Gold Blog

◆ Spot gold has risen to above $1,802/oz today for the first time since September 2011, taking year to date 2020 gains to 20%. ◆ Gold has been eking out gains since mid-March as gold buyers diversify into the safe haven asset to hedge the risk that the looming global recession will have on risk […]

◆ Physical Demand Supply Imbalance Spreading from Gold to Silver and Platinum and Prices To Gain ◆ ‘Chaos’ in gold markets ripples to silver and platinum markets ◆ Silver, platinum exchange physical bar deliveries surge as banks reposition ◆ Falling open interest signals increase of metal on CME exchanges as turmoil causes inventories to jump […]

◆ Central Banks Are “Gold’s Greatest Ally” and They Will Push Gold Prices Much Higher You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months. My earlier forecast was […]

◆ Gold is the top performing asset in the world in the first half of 2020, outperforming all stock markets including the S&P 500 and the Nasdaq and outperforming “safe haven” U.S. government bonds (see table above). Gold had an 18% gain in dollars in the first half of 2020 as risk assets, especially stock […]

◆ Gold bullion appears set for the biggest quarterly advance since 2016 amid a surge in demand for gold bullion and other safe haven assets due to the ongoing coronavirus outbreak and economic lockdowns, which show little signs of abating. Gold bullion has gradually eked out a 17% gain in dollars so far in 2020 […]

◆ Gold rose 1% last week and had its second week of gains which is positive from a technical and a momentum perspective. Spot gold was flat in late morning trading in Europe at $1,770.30 per ounce which is just $10 shy of a near eight year high of $1,779.06, hit last week. NEWS and […]

◆ Gold rose to a high of €1,779.10 during trading yesterday, the highest levels seen since October 2012. As we move towards the end of June gold prices have continued to rise to levels not seen since 2012. The yellow metal continues to flirt with $1,800 and while that level is primarily a psychologically nice […]

◆ World’s wealthy are being urged by their financial advisers to hold more gold as they question the strength of the stock market rally and are concerned about the long-term impact of global central banks’ cash splurge. ZURICH /LONDON (via Reuters) – As stock markets roar back from the coronavirus led rout, advisers to the […]

◆ Zombie Currencies Cometh! Goldnomics Podcast (Part II) ◆ Opportunities and risks for investments in a world of “infinite currency” are looked at. ◆ Outlook for property (residential and commercial), bitcoin and cryptos and gold bullion (versus gold exchange traded funds or ETFs) is looked at by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) […]

◆ What is the outlook for markets, investments, savings and assets in a world of “infinite currency”? ◆ The opportunity and risks are considered in Episode 15 of the Goldnomics Podcast by GoldCore’s Mark O’Byrne (Research Director), Stephen Flood (CEO) and Dave Russell (Director). ◆ In Part I, we look at the outlook for digital […]

◆ The owner or transporter of the gold bars could not be established despite ‘extensive investigations’ by the police in Switzerland. (via CNN) — Swiss police are looking for a forgetful individual who left something rather important on a train — a package full of gold bars, worth more than $190,000. The parcel containing the […]

Smart Money interviews the Research Director of GoldCore, Mark O’Byrne, in the first Smart Money Series Online Live Conference. The presentation including slides begins at 1 hour 12 min and 42 seconds. ◆ Why do people buy gold and what are it’s benefits to investors and pension owners? ◆ Why do Bank of America believe […]

◆ Physical Gold Market Is Globalising As People and Institutions Globally but Particularly in Turkey, the Middle East, South East Asia, India, China Assume Dominance Over Banks in New York and London ◆ The London and New York fractional, unallocated bank gold trading and digital gold market is breaking up ◆ “This wasn’t peak fear. […]

Gold is 3.3% higher this week and acting as a hedge and safe haven again as stock markets globally see sharp selling pressure due to concerns about the appalling global economic outlook. Gold has performed well despite the rout in stocks this week. U.S. stocks including the S&P 500 are down sharply with the S&P […]

Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies by […]

◆ WHY GOLD? That’s a question I’m asked frequently. It’s usually followed by a comment along the lines of, “I don’t get it. It’s just a shiny rock. People dig it out of the ground and then put it back in the ground. What’s the point?” I usually begin my reply by saying, “It’s not […]

◆ Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby, reveal why gold could soon “go bananas” writing in Money Week It’s all about gold today, folks. This is the week that Incrementum AG puts out its annual research note, […]

◆ WORLD SILVER SURVEY 2020 from the SILVER INSTITUTE GLOBAL SILVER DEMAND EDGED HIGHER IN 2019, WITH INVESTMENT DEMAND UP 12%, WHILE SILVER MINE SUPPLY FELL FOR THE FOURTH CONSECUTIVE YEAR Global silver demand was pushed higher in 2019, with a 12 percent increase in investment demand as retail and institutional investors focused their attention […]

The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand. But the onset and scale of the COVID-19 pandemic […]

◆ SILVER SHOULD BE 10x HIGHER & WARREN BUFFETT IS “TALKING HIS BOOK” ON GOLD” Tom of Palisade Radio welcomes Mark O’Byrne, Research Director and founder of GoldCore, back to the show. GoldCore is Ireland’s leading gold bullion broker and storage specialist (est. 2003). Mark discusses the overall world economy and how it will only […]

◆ GoldCore are delighted to publish the 14th edition of the annual “In Gold We Trust” report, “The Dawning of a Golden Decade” by by our friends Ronald-Peter Stoeferle & Mark J. Valek of Incrementum AG. Gold prices should rise to over $5,000/oz and may rise as high as $9,000/oz in the coming decade and […]

Published on Independent Trustee Company (27/05/2020) ◆ With the current level of uncertainty in world markets we have received numerous requests for information on how self directed pension schemes (pre and post retirement) can hold gold and silver. It is accepted that if gold bullion is held via a gold certificates ( Perth Mint Certificates […]

◆ The global economy was flashing danger signs long before the pandemic… ◆ For one thing, many countries were clamouring to get hold of as much gold as possible. ◆ For the past decade they have been buying new reserves and bringing it home from overseas storage to an extent never seen in modern times. […]

◆ All time record high gold prices in dollar terms are likely to be seen in the coming weeks and by the summer. ◆ Gold has already reached all time record highs in euros, pounds and many other fiat currencies in recent days and given the appalling outlook for the US economy and the US […]

◆ Gold is 15% higher in dollars, 18% higher in euros and 23% higher in sterling year to date as safe haven demand sees gold act as a hedge again. ◆ Silver has under-performed gold in the short and medium term and is only 1% higher year to date in dollars, 4% in euros and […]

◆ Gold has surged to new record highs in most currencies today including new record highs in British pounds at £1,458/oz and in euros at €1,632/oz ◆ Gold has risen to $1,765/oz in dollars which is a 1.3% gain, it’s fourth day of gains and a new 8 year high in dollars as U.S. Chinese […]

◆ The massive global debt driven “Everything Bubble” is bursting due to the pandemic and more specifically the governments draconian economic lockdowns ◆ A dollar crisis is inevitable with U.S. government debt surging by some $2 trillion in a matter of weeks and ballooning to over $25 trillion ◆ Wall Street has just been bailed […]

Research Director of GoldCore, Mark O’Byrne discusses his outlook for the precious metals markets, what lead him to start a bullion business and why silver could rise by 10 times in the coming years. He outlines the differences between bail-outs and bail-ins and why he thinks that while bail-ins may occur, they are less likely […]

By John Stepek Moneyweek Gold is set to hit $3,000 an ounce in the next 18 months. That’s about 50% more than its all-time high, set back in 2011. (It’s at about $1,700 an ounce just now). You might be tempted to dismiss this as yet another hopeful-yet-hallucinatory outburst from the bulletin boards of one […]

NEWS and COMMENTARY Gold Soars 8.5% and Silver 12% in April as Top Central Banks Fight Pandemic’s DamageSilver’s Bull Market Is Only Getting Running Clash of tech titans: Zuckerberg praises coronavirus lockdowns; Musk sees ‘fascism’ Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief – “sources” Stocks rally on treatment […]

NEWS and COMMENTARY Gold ticks up as dollar weakens; Fed decision eyed Trump says “COVID-19 reparations” coming, “US will bill China at least $160 billion” China Gold Exchange President Calls For Super Sovereign Currency Post-Crisis China starts major trial of state-run digital currency Fed likely to renew vow to use “all tools” to “brace” economy […]

◆ Gold prices surged to new all time record highs in euros and pounds at 1,614/oz and £1,406/oz respectively on Friday due to concerns about the outlook for both the UK and EU economies and concerns about the outlook for both sterling and the single currency in an era of unprecedented economic and monetary risk. […]

NEWS and COMMENTARY Gold to Reach $3,000—50% Above Its Record, Bank of America Says “Fed Can’t Print Gold”: BofA Calls Gold “Ultimate Store Of Value”, Raises Price Target To $3,000London, Gold Hub for Centuries, Eyes Delivery ‘Around the World’Billionaire Ray Dalio says coronavirus marks the start of a technology driven ‘Brave New World’ Central Banks […]

NEWS and COMMENTARY Swiss Gold Exports to U.S. Jump to at Least Eight-Year High: 43.2 tons in March Gold pares losses as oil rout hammers risk appetite Price on June US crude futures tumble 30%; May contract falls further into negative territory European shares tumble on oil crash, dour earnings Oil crash hits stocks, dollar […]

NEWS and COMMENTARY U.S. Mint Plant Halts Gold Coin Output Just as Demand Is Surging (see chart below) Gold on track for 2nd weekly gain on global recession fears Virus threatens to hit economy harder than war and flu in 1918 A double recession? Economies risk debt crises after stimulus spending Gold Still Shines 50 […]

NEWS and COMMENTARY Gold slips as investors lock in profits, recession fears cap losses Gold’s Powerful Rally Brings $1,800 Into View Gold rallies to over 7-year high as virus sparks depression fears Goldman says downturn will be four times worse than the financial crisis Asia shares take a breather, China cuts medium-term rates Oil in […]

◆ Gold prices surged to new all time record highs in euros and other digital fiat currencies today due to concerns about the outlook for risk assets and currencies in an era of unprecedented economic and monetary risk. ◆ Gold prices rose to a more than seven-year high in dollars today at $1,726/oz (see chart […]

◆ Yes is the short answer. ◆ Given the scale of the crisis, gold at $5,000 could happen sooner than most expect and it is only a matter of time (see table below). ◆ It is not the Covid-19 panic that will push prices higher. An economic, financial and monetary crisis was inevitable anyway. The […]

Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression. Gold has made significant gains this year, with investors flocking to […]

◆ Gold surged 2.9% and silver by 5% yesterday, with futures leading the way higher with gold reaching it’s highest price in more than seven years ◆ Investors are diversifying into safe haven gold to hedge themselves from the coming destruction of balance sheets, trillions and trillions of fiscal and monetary stimulus and a likely […]

◆ GoldCore Live Video Update: Gold and Silver Coin and Bar Premiums – What Is Happening? ◆ Premiums are higher on gold and silver coins and bars, both when you buy and when you sell, and may stay higher in the “new normal.” ◆ Bullion coin and bar premiums are not commissions and brokers only […]

◆ “Epic” gold shortages, government and bank risk and corruption and U.S. unemployment and stocks both surge … ◆ Stephen Flood, David Russell & myself just recorded our first ever Live Video Gold Market Update on YouTube ◆ GoldCore remains open for business and when they become available we are buying coins and bars from our […]

◆ Gold bar shortage globally prompts preppers, bankers and high net worth investors alike to try and acquire large gold bars but mints, refiners, banks and dealers globally are sold out. ◆ As the coronavirus pandemic takes hold, retail and institutional investors and banks are encountering severe shortages of gold bars and coins according to […]

◆ Gold and silver coin and bar shortages continue globally due to massive demand and a breakdown in supply (see News this week). NEWS and COMMENTARY Gold eases on profit-taking, but poised for 8.5% gain in week; best week in 11 years The Gold Market Is Being Tested Like Never Before South African Gold Shipments […]

◆ Gold and silver coin and bar shortages have deepened globally due to massive demand and a breakdown in supply (see News below).◆ GoldCore remains open for business and we are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are buying coins and bars […]

◆ GoldCore remains open for business. Stocks of coins and bars have been depleted globally due to massive demand. We are buying coins and bars from clients and we are continuing to buy and sell gold and silver certificates. We are selling coins and bars when we receive stock from clients or directly from our […]

◆ GoldCore remain open for business unlike many dealers, mints and refineries (see News below) and we continue to buy bullion coins and bars and sell gold bars (1 kilo). The supply situation changes hour to hour. ◆ We, like the entire industry have experienced record demand in recent days and the global supply of […]

◆ “There are no limits to our commitment to the euro,” ECB President Christine Lagarde pronounced as the ECB began to create an additional EUR 750 billion in order to buy government and corporate debt in an emergency move overnight. ◆ Gold prices in euros are marginally higher at €1,369/oz and in British pounds gold […]

◆ Gold and particularly silver prices have fallen sharply in recent days due to massive concerted selling in the futures market which is being attributed to margin call selling. ◆ Gold and silver prices are down by 4.5% and 24% respectively in March despite unprecedented demand for gold and silver bullion globally which is leading […]

GoldCore remain open for business and we like most mints, refineries and dealers continue to experience record demand. In light of the unprecedented demand for precious metals and significant disruptions to logistical networks as borders and nations are closed in national lock-downs, we have taken the following decisions and actions: ◆ All new order deliveries […]

◆ Markets have collapsed around the world as we predicted as the ‘Giant Ponzi Everything Bubble’ meets the massive pin that is the coronavirus’ impact on already vulnerable indebted economies. ◆ Stocks have crashed and bond markets and banks may be next … “bank holidays”, bail-ins and currency resets are likely ◆ The virus is […]

◆ Gold jumped 3% after the US Federal Reserve cut its benchmark interest rate by a full percentage point to near zero and announced they would again engage in QE and massive bond buying worth $700 billion. ◆ Gold subsequently pared gains despite the US central bank engaging in another panic move to protect stock […]

◆ Stock markets around the world collapsed yesterday as market panic led to massive sell offs of over 10% on U.S. markets, the worst crash since October 1987 and European stocks had the largest falls seen since 1940. ◆ Gold started the day well and only started falling at 1130 GMT and ended the day […]

◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised. ◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground. ◆ The FTSE 100 is down […]

◆ Gold prices rose by 0.6% today as the Bank of England slashed rates in an emergency move to 0.25% and the ECB looks set to follow as it warned of a 2008 style crisis overnight. ◆ The Bank of England slashed its main interest rate to 0.25 percent this morning in a emergency move […]

◆ “Coronavirus may be more destructive than the Lehman crisis” and “recession is imminent” warns Ambrose Evans-Pritchard in the Telegraph ◆ The outbreak has triggered a collision of unstable debt and the oil price crash is combining with a worrying level of corporate debt that is frightening Wall Street ◆ The coronavirus has set off […]

◆ Gold reached new multi year highs today, reaching its highest since December 2012 at $1,702.56 per ounce prior to profit taking in gold futures saw gold fall back to $1,670/oz. ◆ Gold prices rose above the $1,700 per ounce level for the first time in more than seven years, as stock market routs continued […]

◆ Gold has surged 7.5% this week to $1,690/oz and is set for its biggest weekly gain since October 2011. It has reached a new seven year high today as fears mount over the negative effect of the coronavirus on companies, economies, markets and currencies. ◆ Gold is the top performing asset this week (see […]

Macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to remain buyers of silver, a development that should lift silver prices higher this year, according to officials of the Silver Institute.The Institute provides the following insights on 2020 silver market trends. Silver Demand The Silver Institute foresees a 3 percent increase […]

◆ Gold surges 3% and has largest daily gain since June 2016 as the Fed delivers a surprise emergency rate cut, the first since 2008 ◆ Gold has gained over 10% in dollars and by more in other currencies so far in 2020 and along with U.S. Treasuries, it is a one of the best […]

◆ The coronavirus may plunge the global economy into the worst downturn and crisis since 2009, the OECD has warned as the virus is now present on every continent except Antarctic. ◆ As the epidemic continues to expand rapidly worldwide, topping 90,000 cases and 3,000 deaths, the OECD has urged coronavirus affected countries to take […]

Jim Rickards via The Daily Reckoning The coronavirus continues to take its toll on the stock market. For investors accustomed to “buying the dip,” this is quite a change. As noted macroeconomic analyst Mohamed El-Erian said earlier today: I understand the inclination to buy on the dip. I understand that the path of least resistance […]

◆ If history, data and charts are anything to go by, even with gold at seven-year highs, there’s still room for more gains ◆ Holdings in gold ETFs remain very low versus total assets ◆ Gold is a ‘resilient ballast’ in recessions and in recessions gold gains 11.5% and stocks fall 34.1% on average (see […]

On “Bloomberg Commodities Edge”, Bloomberg’s Alix Steel and Naureen Malik talk with Jeff Currie, global head of commodities research at Goldman Sachs. They discuss Goldman’s bullish stance on gold. Gold is gaining on mounting speculation China and other central banks will unleash stimulus to counter the economic pain from the coronavirus outbreak, boosting liquidity in […]

Newstalk interviewed Mark O’Byrne, Research Director at GoldCore about gold’s value and utility and why it has had a value throughout history and it’s continuing value today as a hedge and a safe haven monetary asset. Warren Buffett’s simplistically negative comments regarding gold are “wrong on so many levels” according to Mark O’Byrne of GoldCore. […]

Gold prices surge as coronavirus fears impact on equities. Gold rose more than 2.5% to a seven-year high on Monday of $1,688 per ounce. (Irish Times) Irish gold brokers GoldCore said on Monday that it had witnessed a massive spike in transactions on foot of the jump in coronavirus cases outside China. Fears of a […]

IGTV interviewed Mark O’Byrne, Research Director at GoldCore about the outlook for gold and silver bullion. He is bullish on both precious metals in the medium and long term. The fundamentals are very strong with strong central bank demand and ETF gold holdings reaching an all time record high due to deepening political and economic […]

◆ Gold has surged to new record highs in euros, yen, Canadian, Australian and New Zealand dollars and most emerging market currencies. ◆ Gold has built on recent gains and reached seven year highs in dollars at $1,636/oz and reached new record highs in euros today at €1,515.80/oz. ◆ Safe haven gold has surged to […]

◆ Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens ◆ Silver surged to $18.44/oz and is 4% higher this week, while palladium […]

◆ Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years ◆ The record nominal high of $50 in 1980 and in 2012 will almost certainly be seen in the next two years ◆ Never miss breaking precious metals news […]

◆ The end of Saudi Arabia and the coming revolution in Islam according to Robert Fisk ◆ The end of Saudi Arabia means the end of the petrodollar which will likely lead to the dollar falling severely against gold resulting in severe inflation, nationalisation of retirement savings and other forms of wealth confiscation according to […]

◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe” ◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the side” […]

◆ In a rare look inside Bank of England’s gold bullion vault, the BBC is shown how £194 billion worth of gold bars are stored ◆ They hardly ever let anyone in to film, but the BBC’s Frank Gardner has been given access to the Bank of England’s gold vault to view some of the […]

◆ Sales of gold jewellery in China are set to plummet this year as the economic damage from the deadly coronavirus crisis widens ◆ People not “in mood” to shop for jewellery says China Gold Association ◆ Luk Fook shortens business hours at stores to curb infections ◆ Editors note: China’s gold jewellery demand will […]

◆ Gold coins including gold sovereigns found in drawers of deceased retiree’s cottage sell at auction for £80,000 ◆ British gold coins including gold sovereigns from the Royal Mint found in drawers and cupboards of cottage fetch £80,000; one British gold sovereign found in a sugar bowl ◆ Auctioneer John Rolfe expected little before he […]

via Bloomberg Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll […]

Investors Are Shifting Back Into Gold. It Looks Like a Smart Move by Randall W. Forsyth via Barron’s ◆ With no opportunity cost to holding a zero-yield asset such as gold, investors increasingly are adding it to their portfolios as a hedge. ◆ Gold retains its intrinsic value, something no paper currency has managed to […]

◆ Total known gold holdings in exchange traded funds (gold ETFs) have reached a new record highs as investors diversify into gold ◆ Known gold holdings surge above previous high from 2012 after expanding for past four years and surging in 2019◆ Recent allocations to gold ETFs comes as investors weigh impact of a global […]

◆ “Gold will go to $2,500 per ounce” renowned geopolitical and financial cycle expert Charles Nenner stands by his prediction of record gold prices. ◆ “Cycles show me that gold and silver will be going up for a couple of years. I take profits in a short term top, but … I am in for […]

◆ Gold prices fell 0.6% today after reaching a seven year weekly high close at $1587.90/oz on Friday, gold’s highest weekly price settlement since March 2013, a 4% gain in January and its second straight monthly climb. ◆ Chinese stocks crashed over 7.7% overnight as investors got a chance to react to the worsening coronavirus […]

◆ Gold has rallied 0.4% to $1,581.70/oz today and is at £1,204.60/oz and €1,431/oz, very close to the all time record high in euros seen on January 8th ◆ Concerns about the coronavirus are leading to risk aversion which is impacting economically sensitive, risk assets in the form of stocks and benefiting safe haven gold […]

NEWS and COMMENTARY Gold gains as virus fuels economic worry Gold ends slightly higher as traders eye economic impact of coronavirusGlobal stocks tumble over China epidemic worries U.S. economy growing moderately in fourth quarter US will keep tariffs on China even if coronavirus starts hurting growth, Trump advisor Peter Navarro says How the coronavirus outbreak […]

◆ Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below) ◆ Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade […]

by Paul R. La Monica via CNN Business Gold was one of the few investments heading higher Monday as worries about the coronavirus outbreak led to a steep market slide. Gold is now up more than 20% in the past year, and trading near $1,600 an ounce, its highest level since 2013. Other precious metals, […]

◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ Stocks […]

◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos ◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold […]

If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking […]

In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in 2020.’ What Are The 3 Key Things to Protect Your Finances in 2020? 1. Review your investments, savings and overall finances – your assets and liabilities […]

To celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint we have put together a special podcast and an Exclusive Offer for our clients and community. Exclusive CGT Gold Offer – For UK Retail, Pension and HNW Investors ◆ We are offering newly minted 2020 Gold Britannias and Gold Sovereigns at incredibly reduced […]

◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,556.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of risk […]

◆ Palladium hits new all time record high after surging 9% in a week for its biggest weekly gain since 2001 (see chart below) ◆ Palladium soared over 9% and 50% for the year to power above the key $2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of […]

◆ Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce. ◆ The manager from the world’s biggest hedge fund cited increased income inequality in the U.S. and rising tensions with China and Iran as uncertainties that will prompt more safe-haven buying. ◆ Jensen also believes […]

◆ Indians diversify into gold coins, bars and jewellery because it never fails them in an emergency ◆ Indians are simply very prudent and practical and believe in channeling some of their wealth and saving into physical gold ◆ “A woman’s gold is both her personal treasure and plays a functional role as the family’s […]

◆ Rhodium has surged 30% in January to the highest levels since 2008 and has risen more than 12 fold in less than four years from $575 per ounce to nearly $8,000 per ounce ◆ Rhodium is now 5 times more costly than safe haven gold and 440 times more expensive than the industrial and […]

by Reuters via Nasdaq.com The Perth Mint’s gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said. Sales of gold coins and minted bars in December climbed to 78,912 ounces – their highest since October 2016, and surged about 170% from the […]

CNN and Goldman Sachs via Russia Today The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Data from Goldman research showed that owning the physical metal seems to be the global elite’s preferred […]

by Charlie Morris via Money Week (Part II) In Part I, I reiterated that gold is in a bull market, and I suggested that a bullish target for $7,166 is both logical and plausible. So how did I reach that conclusion? Allow me to talk you through it, step by step below. How inflation could […]

◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in […]

◆ Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq. ◆ The severe, but long expected, re-escalation of geopolitical tensions led to the gold price surging overnight as speculators go long […]

◆ Gold could rise to more than $7,000 an ounce according to respected MoneyWeek contributor and fund manager Charlie Morris (Part I today and Part II tomorrow) A year ago, in my occasional free newsletter, Atlas Pulse, I upgraded gold – which was trading at $1,239 an ounce at that point – to “bull market” […]

◆ Gold has surged to test $1,600 per ounce, up 4% so far in 2020 and building on the stellar near 18.9% gain in 2019 ◆ Gold is testing it’s highest levels since 2013 as investors diversify into gold; Goldman, Citi and other gold analysts are advocating gold bullion as important hedge in crisis ◆ […]

Happy Christmas and Wishing You All a Healthy & Prosperous 2020 Happy Christmas to you and yours.We hope you had a prosperous 2019. Thank you for your support during the year and in recent years. Christmas and New Years Trading HoursPlease take note of our trading hours over the Christmas and New Year’s Season. Please […]

With late cycle risks and concerns about global growth, many Wall Street analysts are increasingly bullish on gold. Mark O’Byrne, founder at GoldCore spoke to IGTV’s Victoria Scholar about the outlook for gold in 2020. He explained why most analysts including GoldCore are optimistic on both gold and silver. He also tells IGTV why he […]

By Daniel R. Amerman, CFA As can be seen in the graph above, for the last 12 weeks there has been a stunning visual correlation between the yellow bars of the total weekly funding of deficits by the Federal Reserve, and the green bars of the weekly deficit spending by the United States government. Total […]

◆ Gold coins worth thousands generously gifted to the charity again this year ◆ It just means so much … because it means that they went out of their way to do something extra special…” ◆ Salvation Army gold donors keep giving gold coins including Gold Krugerrands anonymously every year◆ At least three gold coins worth […]

Wealthy and high net investors internationally are moving to the safety of physical gold bullion in secure vaults according to Goldman Sachs. This is according to important data and a chart in the recent very important Goldman note to clients which was not picked up on in the select media who covered it initially. We […]

There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go […]

◆ U.S. banks couldn’t quickly fund lending market when rates spiked & hedge funds ‘compounded the strains’ in vital part of finance – BIS report ◆ The Bank for International Settlements — the central bank of central banks says that the ongoing mayhem in the U.S. repo market which began in September and has seen […]

◆ Goldman is still forecasting that gold will climb to $1,600 over the next year due to investment demand. ◆ Investors should diversify their long-term bond holdings with gold, citing “fear-driven demand” for the precious metal – Goldman Sachs Group Inc. ◆ “We still see upside in gold as late cycle concerns and heightened political […]

◆ Gold could triple to $4,000 according to “bold bets” in the options market New York ◆ Gold options market saw $1.75 million in block trades speculating that gold will surpass it’s nominal record and could almost triple in a year ◆ 5,000 lots of a gold option giving the holder the right to buy […]

The largest gold nugget in Britain has been found in a Scottish river, as experts reveal that members of the public are taking up hunting after watching YouTube clips. The diver, who wishes to remain anonymous, discovered the £80,000 “doughnut-shaped” nugget using a method called “sniping”, in which a prospector uses a snorkel and hand tools to scan […]

Watch latest GoldCore video here ◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions ◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore ◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx […]

◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved overnight repurchase agreements, or repos, worth $72.9 billion and the balance via 42-day […]

◆ Global debt has risen to another record at $255 trillion due to cheap borrowing costs. ◆ A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. ◆ This is almost three times global economic output and equates to about $32,500 for every man, woman […]

◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England […]

Bloomberg via Yahoo Finance Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’ Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said. The institution bought about 126 tons […]

◆ First, the good news from  — though it’s not great !◆ Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast◆  They predict low growth in U.S. stocks next year but a big drop if there’s a recession ◆ Weak productivity growth will limit the global […]

Have we learned the lessons of 2008? Stand-up comedians Konstantin Kisin and Francis Foster interview James Rickards NEWS and COMMENTARY Gold prices end lower for the week Gold prices ease as strong U.S. data lifts dollar, yields Trump’s Fed Pick Judy Shelton Cast Doubt on Central Bank Independence China attacks US at G20 as the […]

3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020.  The super rich have increased their cash holding to 25% of their average assets, the survey showed. A majority of the most […]

‘Retail Gold Insights 2019’ has just been published by the World Gold Council. It is a thematic analysis of their new consumer research survey. With a base of 18,000 participants across India, China, Russia, Germany, the US and Canada, we believe it is the largest ever consumer survey on the global gold market. 5 main themes of […]

GoldCore directors have been monitoring the political and economic situation in Hong Kong for the last year. It has clearly deteriorated in the last two weeks and we are now erring on the side of caution in terms of our client’s who store assets there. We have contacted all GoldCore Secure Storage clients with assets […]

Chris Powell of GATA writes today about how he finds it interesting that CNBC are careful to admit that owning the GLD ETF is not the same thing as owning physical gold, a theme that has run strongly throughout our market commentaries for many years. He writes… Two cheers for today’s CNBC report celebrating the […]

David Stockman is the former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” He believes that the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic. NEWS and COMMENTARY Gold slips as trade optimism derails […]

◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks ◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News […]

◆ Gold price falls to a three-month low as concentrated selling of COMEX gold futures contracts equal to over 3 million ounces are sold in 30 minutes ◆ 33,596 contracts were aggressively sold in the 30 minutes between 10:00 and 10:30 a.m. New York time which is more than triple the 100-day average for that […]

◆ Financial advisers have not learnt from financial history or even learnt lessons from the near financial collapse ten years ago ◆ Investors in Ireland, the UK and internationally are no more aware of risk in financial markets today than we were ten years ago ◆ Investors are not being well served by financial advisers […]

◆ Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York.◆ Stocks in Asia fell and European indices were mixed today due to conflicting signals between China and the U.S. regarding progress in resolving the trade war which is damaging global economic growth. ◆ Gold has gained […]

NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, Lebanon’s […]

NEWS and COMMENTARY The Deutsche Bank Death Watch Has Taken A Very Interesting Turn by Michael Snyder via Zero Hedge The biggest bank in Europe is in the process of imploding and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis […]

Gold demand grew modestly to 1,107.9 tonnes (t) in Q3 thanks to the largest ETF inflows since Q1 2016 ◆ A surge in ETF inflows (258t) outweighed weakness elsewhere in the market to nudge gold demand 3% higher in Q3 ◆ Global central bank buying remained healthy but significantly lower than the record levels of […]

◆ Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? ◆ The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed to 108.34m oz in September, the first increase since 1998” ◆ […]

◆ In the first quarter of 2019, global debt hit $246.5 trillion ◆ Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone ◆ It reverses a trend that started in the beginning of 2018, of reducing debt burdens, when […]

◆ “It may be time to replace bonds with gold”according to the just released excellent new Investment Update by the World Gold Council. ◆ Central banks have shifted to a new regime of easy monetary policy, thus reducing expected bond returns. ◆ As negative yielding debt increases alongside stock-to-yield valuations to all-time highs, gold may become an attractive and […]

NEWS & COMMENTARY Gold prices range-bound ahead of expected Fed rate cut Gold prices mark one-week low a day ahead of the Fed’s interest-rate decision Stocks drop rapidly on report trade agreement may not be signed at Chile meeting in November Fed may have to do more to calm the stress in the short-term lending […]

Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the real […]

◆ “I like gold because gold is God’s money”, Robert Kiyosaki, personal finance expert and best selling author of “Rich Dad Poor Dad,” tells Bloomberg TV ◆ “Gold and silver will always be here, no matter what the markets are doing, so that is why my foundation is gold, the second is real estate and […]

◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in gold ◆ Which […]

◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month ◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at 90,000 troy ounces, […]

◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’ ◆ Goldman Sachs and Bank of America also warn funding issues remain (see below) ◆ Federal Reserve will start buying $60 billion of Treasury bills every month ◆ […]

How Is Gold Doing and What Is The Future Outlook? ◆ Negative interest rates and $250 trillion of global debt has turned the world of investments and pensions “on its head” ◆ Gold is doing very well and is up 17% in dollar terms so far this year (19% in euros and 17% in British […]

◆ Gold has fallen in pounds, euros and dollars after breaking news suggesting a Brexit deal has been reached ◆ The pound and the euro rose with the pound gaining 0.52% against the dollar ◆ The Australian and New Zealand dollar saw larger gains of 1% and 0.7% respectively which suggests foreign exchange markets remain […]

◆ Coming financial collapse will likely be due to climate change warns Bank of England governor ◆ Marc Carney warns of an “abrupt” financial collapse due to climate emergency and warns that companies that ignore climate crisis will go bankrupt ◆ Fighting climate change will drive up interest rates and we must avoid a “climate-driven […]

◆ “Gold is the perfect piggy bank – it’s the anchor of trust for the financial system” says the Central Bank of the Netherlands ◆ “If the system collapses, the gold stock can serve as a basis to build it up again” astutely and prudently observes the Dutch Central Bank ◆ The Dutch people “hold […]

◆ GOLDNOMICS PODCAST – Episode 13 – Lucky for some ! ◆ Why is nobody talking about the real risk of contagion to investors, savers & companies? ◆ While all the focus in the UK, Ireland and the EU is on Brexit, the risk of another debt crisis looms as companies, banks, governments and the […]

◆ Gold is marginally higher today but 0.6% lower for the week at $1,499/oz despite a very positive back drop with increasing geopolitical, monetary and systemic risks ◆ Silver is again outperforming gold, recovering to $17.70/oz and is 0.5% higher for the week as smart money continues to accumulate undervalued silver; while palladium prices reached […]

◆ Global gold ETF holdings reach all time record highs, increasing by 13.4% so far in 2019 on hedging and safe haven demand ◆ Global gold ETFs, ETCs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2 tonnes(t) to 2,808t, the highest levels of all time in September ◆ Gold ETF […]

◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month […]

◆ Gold is marginally lower today at $1,503/oz and stocks are mixed ahead of what are set to be tense U.S. and China trade negotiations. ◆ Gold sales are expected to accelerate through the end of the year due to weakening global economic conditions, according to Mike McGlone, a Bloomberg Intelligence senior commodity strategist as […]

– “The possibility of gold over $16,000 per ounce and silver over $770 per ounce … I hear people gasp in dismay when I say those figures and I will qualify them” – “There are a lot of important developments in the precious metals market … the outlook for gold and silver has never been […]

◆ Gold is 0.6% lower today at $1,497/oz and appears headed for a 1.1% fall this week after a 2% gain last week ◆ Gold looks set for a near 2% loss in September which will encourage bargain hunters buying on weakness; The dollar remains near multi-week highs despite poor U.S. economic data of late […]

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters ◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and […]

◆ Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech ◆ Stocks fell in the U.S. yesterday and today in Europe on increasing political turmoil in the U.S. and the UK; Concerns about the global economy and the […]

  NEWS and COMMENTARY Gold climbs as weak eurozone data underlines fears over global growth Gold hits 2-week high on growth fears, palladium scales new peak Global stocks sink on dismal economic data, mixed trade signals European Central Bank Pressures EU Countries To Stimulate The European Economy The Coming Currency War 2.0: Digital Money vs. […]

  NEWS and COMMENTARY Gold gains on Middle East tensions; palladium hits record high Gloomy European Data Hits Stocks as Bonds Advance Oil gains more than 1% on Saudi supply doubts, Mideast tensions Iran warns it will ‘destroy aggressors’ after US troop announcement UK households’ financial worries hit five-year high: IHS Markit German Industrial Recession […]

◆ The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE ◆ The New York Fed appears to be set to do another $75 […]

NEWS and COMMENTARY Trump: Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!  Federal prosecutors, commodity regulators broaden manipulation probe beyond precious metals JP Morgan’s ‘spoofing’ isn’t the big manipulation GATA has pursued, Official manipulation is BIS gold swaps rose in August but still lower than last year […]

◆ JPMorgan’s head of precious metals trading and senior traders have been charged by the U.S. Department of Justice with rigging precious metal prices in a “massive, multiyear scheme” ◆ The DOJ’s indictment said the scheme generated millions of dollars in profits for JPMorgan Chase and caused millions in losses for counter-parties, prosecutors said ◆ […]

◆ Why central banks including China and Russia will keep buying gold due to concerns about the outlook for currencies, including the dollar and the euro, Mark O’Byrne, Research Director of GoldCore told Marketwatch ◆ While the gold tonnage demand from central banks in recent months has been significant and near records, gold remains a […]

◆ Oil surged over 15% after the attacks on the Saudi oil facilities; oil prices are now 10% higher with gold 1% higher and silver over 2% higher ◆ U.S. stock index futures dropped as oil prices surged the most on record; Brent crude soared as much as 19.5% and West Texas Intermediate added 15.5% […]

◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to €1,394/oz […]

◆ Gold will “trade stronger for longer” and Citigroup see gold possibly topping new nominal highs at $2,000 an ounce in the next year or two ◆ Citi is bullish on gold due to the prospect of the Fed cutting interest rates to zero, heightened geopolitical tensions and rising risks of a global recession (see […]

Diversify Well To Protect Oneself Against The Coming ‘Paradigm Shift’ by Ray Dalio, Bridgewater Associates The most important forces that now exist are: 1) The End of the Long-Term Debt Cycle (When Central Banks Are No Longer Effective)+ 2) The Large Wealth Gap and Political Polarity+ 3) A Rising World Power Challenging an Existing World […]

◆ Gold eked out small gains of 0.4% to $1,512/oz after falling nearly 1% last week; Improved risk appetite are capping gains for now ◆ Gold may go lower in the short term and support is at $1,500 and $1,450 per ounce but strong global safe haven demand from investors, family offices and central banks […]

◆ Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters” ◆ A surge in demand in Japan is resulting in gold buyers needing to wait “2-3 hours to close deals” on gold bars according to Japan’s largest gold broker Tanaka […]

◆ Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction ◆ “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity” ◆ “Gold is not money due to any man-made laws. Gold is money despite man-made laws, […]

* Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China trade war and the political shambles in the UK and Brexit further bolstered gold bullion’s safe-haven appeal * U.S. manufacturing activity contracted for the first time in […]

* Gold in sterling and euros have reached new record nominal highs of £1,279.46/oz and €1,401.60/oz respectively this morning (see charts below) * Gold priced in sterling and euros soared to record highs due to political turmoil in the UK, increasing concerns about a disorderly UK exit from the EU and the slowing UK and […]

News and Commentary Gold rises as U.S., China begin new round of tariffs Silver rally is stealing the show even as gold surges to 6-year high Return to capital controls sends Argentina assets tumbling Argentina central bank tightens FX market access as peso plunge burns through reserves China, U.S. kick off new round of tariffs […]

News and Commentary Gold steadies near six-year high, silver jumps as growth risks persist Silver rally is stealing the show even as gold surges to 6-year high Around 1,000 fake-branded bars likely from China slip dirty gold into Asian gold markets Trump says US and China resume trade talks Thursday ‘at a different level’ China […]

* UK political chaos, Brexit concerns and flight to safety propel gold in sterling and euros to new record nominal highs * Gold priced in sterling and euros soared to record highs today at £1,272 and €1,399 per ounce, spurred by increasing fears of a disorderly British exit from the European Union as PM Johnson […]

* Silver has breached the resistance level of $18 an ounce for the first time in two years after surging 3% yesterday * Spot silver extended gains for a third straight session, jumping 3% to $18.15 per ounce. It reached $18.34, its highest level since September 2017 and is up 11.5% in August, making it […]

* Gold in euros surged to a record high at €1,392.60/oz and the Australian dollar hit new record highs yesterday * Gold surged to a more than six-year high in dollars yesterday surpassing $1,550/oz in early trade prior to falling to $1,530/oz *Investors are seeking safety from a host of uncertainties including heightened U.S.-China and […]

Mark O’Byrne, executive director at Goldcore Ltd., discusses his outlook for gold as gold reached record highs in euros (see chart) amid global uncertainty. He speaks on “Bloomberg Markets: European Open.” (Source:Bloomberg) – Given the serious developments at the G7, Trump’s tweet regarding Fed Chairman Powell being akin to an enemy and the escalating trade […]

Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage “Don’t just count your pips, bullion coins and bars … count your blessings” Gold is 6% higher in August and may correct in the short term so cost average Deutsche Bank is a “basket case” and […]

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1 Official figures show gold now accounts for 19.6% of the total reserves of the […]

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold Mobius recommended a 10% allocation to gold bullion and warned against gold ETFS which are “susceptible to government […]

News and Commentary Gold reclaims $1,500 mark as focus turns to Fed Gold steady after slide below key $1,500 level Gold slips 1% as equities, U.S. Treasury yields rise Wall St. rallies on stimulus cheer, Apple leads tech gains Powell gets the chance this week to make up with markets after his ‘midcycle adjustment’ We […]

Gold prices dip on firmer dollar, stocks Gold prices fall on stronger dollar, equities Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs India’s central bank demands more enthusiasm for gold paperizing campaign Blenheim Palace ‘installs £1million 18-carat gold toilet for visitors’ How modern monetary theory could spike a new […]

* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk * FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’ * GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’ * Gold prices are marginally […]

* Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to anonymous […]

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz * Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession * CME raised gold margins from $4k to $4.5k or 12.5% yesterday Gold sheds 2% […]

* Major stock markets globally fell for a third straight day today * Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver * Silver went above a 1 and half year high climbing 1.8% to […]

* Gold up nearly 6% so far in August after 3% gain last week * Gold futures traders increase net longs in COMEX gold * Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above) NEWS & COMMENTARY Gold […]

NEWS & COMMENTARY Gold and silver are 4% and 4.7% higher respectively for the week so far Gold ends lower but holds firmly above $1,500; Silver loses grip on $17 Gold dips, taking a breather after surpassing key $1,500 level China Increases Gold Reserves & Diversifies From The Dollar European stocks seen lower on trade […]

◆ “Get knowledgeable and get prepared as this crisis is going to be the worst in my life time” ◆ “I own physical gold and silver coins … everyone should own them” ◆ “I own Chinese, Russian, American, Australian, Austrian silver coins” and “I own UK and other gold coins” ◆ “Singapore has been and […]

via Bloomberg via Yahoo Finance Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy. The metal advanced as much as 1.3% to $1,503.30 an ounce on the Comex, the highest since 2013. […]

Gold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S. Gold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold’s highest level in dollars in more than six […]

The Federal Reserve dropped interest rates by 0.25% and the U.S. stock markets fell from all time record new highs. They also signaled to a surprised market that this is by no means an ongoing trend. The markets had to do a double take and were not enamored. The Fed has turned dovish from a […]

– “I feel called to this … I feel it is my duty to educate as many people as possible” – The Fed is engaged in “extend and pretend” but we are in the “end game” – U.S. bonds are no longer safe due to negative yields and the risk of massive currency depreciation – […]

NEWS & COMMENTARY Gold marks longest string of gains in 5 weeks ahead of Fed decision Silver on pace for best monthly gain since December, up more than 7% Gold prices hold steady ahead of Fed verdict Euro zone second-quarter growth halves, inflation slows despite jobless at 11-year low Swiss National Bank reports H1 profit […]

Gold prices have surged in British pounds today as sterling fell sharply on concerns that Boris Johnson may lead the UK and EU into a “hard Brexit.” Gold surged to 1,175/oz and nearly touched the all time record nominal high of £1,179/oz as the pound fell on international markets. Gold gained nearly 0.5% in dollars […]

US, EU and China could pursue joint revaluation of precious metal By Willem MiddelkoopOfficial Monetary and Financial Institutions Forum via OMFIFLast year 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967, the year the London Gold Pool collapsed. The gold repatriations by many European countries of […]

Gold rose to a six and a half year high in euros at €1,288/oz yesterday prior to giving up the gains as it succumbed to profit taking in volatile trading during and after the ECB meeting. Gold spiked to its highest level since 2013 in response to the more dovish ECB policy statement. It then […]

via GATA Four great gold advocates were brought together on YouTube today by Phil Kennedy of Kennedy Financial to discuss the gold market and the excellent prospects for the precious metals. Roundtable participants include: – Bill Murphy, GATA Chairman – Rob Kirby of Kirby Analytics – Dave Kranzler of Investment Research Dynamics in Denver – […]

Silver prices settles at their highest since June 2018; 7 days of gains in 8 trading sessions Silver has surged over 9% so far in July; from $15.10/oz to $16.50/oz Silver rose again yesterday, its 7th gain in 8 sessions, which saw the September contract gain another 6.5 cents, or 0.4%, to settle at $16.48 […]

Sterling is under pressure today and gold near all time record highs in sterling (see chart) due to the likelihood that Britain’s ruling Conservative party will elect Boris Johnson (aka ‘BoJo’) as its new leader and Prime Minister today. The result of the weeks-long internal party election will be announced today and there are increasing […]

One of the most well informed investment analysts in the business, Joachim Fels, has warned that we are in a “currency cold war” which may see gold soar much higher. Fels is the global economic adviser at Pimco – the Californian bond asset management behemoth which has $1.76 trillion in assets under management. Yesterday he […]

Silver prices could hit $30 in the next 18 months. Silver is on a tear. Up 1.4% yesterday with plenty more in the tank. We had been expecting silver to awaken in a strong move higher, almost as if it was caught napping, while the world watched gold push through previous boundaries with conviction. Silver’s […]

Ray Dalio the American billionaire investor, hedge fund manager, and founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds believes that it is “both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.” In an article written in LinkedIn today, Dalio highlights the following 4 key developments that are likely […]

Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running. The three governments announced […]

Gold is moving higher and steadily so. It’s hold north of $1,400 is impressive and worrying at the same time. We have seen record flows of late, with long term safe haven demand rising a pace. It was Germany last week and China this week, the flow of disappointing indicators is now gathering pace.  China […]

Dovish statements from global central banks recently aren’t the only reason for gold’s rise past $1,400 an ounce this week to levels it hasn’t seen in nearly six years. “Gold is a global market and U.S. monetary policy, while important, is not the only driver of performance,” Juan Carlos Artigas, director of investment research at […]

Billionaire publisher Steve Forbes wrote a letter to Mark Zuckerberg last week encouraging Facebook to back Libra with gold: Dear Mr. Zuckerberg: Your company made big headlines when it announced it would be launching a cryptocurrency called the Libra in 2020. Not surprisingly, given the nature of the times, the project has been greeted with intense criticism […]

“If you assigned us [to] stabilize the dollar price of gold, monetary policy could do that, but the other things would fluctuate, and we wouldn’t care,” Powell says. Though Powell distanced himself from the Fed nomination process, his comments put him at odds with the writings of Judy Shelton, a current nominee to the central […]

A confluence of factors is leading to a rally in gold prices that could last for several years. It’s all systems go for gold investors. The bullion market is stirring from a multiyear slumber and looks set to enter a sustained rally, experts say. Double-digit increases within the next 18 months may be only the […]

Gold reserves of the National Bank of Poland (NBP) have risen by 125.7 tonnes to 228.6 tonnes, the bank announced on Friday. NBP governor Adam Glapiński added that that it had been possible to take action to repatriate a significant portion of Poland’s gold. The central bank announced on Friday that it had “carried out […]

GOLDNOMICS PODCAST (Episode 12) Watch Podcast Here or Listen on Apple Podcasts, SoundCloud or Blubrry It is now time to move to own actual physical gold coins and bars Become your own central bank and avoid ETF and online gold Take delivery and own gold and silver bullion the S.A.F.E. way Gold ETFs, online gold […]

by Bloomberg News Non-farm payrolls could provide clues on the Fed’s next move Gold bullion set for seventh weekly gain as looser policy expected Should put more than ‘5%-10% of your portfolio in gold’ today Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release of […]

Mark O’Byrne, founder at GoldCore, gives IG TV’s Victoria Scholar his outlook for gold and silver prices and why he believes they will surpass their record nominal high prices of 2011 in the coming years. Gold is overbought and may go lower or higher in the short term, but the many financial, geopolitical and monetary […]

Avoid Online Gold, Take Delivery and Own Fully Segregated Gold Coins and Bars – Some gold buyers and investors in online gold platforms are “having difficulty getting their gold … and their cash” – “Hearing more and more unfortunate stories and I will not mention names” – Jim Willie – Physical gold and silver are […]

News and Commentary UK Housing Market Weak and London House Prices Drop Eight Quarters In A Row UK Construction Sector Suffers Worst Month in 10 Years as Brexit Bites Gold Rises on Global Growth Worries, US-EU Trade Conflict US Shares Hit Record and Gold Drops as Trade Talk Hopes Rise Wave’ of M&A Will Hit […]

GoldCore Note Gold fell 1.4% from a six year high to back below $1,400 at $1,390 an ounce today as traders took profits and sold gold futures after the U.S. and China agreed to a trade war truce. Risk assets like stocks got a bounce higher while safe havens like gold and the Swiss franc […]

GoldCore Note Gold prices are marginally higher today and look set to have their best monthly gain since June 2016. Spot gold was up 0.2% at $1,413.60 per ounce in late morning trading in Europe. Gold has risen over 8% this month so far. A monthly close above $1,400/oz will be positive from a technical […]

-The Global Monetary RESET will see the “Third World” dollar sharply devalued and paper wealth and assets including stocks and bonds lose significant value – The ‘Gold Standard’ jigsaw: the global monetary pieces are falling into place as China quietly moves to re-establish some form of Gold Standard – The legs of the Gold Standard […]

GoldCore NoteGold prices look set for their first decline in seven trading days today. Gold fell over 1.1 per cent during Asian trading hours and has remained weak in European trading.  Gold fell as traders took profits on their recent rapid gains. A slight change in the Federal Reserve’s ‘mood music’ with hints that aggressive interest […]

GoldCore Note Gold surged over $1,436/oz this morning, it’s highest level in almost six years as an escalation of US sanctions on Iran added to heightened geopolitical uncertainty and uncertainty in global markets. Market participants are also concerned about the G-20 summit this weekend where it is hoped that President Donald Trump and China’s Premier […]

News and Commentary Gold Hovers Near Six-year High as Dovish Central Banks, U.S.-Iran Tensions Fuel Demand Gold Gains to Near Highest Since 2013 as Bulls ‘back in Control The Gold ETF Continues to Set New Highs as Commodities Rebound and the Dollar Slumps Iran Says It Will Confront Any U.S. Threat, Trump Eyes New Sanctions  […]

GoldCore Note Gold prices surged to a new six-year high today after markets digested the U.S. Federal Reserve signalling a move to looser policies and other central banks including the ECB made similar dovish signals. The Fed said it was ready to cut interest rates as soon as this July due to the very uncertain […]

GoldCore Note Gold prices surged nearly 3% to a high of $1,385/oz, their highest in more than five years today after the U.S. Federal Reserve adopted a more dovish tone. The Fed signaled possible interest rate cuts this year which sent risk assets higher, U.S. Treasury yields and the dollar lower. Gold gains in dollars […]

GoldCore Note Gold is lower in dollars today despite increasingly dovish signals from the Federal Reserve, ECB, Australian central bank and other central banks as economies slow. Gold has surged higher in Australian dollars again this week and reached a new all time record high in the Aussie dollar yesterday at $1,974/oz. This is due […]

GoldCore Note Gold prices have risen in all currencies today and especially in British pounds with gold having risen 1.5% to £1,078/oz. Concerns regarding the weak UK economy and Brexit fears continue to weigh on sterling. More loose monetary policies are making gold attractive again as are the elevated economic and geopolitical risks which are […]

GoldCore Note Gold and silver have weakened today and have fallen from the 14 month high seen on Friday. Spot gold was down 0.4% at $1,338.30 per ounce in early U.S. trading. It surged to $1,358.04 on Friday, its highest level since April 11th, 2018. The return of risk appetite as seen in gains for […]

GoldCore Note Gold prices jumped another 1% today, surpassing the key $1,350 level for the first time since April last year. Gold made strong gains in all currencies including the euro and the pound, rising above €1,200 and £1,060 per ounce respectively. Poor economic data from China, the UK, the EU and the United States, […]

via Bloomberg Paul Tudor Jones, the Tudor Investment Corporation founder, believes that gold is the best trade and is going to “scream” over the next year to two years. He outlines his reasons why with Bloomberg’s Vonnie Quinn on Bloomberg Markets. “The best trade is going to be gold. If I have to pick my […]

GoldCore Note Gold prices have moved higher today after hitting a one-week low yesterday. Renewed worries over the U.S.-China trade war and its impact on the global economy are pushing gold higher. Stocks globally have fallen as risk aversion creeps back in as the trade war escalates, increasing the appeal of gold bullion as a […]

For the left, all private property becomes fair game… Don’t delay and start preparing your finances now Left wing governments may be elected – Where is safe to invest? The UK is still as divided as ever over Brexit and a nasty shock lurks around the corner Corbyn is not investor-friendly: Real risk of inflation […]

by Bloomberg Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook. Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for EMEA and […]

Gold Is 3% Higher This Week As Dollar, U.S. and Global Economy Weaken Gold prices jumped to $1,345 per ounce soon after the U.S. non farm payrolls showed that the U.S. created a meager 75,000 jobs in May, taking it’s weekly gain to 3%. Gold prices consolidated on this week’s 2.2% rise by today and […]

by Dominic Frisby of Money Week Every year, Incrementum AG – a Liechtenstein-based investment company – puts out its research note, In Gold We Trust. At over 300 pages, it’s probably the most comprehensive gold analysis there is. The 2019 edition came out just last week, and I thought this week I’d share some of the […]

Gold has moved marginally higher again today after 5 days of gains and remains firm near a three month high at $1,340/oz. Gold is being supported by the dovish comments from the Fed which have lifted expectations of an interest cut. The U.S. economy is slowing and this is putting the dollar under pressure as […]

Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs on Mexico will hurt the global economy are […]

Gold rose to a two week high and was higher in most currencies today after Washington’s threat of tariffs on Mexico exacerbated fears of a global trade war and recession, which saw a ‘flight to quality’ and gains for safe haven gold. Spot gold jumped 0.9% to $1,298.80 an ounce this morning, its highest since […]

Investors in Switzerland like gold and it is the second most popular investment after property or real estate 20% plan to invest in gold in the next 12 months Almost two-thirds buy or invest in precious metals at their bank; fewer than one-in-ten buy gold online by Alistair Hewitt of the World Gold Council There’s […]

In Gold We Trust 2019 –The Annual Gold Report from Incrementum is Here We are happy to report that the new In Gold We Trust Report (2019) has been released today and the download link can be found at the end of this post. Ronnie Stoeferle and Mark Valek of Incrementum and numerous guest authors […]

By Dominic Frisby, Money Week Today we’re talking gold. I’m not going to make projections about the price – whether it’s going to go up or down. Instead we’re going to look at the cost of buying and selling gold. How to buy gold on the cheap What’s the easiest, cheapest way to buy gold? […]

– Uber, Grand Canal Dock, Canals, the New Tech Bubble and the Financial Mania of Today– “Both the canal and railway manias led to ridiculously overvalued companies, whose subsequent crash brought financial ruin to many”– “Yet these technologies did change the world, eventually”– Time to learn the lessons of history by David McWilliams Last week […]

Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU […]

Pound extends fall as support for Theresa May evaporates Gold ends modestly higher, edges up further in electronic trade after Fed minutes Fed minutes: No rate moves are coming ‘for some time’ even if the economy improves Trump cuts short infrastructure meeting, blasts Pelosi’s ‘cover-up’ accusation Deutsche Bank shares collapse and executives brace for its […]

While all the focus is on Brexit, the UK faces a debt and currency crisis UK has over $8T in external debt: 2nd largest debtor in the world after the U.S. True UK government debt exceeds £5 trillion as pension liabilities not in official numbers Total UK national nominal debt surged over £2 trillion; Increasing […]

News Brexit Blues Hit House Prices in Almost Every London Borough Bank of England warns of ‘more frequent’ rate increases than expected Gold posts a modest rise after ending last week at a 2-week low Gold steadies as equities dip, focus turns to Fed minutes Stocks in Asia mixed as US-China trade tensions take a […]

by Frank Holmes via USFunds.com First of all, let me say that gold price suppression (“fixing,” “rigging,” “manipulating” or however else you want to think about it) is not just a conspiracy theory. It’s a well-documented phenomenon, with real actors and real ramifications. In 2014, Barclays was fined nearly $44 million for failing to prevent […]

by Frank Holmes via SeekingAlpha.com Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also said […]

– “Over the long term, justice, fairness and decency will prevail … that is the history of mankind…as seen in the ascent of man … things tend to get better over the long term …” – CALL To ACTION: Precious metals suppression is only possible if gold buyers and investors give their money & energy […]

* Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil vessels […]

(Reuters) – Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. […]

GOLD SUPPRESSION is “the BIGGEST ISSUE in the WORLD … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way and we think that this is evil” – Brief introduction […]

by Christopher Whalen, via TheAmericanConservative.com Americans generally think of Europe first as a wonderful place to visit. They rarely ponder the economic and financial ties between the United States and European Union, but in fact these ties are extensive and significant to the stability of both economies. One area of particular connection involves the large […]

by Claudio Grass on ClaudioGrass.ch Turkey’s debt problem, coupled with the plummeting lira, is arguably the most important risk factor for the nation’s economy. To make matters worse, far from it posing a threat just to Turkey itself, it also has the potential to inflict significant damage elsewhere too, starting with key economies in the […]

(Reuters) – A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll […]

Global Gold Demand Trends Q1 2019: Global gold demand lifted by central banks and ETFs This compares with a relatively weak Q1 2018, when demand sank to a three-year low of just 984.2t. Central bank buying continued apace: global gold reserves grew by 145.5t. Gold-backed ETFs also saw growth: quarterly inflows into those products grew […]

Wishing you health, wealth and happiness on this Saint Patrick’s Day! May your home be filled with laughter May your pockets be filled with gold And may you have all the happiness Your heart can hold Irish Cladagh Blessing NEWS & COMMENTARY Sales Surge: U.S. Mint Sells Another Million Silver Eagles Past Two Days Extreme […]