Gold Blog

A ‘Great Time To Rebalance Investment and Pension Portfolios’ – Newstalk Interview

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 […]

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Gold Falls 0.25% After Johnson Says Brexit Agreed; Markets Remains Skeptical of the ‘Deal’

◆ 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 […]

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 Bank of England Warns of an ‘Abrupt’ Financial Collapse Due To Climate Emergency

◆ 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 […]

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Dutch Central Bank: Gold Bars ‘Always Retain Their Value, Crisis Or No Crisis’

◆ “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 […]

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GOLDNOMICS PODCAST: Prepare Now As Risk Of Contagion In Today’s Fragile Monetary World

◆ 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 […]

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Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

◆ 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 […]

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Gold ETFs See Holdings Reach All Time Record Highs In September

◆ 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 […]

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China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

◆ 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 […]

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Chinese Buy Gold In Volume In Holiday Week as Gold Jewellery Sales ‘Soar’

◆ 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 […]

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Video: Gold $16,000 and Silver $700 Per Ounce? Focus On Safe Haven Value, Not Price

– “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 […]

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Gold Imports Into China Surge 61% From 8 Year Low To 13 Tonnes

◆ 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 […]

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World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

◆ 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 […]

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Gold At 3 Week High As Stocks and Dollar Fall On Trump’s Hard Line Stance Against Iran and China

◆ 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 […]

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Gold At 2 Week High At $1,523/oz On Global Economy Concerns; Palladium At All Time Nominal High

  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. […]

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Gold Gains 0.8%, Silver 3.4% As Stocks Fall on Bad EU Data and Oil Gains On Middle East Concerns

  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 […]

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‘Plumbing of the U.S. Financial System’ Under Pressure; NY Fed Providing Massive Liquidity and Potentially Permanent Repo and QE

◆ 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 […]

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Gold Falls Despite President of the United States Attacking “Fail Again” Federal Reserve

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 […]

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JPMorgan’s Gold and Silver Desk Was a Criminal Enterprise – U.S. Justice Department

◆ 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 ◆ […]

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Central Bank Gold Buying Is “Sustainable and Indeed May Accelerate”

◆ 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 […]

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Oil Surges 10%, Gold 1% and Silver 2% After Saudi Oil Attacks

◆ 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% […]

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Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

◆ 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 […]

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Citigroup Say Gold May Top Record At $2,000 Per Ounce

◆ 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 […]

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‘Protect Oneself’ From A ‘Paradigm Shift’ Akin to the 1930s With Gold Diversification – Ray Dalio

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 […]

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Gold Marginally Higher; China Buys 100 Tons of Gold For Its Reserves In 2019

◆ 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 […]

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Gold In Japan Reaches Highest Since 1980 – Surging Demand Results In Delays To Buy Gold

◆ 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 […]

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Gold To $3,000/oz By End Of 2020 As The Dollar Will Fall Sharply – Ron Paul

◆ 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, […]

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Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears

* 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 […]

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Gold At New Record Highs In Pounds and Euros – £1,280/oz and €1,400/oz – On Brexit and Economic Concerns

* 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 […]

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Silver Rally Is ‘Stealing the Show’ Even as Gold Surges to 6-Year High

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 […]

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Silver Gains 6% To $18.40/oz and Gold Consolidates Over $1,500/oz This Week

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 […]

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Gold Reaches New Record Highs In GBP at £1,272 and EUR at €1,399 as Johnson Suspends UK Parliament

* 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 […]

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Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz

* 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 […]

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Gold Steadies After Surging To All Time Record High In Euros At €1,392.60/oz

* 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 […]

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G7, Trump Tweets and Uncertainty Underline Importance of Owning “Physical Gold In A Vault” – GoldCore on Bloomberg

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 […]

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Interview with Mark O’Byrne: Gold Down 1% In Week; Up 6% In August and Up 17% YTD; ‘Most Probably Correct’ So Cost Average

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 […]

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Gold Steady At $1,500 As Russia Buys Another 300,000 Ounces Of Gold In July

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 […]

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Buy Physical Gold ‘At Any Level’ Says Mobius As It Will Go ‘Up, Up and Up’

“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 […]

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Gold and Silver Prices Move Above Key $1,500 and $17 Levels Again

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 […]

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Gold 1% Lower At $1,497 After Third Week Of Gains

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 […]

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FTSE Open Delayed On Trading “Issue”, GE Enron Fraud Concerns and Deutsche Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk

* 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 […]

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Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

* 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 […]

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Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday

* 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% […]

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Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

* 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 […]

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Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

* 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 […]

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Gold Holds Above $1,500 As Central Banks Lose Control and China Continues to Buy Gold Bullion

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 […]

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Jim Rogers Video Interview: Buy Gold Coins and Silver Coins as Global Crisis Is Coming

◆ “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 […]

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Gold Surges Over $1,500/oz as Investors Seek Shelter From Gathering Storm

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. […]

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Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

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 […]

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Fed’s Stock Bubble and Why Central Banks Blind Us To Risk

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 […]

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Gold and Silver Are “Safe Haven Money” and Have Never Failed Throughout History – Silver Guru

– “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 – […]

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Gold and Silver Steady Ahead of Fed; Up Over 3% and 7% In July

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 […]

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Gold Surges To £1,175/oz, Near Record £1,179/oz In GBP, As Sterling Falls Sharply

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 […]

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US, EU and China To Revalue Gold In New ‘De Facto’ Gold Standard

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 […]

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Gold At 6 Year High In Euros At €1,288 as ECB Says Outlook Is “Worse and Worse”

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 […]

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Four Great Gold Advocates: Bill Murphy, Dave Collum, Rob Kirby and Dave Kranzler on Gold

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 – […]

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Silver Prices At 1 Year High Over $16.50 Per Ounce

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 […]

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Gold Consolidates Near All Time High In British Pounds – Prime Minister ‘BoJo’ Cometh

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 […]

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PIMCO: “Currency Cold War” May See Gold Soar Higher

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 […]

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Silver Rallies to Its Highest in Over a Year, Plays ‘Catch Up’ to Gold’s Gains

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 […]

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Ray Dalio Warns A “New Paradigm” Is Coming: “Buy Gold, Sell Stocks”

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 […]

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Europe Circumvents U.S. Sanctions On Iran

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 […]

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Gold Climbs, but Not Because of Trade Wars

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 […]

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Why Gold Prices Have Climbed to Their Highest Since 2013

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 […]

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Facebook Should Link its Libra Cryptocurrency to Gold – Steve Forbes

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 […]

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Fed’s Powell explains why a return to the gold standard would be so damaging to the economy

“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 […]

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Why the Gold Rally Is Set to Run

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 […]

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Poland’s Central Bank Increases Gold Reserves by Over 125 Tonnes

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 […]

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Global Gold Alert: Is Your Gold S.A.F.E. ?

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 […]

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Gold At 6 Year Highs and Set For 7th Weekly Gain, Longest Stretch of Gains in 8 Years

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 […]

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Gold and Silver Will Surge to Record Highs Over $1,900 and $50 Per Ounce – IG TV Interview

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 […]

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Gold Buyers Are “Having Difficulty Getting Their Gold and Their Cash” – Jim Willie Interview Part 2

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 […]

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London House Prices Drop Eight Quarters In A Row

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 […]

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Gold Falls 1.4% As Trade Truce Sees Gold Futures Sold Overnight

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 […]

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Credit Suisse: Gold May Retest Record High of $1,921

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 […]

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Gold Standard Cometh In This The Multi Polar, Asian Century (Part I) – Jim Willie Interview

-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 […]

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Gold “Vulnerable to a Correction in the Short Term … Prior to Month-end” – Goldcore

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 […]

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Gold Jumps to Highest in Six Years at $1,436 – Safe Haven Demand as Rising Risks

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 […]

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Gold Hits New 6 Year High on Dovish Central Banks and Iran Risk

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  […]

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If Gold Pulls Back, It Will Most Likely “Be Short and Shallow” – GoldCore

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 […]

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Gold Prices Surge Nearly 3% to 5 Year High At $1,385/oz After Fed Turns Dovish

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 […]

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Gold Surges To All Time Record Highs At $1,974/oz In Australian 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 […]

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Gold Rises In All Currencies – Gains 1.6% To £1,079/oz In GBP, Near 7 Year High

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 […]

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Gold, Silver Primed For Break Outs as Recession Looms

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 […]

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Gold Breaks Above $1,350, €1,200 and £1,060 – Risk Of War In The Middle East

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, […]

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Gold Price Will “Scream” and See $1,700 “Quickly” Says Billionaire Paul Tudor Jones

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 […]

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Gold Prices Move Higher Again As US-China Trade War Sees Stocks Fall

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 […]

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Start Preparing For Inflation Today

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 […]

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Gold To Reach 6 Year High Over $1,400 on Uncertain Outlook for Global Markets

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 […]

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Gold Jumps To $1,345 Per Ounce As U.S. Only Created 75K Jobs In May – Weekly Gain Now 3%

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 […]

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Global Collapse In Trust Is Driving A Secret Bull Market In Gold

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 […]

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Gold Firm At $1,340/oz After 5 Days of Gains – Fed Takes It To 3 Month High

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 […]

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Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

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 […]

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Gold Sees Safe Haven Gains As Stocks Fall Sharply and Deutsche Plummets

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 […]

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Gold Investment In Switzerland Remains Very Popular

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 […]

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In Gold We Trust 2019 – Gold in the Age of Eroding Trust

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 […]

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The Best Way To Invest In Gold

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? […]

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Grand Canal Dock, Uber and the Tech Bubble – David McWilliams Urges Learn from History

– 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 […]

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Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

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 […]

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Sterling Down For Record 13th Day on Political Uncertainty and Hard Brexit Fears

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 […]

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UK’s Massive £5 Trillion Plus Real Debt Will Result In Currency Crisis (GoldCore Video)

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 […]

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Brexit Blues Hits House Prices in Almost Every London Borough

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 […]

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Gold Suppression: It’s Not a Question of IF but to WHAT EXTENT

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 […]

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3 Charts Warning Investors To Rebalance Portfolios

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 […]

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VIDEO: We Have The Power To End Gold Price Suppression – Interview with Chris Powell (Part 2)

– “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 […]

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Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

* 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 […]

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Seven Banks Rigging The Multi-Trillion Dollar Foreign Exchange Market

(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. […]

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“THE BIGGEST ISSUE IN THE WORLD TODAY” IS GOLD PRICE MANIPULATION – CHRIS POWELL OF GATA

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 […]

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Deutsche Bank’s Crisis Will Likely Lead To U.S. and Global Banking Crisis

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 […]

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Is Turkey The Snowflake That Unleashes The European Banking System Avalanche?

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 […]

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Gold To Gain as Global Markets Brace for Turmoil: Reuters Poll

(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 […]

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Global Gold Demand Gains In Q1, 2019: Central Banks Buy Gold Bullion and ETFs See Inflows

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 […]

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IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

◆ The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis ◆ Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension funds or life insurers, […]

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