record Spending Due to Gold Love Trade?

Gold Love Trade Could Set New Valentine’s Spending Record Happy Valentine’s Day! This Valentine’s Day might best be remembered for two things in particular writes Frank Holmes via Forbes. One, for the first time in 153 years, candy lovers won’t be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet […]

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Italy Government Won’t Sell ‘a Gram’ of Gold Reserves

News and Commentary One of largest shipment of gold bullion in the history of the state has been moved from London to Dublin (Extra.ie) Italy government won’t sell ‘a gram’ of gold reserves (Reuters.com) Indian brides still want gold, not rupees (Reuters.com) Gold pares gains, but notches second straight winning session (MarketWatch.com) Gold little changed as […]

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Gold Prices In Pounds and Euros Gain More as Economic Growth Falters in the UK and EU

– Gold prices in pounds and euros as economic growth falters in UK and EU – Euro & pound gold tests multi year resistance; likely to surpass due to strong demand   – Improved risk appetite sees stocks rise which may be hampering stronger gains for gold – Investors concerns regarding trade wars, Brexit, Italexit, the economic […]

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IMF Warns of Global Economic ‘Storm’

News and Commentary Gold firms as dollar eases on U.S.-China trade hopes (Reuters.com) Gold settles higher with dollar’s win streak in jeopardy (MarketWatch.com) Lawmakers reach tentative deal to avert shutdown (Reuters.com) IMF warns of global economic ‘storm’ as growth undershoots (RTE.ie) Russia may eliminate gold tax to boost investment (RT.com) Deutsche Bank to pay C$5.5 million […]

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More Irish Investors Storing Their Gold here

News and Commentary More Irish investors storing their gold here (RTE.ie) One of largest gold shipment moves to Dublin amid Brexit concerns (Breakingnews.ie) UK’s 2018 economic growth weakest since 2012 due to Brexit (RTE.ie) China joins global central bank gold rush as foreign exchange reserves stabilise (SCMP.com) Italian Populists Target Huge Gold Reserves and Some Cry […]

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U.K. Economy Wilts as Brexit Jitters Hit Business Investment

News and Commentary U.K. Economy Wilts as Brexit Jitters Hit Business Investment (Bloomberg.com) Gold slips as trade tensions buoy dollar; U.S-China talks in focus (Reuters.com) Following the money in commodities leads to gold mines: Russell (Reuters.com) Italy minister never heard talk about using Bank of Italy gold (Reuters.com) European shares recover from one-week low as trade […]

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Large Gold Bullion Shipment Moves From London to Dublin Gold Vaults As Brexit Concerns Deepen

-Large Gold Bullion Shipment Moves From London to Dublin Gold Vaults As Brexit Concerns Deepen – Growing demand from investors to relocate tangible assets out of the UK – “Zurich continues to be the most sought-after location for storage, but Dublin has already surpassed Hong Kong and will likely usurp the second spot from London” Ireland’s […]

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Buy Gold’s Dip as Gold Posts 5th Day Of Losses

News and Commentary Gold posts longest streak of declines in almost 2 years (MarketWatch.com) Gold hovers near one-week low on buoyant dollar (Reuters.com) Shares stumble on fresh fears about global growth, trade (Reuters.com) Cannabis craze weeds out junior mining field (Reuters.com) Fed’s Kaplan reiterates case for pause on rate hikes (Reuters.ie) Carney Counts Brexit Cost as […]

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Gold Surges In Aussie Dollars as Aussie Property Market Declines Sharply

News and Commentary Gold extends losing streak, Jan. holdings in gold-backed ETFs reach their highest level since 2013 (MarketWatch.com) Gold slips as dollar gains, investors eye trade talks (CNBC.com) Aussie tanks on central bank rate view; U.S. dollar firm (Reuters.com) Argentine CB buys a total of $75M in two interventions ($835M so far this year) (Reuters.com) […]

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The Vital Importance of Gold As A Strategic Asset In 2019

The Relevance of Gold As A Strategic Asset (2019) – World Gold Council Gold is a highly liquid yet scarce asset, and it is no one’s liability. It is bought as a luxury good and store of value as much as an investment. As such, gold can play four fundamental roles in a portfolio: a source […]

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ITALEXIT: Italy’s Debt Crisis Will Lead To Banking Crisis, Euro Exit and Will “Rock EU To Its Foundations”

– ITALEXIT: Italy to crash out of Euro and ‘rock EU to its foundations’ – Italy’s debt crisis will lead to default, exit from the euro, or both claims respected economist Bootle – Italy has fallen back into recession with its economy shrinking by 0.2% in the last quarter – “When Italy finally blows up, it will cause […]

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Gold Steady as Trump Stokes Fears of Next Government Shutdown

News and Commentary Gold steady as Trump speech stokes fears of govt shutdown (CNBC.com) Gold finishes lower for third session in a row (MarketWatch.com) Goldman said to plan cuts to commodity trading desk (MarketWatch.com) Gold deal rush sweeps by broader mining sector – “options running out” (Reuters.com) Euro-Area Weakness to Unite East Europe With Rates Seen […]

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“Right” Trump and “Left” Ocasio-Cortez Will Join Forces And Debase The Dollar

– Intellectuals are laying the groundwork for “a tower of debt higher than any ever seen in world history” – Alexandria Ocasio-Cortez (AOC) and Donald J Trump (DJT) will soon be on the same side by coming to love massive debt, “$2-trillion federal deficits,” ultra loose monetary policies and the debasement of the dollar – Beyond “good and […]

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Gold Posts Second Daily Loss But Analysts See Higher Prices Ahead

News and Commentary Gold posts second loss in a row, but analysts see higher prices ahead (MarketWatch.com) Gold slips as dollar gains as China closed for Lunar New Year (Reuters.com) Major European nations recognize Guaido as Venezuela president (Reuters.com) Asahi to emerge as largest gold, silver refiner in US after Republic acquisition (SPGlobal.com) Melbourne Housing Prices […]

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7 Financial Truths In An Uncertain 2019

7. Diversify, diversify, diversify – Truly balance your savings and investments 6. Avoid leverage and speculation and focus on saving and owning quality assets 5. Don’t make money the guiding principle for what you have or do 4. Own gold/ silver (in safest ways) & focus on value rather than price in fiat $, €, […]

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Gold Is One Wealth Fund’s Refuge in World Gripped by Turmoil

News and Commentary Gold prices fall in thin trade as risk aversion recedes (CNBC.com) Azerbaijan’s Sovereign Wealth Fund’s Escape From Geopolitics, Credit Risk (Bloomberg.com) UAE’s Noor Capital says it bought 3 tonnes of gold from Venezuela (Reuters.com) Maduro’s Bid to Fly Gold Out of Venezuela Is Blocked (Bloomberg.com) After Years in the Doldrums, Gold and Gold […]

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Central Banks Buy More Gold In 2018 Than Any Year Since 1967

– Central banks buy gold in largest buying spree in a half century – 2nd largest year of gold purchases by banks on record – WGC – Central banks bought more gold bullion last year than anytime since 1967, prior to the U.S. ending the gold standard in 1971 – Governments added 651.5 tonnes (metric) of […]

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Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

News and Commentary Gold hits 9-month peak on Fed rate freeze; eyes monthly gain (Reuters.com) Central banks bought more gold in 2018 than any year since 1967 (651.5 tonnes – 74 % more than in 2017) (Reuters.com) Exclusive: Venezuela prepares to fly tonnes of central bank gold to UAE – source (Reuters.com) Fed pause sets stocks […]

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