Hungary Boosts Gold Reserves 10-Fold, Citing Safety Concerns

News and Commentary

Gold prices hold steady as investors wait for Fed minutes (Reuters.com)

Asian markets jump following Wall Street’s big gains (MarketWatch.com)

U.S. industrial output rises, but momentum slowing (Reuters.com)

Hungary Boosts Gold Reserves 10-Fold, Citing Safety Concerns (Bloomberg.com)

Hungary raises gold reserves tenfold on safety concerns (RT.com)


Source: Bloomberg

Art mania and tech stocks – The financial canary’s desperate last gasp (MoneyWeek.com)

China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks (Bloomberg.com)

S&P Reveals $5.8 Trillion In “Hidden” Chinese Debt With “Titanic Credit Risks” (ZeroHedge.com)

Your shout: how gold could bring stability to volatile crypto markets (WhatInvestment.co.uk)

October Doesn’t Disappoint: Volatility Is Back After a Tranquil Third Quarter (GoldSeek.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

17 Oct: USD 1,226.75, GBP 933.68 & EUR 1,061.38 per ounce
16 Oct: USD 1,228.85, GBP 931.35 & EUR 1,061.73 per ounce
15 Oct: USD 1,233.00, GBP 937.70 & EUR 1,064.45 per ounce
12 Oct: USD 1,218.75, GBP 922.11 & EUR 1,052.15 per ounce
11 Oct: USD 1,201.10, GBP 910.31 & EUR 1,040.27 per ounce
10 Oct: USD 1,186.40, GBP 902.02 & EUR 1,033.00 per ounce

Silver Prices (LBMA)

17 Oct: USD 14.65, GBP 11.16 & EUR 12.69 per ounce
16 Oct: USD 14.76, GBP 11.16 & EUR 12.74 per ounce
15 Oct: USD 14.74, GBP 11.19 & EUR 12.71 per ounce
12 Oct: USD 14.60, GBP 11.04 & EUR 12.60 per ounce
11 Oct: USD 14.40, GBP 10.90 & EUR 12.45 per ounce
10 Oct: USD 14.38, GBP 10.92 & EUR 12.50 per ounce


Recent Market Updates

– IMF Issues Dire Warning – ‘Great Depression’ Ahead?
– Poland Raises Gold Holdings to Record High in September – IMF
– Why It’s Worth Holding Gold Bullion in Your Portfolio
– Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets
– Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe
– “Gold Is On The Cusp” Of An “Explosion Higher” As Stock and Tech “Crash Is Coming”
– Gold Bottoms As Gold Industry Consolidates and Weak Hands Capitulate
– 60 Charts For The (Last Few Remaining) Gold Bulls
– Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets
– Brexit To Burst Dublin and London Property Bubbles? GoldCore Video

Mark O'Byrne

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